We Buy Houses in Saint Paul MN. Do you need to sell a house that’s not in great shape? When it comes to selling a house, one of the largest expenses you may have to deal with comes from repairs. The upgrades and maintenance work that properties usually need (in order to become listing worthy) can quite literally run into the thousands, if not the tens of thousand. As such, being unable to make these repairs (no matter how necessary) is perfectly understandable. In this blog, we’ll give you a few tips on how to sell a house that needs repairs.
Tips for Selling a House that Needs Repairs
Sell your House “as-is” ~ Make the Needed Repairs ~ Sell your House Directly
Sell Your House “As-Is”
Listing your house for sale in “as-is” condition is a way to sell a house that Needs Repairs.
To sell a house that needs repairs in Saint Paul, you could list the property “as-is”. This informs all potential buyers that no repairs will be made to your property prior to sale. Nor will any credit towards the repairs be met as a contingency of the sale.
Naturally, buyers will expect a bargain price when they look at homes that are sold in “as-is” condition. In addition, as most buyers will request an inspection, it would be wise to have your own inspection and appraisal done. This will allow you to be fully armed with all the financial facts at the negotiating table, which could help you avoid law-ball offers due to your “as-is” sale.
Also, your buyer pool may suffer. Regrettably, lenders have standards for homes that are purchased from mortgage loans, and require inspections and appraisals. As such, your pool of buyers may be limited. But above all, it is very important to be honest about everything. Disclosing all the facts when selling your house to a regular buyer could help you avoid facing any future legal battles. To learn more about what exactly you need to disclose when selling a property “as-is”, click HERE.
Another way to sell a house that needs repairs in Saint Paul MN is to get the repairs done before you list your property. If you can afford to, this will require you to have your home inspected by a professional, then get an estimate from at least three reliable contractors for the work. Through these actions, you will have a realistic picture of what it will take, both in terms of time any money, to get your home ready for listing.
Be certain to allow a buffer of 10 percent more than the known work estimate into your home repair budget. This will help you avoid being caught off guard by any other issues that can come up when your buyer hires their own inspector. You should also allow a buffer of time, when you are making your plans. This will make it easier for you to accommodate any delays that may arise.
Sell Your House Directly
Selling your house directly to a Cash Buyer like FastPath Home Buyers is a great way to sell a house that Needs Repairs.
Finding a buyer when selling your house “as-is” is not a very easy thing to do. Sadly, should you attempt to list your property “as-is,” many buyers will immediately turn away. This is because most home buyers prefer a house that is in “move-in” condition. So your house is bound to spend some time sitting on the market. But this doesn’t have to be you fate!
Instead, you should consider selling your house directly to FastPath Home Buyers. Here at FastPath, we buy houses quickly in Saint Paul MN, and throughout the greater state of Minnesota. If you sell your house directly to our company, you’ll get an easy sale experience that requires No Fees or Commissions. 100% Free. In addition, we don’t require inspections and appraisal, and we’ll accept your house in any condition (No Repairs! No Cleaning!). So if you’d like to learn more about what our company and what we can offer you, click HERE or fill out the short form down below.
Are you ready to sell a house that needs repairs in Saint Paul right now? Why not make the wise choice and start working with FastPath Home Buyers! Just send us a message or call FastPath Home Buyers at (612) 351-2384 today!