What do you do when you need to sell your home fast, but extensive repairs are out of the question, either because they’re too costly or too time-consuming? Busy home sellers have a few options in this scenario, including selling as-is, completing just minor repairs, and focusing on only the big-ticket items most buyers are concerned about.
Maybe you searched "Sell My House Fast In Connecticut" but you're in a situation where your house is not up to par to be listed with a realtor. We've got you covered with the advice below.
Read on for the options for selling a house that needs repairs, on a short timeline.
What Does It Mean to Sell a House As Is?
Selling a house as-is means the property is a fixer-upper that won’t be repaired or improved before it’s sold. It tells buyers: What you see is what you get. The home is priced and marketed for sellers to get it sold quickly without pouring any extra money into it—and for buyers to score a low price.
Should You Sell Your House As Is?
If you need to move pronto and don’t want to make repairs to your home, selling it as is could be a good option. But keep in mind, it’s like slapping a big ol’ clearance sale sign on your house—Everything Must Go! Sure, you’ll definitely earn less money at the closing table than you would if you made the repairs. But it might be worth it in certain circumstances.
Pros of Selling a House As Is
- Save time: You won’t have to wait an eternity for repairs to be done before you list your home. And there’s a good chance most interested buyers will pay in cash, so the closing process will likely move much faster (since you’d be avoiding the headache known as the mortgage approval process, which always slows things down).
- Save money: You won’t have to spend money you don’t have to make major repairs or improvements, which can cost up to $150 per square foot. Imagine, just renovating a 100-square-foot kitchen alone might cost $15,000! Going into debt to fix your home is never worth the risk.
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