If you are trying to sell your home, you probably already know that today’s buyers are looking for a nearly perfect house. Not only does it need to be in tip-top condition, but it also needs all the latest upgrades such as hardwood floors, quartz countertops, and smart appliances. Unfortunately, not everyone is in a position to make repairs and install all the bells and whistles. Thankfully, there are ways to sell your home as-is.
Negotiate with a Traditional Buyer
If you are already in the process of a traditional home sale you might be able to carry on and negotiate with your prospective buyers. While most buyers are looking for a home that is move-in ready, you might find someone who is looking for a great deal on a fixer-upper. Be sure to find out exactly how much your home will cost to repair and subtract that from your asking price. Just keep in mind that some lenders won’t approve a loan if certain repairs aren’t taken care of.
Sell Your Home for Cash
Another possibility for selling your home as-is is to sell your home for cash. Cash buyers aren’t under the same stipulations as people who are depending on a lender to fund the purchase. You might have an easier time finding a cash buyer who is willing to buy your home as-is. Sometimes house flippers are willing to buy a fixer-upper for cash, with the expectation that they will be investing in the repairs once they acquire the property.
Sell Your Home to a Home Buying Company
The easiest and surest way to sell your home as-is is to work with a home buying company. Home buying companies are in the business of purchasing homes that would struggle to sell otherwise. Whether your home is in need of a few minor fixes or requires a complete renovation, a home buying company will be interested. Plus, when you go this route you get the additional benefits of a no-hassle direct sale that can close in less than a month.
The most important thing to know when getting ready to sell your home is that you do have options. You don’t have to spend a fortune on repairs and updates. You also don’t have to pull your hair out with a long and stressful process.
Do you need to sell your home but can’t afford repairs? NextChapter Equity is here to help! Simply click here to learn more!