There are a lot of decisions that need to be made before selling a house. One of these decisions is whether to fix up your house a bit before selling it or try to sell it as is. Unfortunately, there is no single answer to this question. The decision will be based on plenty of factors. In this blog, we will go over these factors and then tell you a few ways to fix up your house if needed. So, let’s dive right in!
Factors That Will Help You Decide
Here are 3 factors that will influence your decision of whether you fix up your home or try to sell as-is:
- The Real Estate Market
What you should know is that the real estate market fluctuates a lot. There are no simple rules to play by. The real estate market in your area can influence this decision to a great extent. Typically, there are two types of markets. In a seller’s market, the seller is at an advantage. It takes only a few days to receive multiple offers for your home. In this case, you might just want to sell as is or just make a few minor repairs. However, in the second type of real estate market, offers come in less frequently, and it may take months to receive a satisfactory offer. In this case, you can boost your chances of receiving a good offer by fixing up your home.
We suggest that you sell your home to an investor for cash. We believe that selling a house does not need to be an overwhelming process. Hence, we at CASHmyRE make it simple and easy to get a quality offer and close fast.
- Competing Houses
A comparative market analysis is crucial at this stage. It will help you determine if your home offers more, less, or the same value as competing houses. This knowledge can then help you decide if you need to make any repairs or you’re better off just selling your home as-is.
- Condition of the House
If the house is in shambles, it’s better to give it to flippers or contractors who can deal with it professionally. You might end up wasting money trying to fix it. However, there are a few improvements that you can make to your house that won’t cost as much (see next section). These improvements will increase the value of your home and will result in a better cash offer for it. Try to talk to a real estate agent about it and then you can calculate the Return on Investment (ROI) for each type of repair and see if it’s worthwhile.
What Can You Fix?
Here are a few improvements that you can make to your house:
- Structure First
Fixing structural features such as the electrical, heating, or plumbing system should be your first priority as it’s next to impossible to live in a house that does not have these systems properly in place. However, don’t do anything that will cost you a lot of money and take up a lot of your time. Remember, make it simple for yourself.
Have you thought about updating the flooring and countertops to give the house an exciting new look? Well, buyers aren’t just going to throw money at nothing, eh?. One of the most critical areas of your focus while fixing a house should be its exterior. Repair the fence boards and clean the yard to give your house a spic and span look. It is crucial that the buyers or investors feel welcome into the house when they arrive. If they stand on the curb and decide against going inside, then your house doesn’t have a curb appeal.
- Fresh Paint
If the paint has been worn off with time, think of re-painting the house. This is easy. The first thing a buyer with loads of cash is going to see are the walls. It is the cheapest way to make it look as good as new. Pick out the classiest colors according to the theme that everything else in the house follows. Most buyers aren’t fond of wallpapers, so we recommend removing them and replacing them with a fresh coat of paint.
- Update the Kitchen and Sell your House Faster
If you can afford it, you can update your kitchen. Everyone loves a spacious kitchen with appliances that use new technology. Don’t worry about a complete kitchen makeover, as it can be really hefty for your pocket. Instead, take advice from a real estate advisor and try to fix the small things that do not burden your pocket.
- Clean Bathrooms
Another basic necessity for anyone looking to buy a house is that the bathrooms are clean. Don’t worry about changing all the tiles and installing new faucets and toilets. Instead, fix the existing ones if they are not working properly. To make sure the bathrooms are not damp and dark, install new lights.
Once you’ve made the necessary changes to your home, you can go on to sell it. If you want to cut yourself some slack from the hassle, uncertainty, and stress, Cash My Real Estate is the perfect solution. CASHmyRE is here to help you acquire a cash offer for your house in these simple steps. Contact us, schedule a visit, and get an offer within 48 hours! So, what are you waiting for?