Being a homeowner is expensive. Throughout the years, your home could have been victim to major damage and might be in need of some serious repairs. Choice Home Warranty reports that every year the average homeowner will spend one to four percent of the home’s value on maintenance and repairs.
The lack of maintenance may end up costing you when you are trying to sell your home. Best Price Homebuyers, a we buy houses for cash Omaha company, has compiled a list of answers for selling a house that needs repairs.
Can you sell your home without making repairs?
The answer is yes! It is possible to sell your home without making repairs. This process is called selling as-is. This term means that the homeowner is selling the property in its current condition without negotiating a price or making repairs.
Reasons to sell your home as-is
Now that you know what “sell as-is” means, it is time to learn when are the best times to sell as-is. There are various reasons why people choose to sell as-is over making the improvements and listing it. We have rounded up some common reasons people sell as-is.
Cannot afford repairs
Home repairs can be expensive. When listing your home on the market, homebuyers might want you to make those repairs prior to buying the property or offer less than your asking price. Selling a house that needs repairs can lose you money. If you want to avoid paying for repairs, sell as-is.
The condition of the house is unknown
Another reason to sell as-is because the house was inherited or foreclosed, and the new owner does not know what the condition of the home is. Selling as-is saves the new owners the trouble of having to hire an inspector and making the repairs themselves.
Need to sell fast
Making repairs, like replacing a roof or fixing water damage, takes time. If you want to sell your home fast, sell as-is. This process does not require you to make repairs in order to sell.
Ways to sell my home without making repairs
List the property as-is
One option you have to sell your home without the need of making repairs is listing the house as-is. This process can be done with or without an agent. It is important to note that if you are selling as-is, a homebuyer may still request an inspection. Another downside is that homebuyers negotiate a lower price.
Selling your home to a company that buys houses
If you want to sell your home without an agent, then you can always sell it to a company that buys houses for cash. Selling your home for cash to one of these companies means that they will pay for the property in cash without a mortgage. How it works is you request a cash offer, and they will schedule a showing. After the showing, they will offer you a fair cash value for your property, typically within 24 hours of the showing.
Choose the best we buy houses for cash Omaha company!
At Best Price Homebuyers, we help homeowners sell their homes fast and for cash! We love all homes, no matter their conditions. Request your cash offer today!