Your home could be a few years or several decades old. Regardless of its age, the sales process will be significantly affected by its physical condition. We have outlined a few crucial questions that can help you decide if you must sell your home ‘as is’ or you should fix it up a little before you start the process.
Have You Had A Home Inspection?
Before selling your home, a good first step involves booking an inspection by a licensed home inspector. With this, you can learn about the entire list of minor as well as major issues with your home. In the case of minor issues, you can patch them up before selling. But if there are costly repairs that are recommended, you may have to reconsider the situation.
Can You Afford Renovation And Repair Costs?
When we speak of expensive repairs, you must question if you can invest adequate money to fix up your house. Based on the results of the inspection, you may have to spend thousands of dollars for renovation. But if you do not possess adequate money, you may have to sell as is.
Note that several loans as well as other financial products have been formulated to assist homeowners such as yourself with home renovations. Check either with your bank or mortgage lender to check whether you qualify.
How Fast Do You Need To Sell?
One more important question to answer is the urgency of making a sale. In case you are in a hurry and you are moving somewhere, you would have no choice but to sell as is. Otherwise, you can spend some time on renovations or repairs before placing it in the market.
What Does Your Agent Recommend?
Lastly, what does your real estate agent recommend? In case minor repairs are required or the market is very hot, you may be asked to sell as is. Alternatively, in the case of a slow market, you may have to spend some time to fix things up.
If and when you are all set to sell your home, get in touch with me and I will be more than happy to provide some insight.