One major problem homeowners may face is the need to sell their house while knowing of the need for major repairs. As a result, you may feel bad, wondering who will buy your home in such condition or how much they might offer.
Stop the negative self-talk now! Read on to discover how to sell your Suffolk house if it requires major repairs.
List As-Is
You can sell your Suffolk house if it needs significant repairs. But, remember, when you list your property, whether on your own (FSBO) or with a real estate agent, no one knows when will the house actually sell. And don’t count on the asking price being your final sales price; houses that need repairs will get pretty low offers, some homeowners will feel insulted, but that’s the reality of it. Also, once you consider the loss because of commissions, marketing, fees, and all of the hidden costs that accompany working with real estate agents, there may not be much profit left on the closing table. In contrast, when you work with the buyers at Coastal Edge Homebuyers, there are no commissions at all. They will show you what you would receive with a direct sale or if you decide to work with a real estate agent, so that you can make an informed decision of what’s best for you. Sometimes the highest offer will not be the best in the end.
Touch Up and List
There is another somewhat inexpensive way to sell your Suffolk house – do just a cosmetic makeover to make it a little more attractive to buyers. Some quick & easy updates without spending a ton of money will improve the overall curb appeal to show some potential for the house. That way, people looking for houses may be willing to become buyers for your Suffolk house if it requires major repairs. Consider this – it costs money to hold the home while it’s being sold. That’s called “holding costs”. They include mortgage payments, taxes, utilities, etc. One good tactic to figure out these costs is to ask your agent their average time for such home to be on the market. Often, homes that need repairs are considered bargain properties, tending to remain on the Suffolk market much longer than fully-rehabbed houses.
Invest in Repairs and List
In order to sell your Suffolk house if it requires major repairs, the most ambitious option is to do all the repairs yourself or pay contractors to do it all. Full rehab will get your home to the highest possible selling price, but this is also the riskiest, longest (time-wise) and highest-expense route. In the end, it may not end up being that good for you. It may make sense to get several estimates, so you can get an idea of the average. Also, if an unforeseen issue comes up, that may significantly increase the rehab costs. Rehabbing can take 1-4 months too. An experienced investor like the direct buyers at Coastal Edge Homebuyers can help you become more confident about moving forward with the repairs, or possibly selling “as is” and skip the hassle and risk or rehabbing yourself.
Coastal Edge Homebuyers
Working with Coastal Edge Homebuyers is the fastest and easiest way to sell your Suffolk house for the most money if it requires major repairs. You don’t need to clean for showings or touch up the property because Coastal Edge Homebuyers buys homes in any condition, “as is”. Before making an additional investment and taking risks in repairing a house you no longer want, why not consult with an experienced professional from Coastal Edge Homebuyers. The direct buyers at Coastal Edge Homebuyers will go over the option sand numbers with you and get you a fair cash offer on the spot. Even better, Coastal Edge Homebuyers can close in a matter of days or a week, or even delay the closing for a date that you choose! To learn more ways Coastal Edge Homebuyers can help you, send us a message or call Coastal Edge Homebuyers at +1 (757) 414-7117.