How do you sell a house that needs extensive repairs? When does it make sense to sell the house as is? And most importantly: can you sell a house without repairs? If you are planning to sell a house and cannot afford to spend on repairs, here’s why we think you have made the right decision.
• Repairs Could Cost More Than You Expect:
Dilapidated and old homes come with their own sets of problems. From leaking roofs to structural damage, there’s no end to the potential issues such homes could throw. And none of these problems are likely to have superficial solutions. A simple roof repair could set you back a lot of money. Even then you cannot guarantee your woes are over. There could be an issue with the timber. In some homes, the electrical systems may not have been updated to keep up with modern gadgets. And neither are they energy efficient. And did we mention you may have a tough time getting home insurance on these properties? Older homes have another peculiar problem—a lot of them are painted with lead paint. It was not until the late 1970s that the government banned lead paint. If your house has electrical outlets with two holes, you will not be able to use devices that need grounding.
• Even with Repairs, You Cannot Guarantee a Happy Buyer:
The problem with selling old homes is, that even with repairs, you cannot convince prospective buyers that things are settled and that there are no more repairs needed. You will have a tough time explaining to them why your home is worth the money you’re quoting. This is especially true if the sale involves a home inspection. Since home inspectors have a preconceived idea that old homes will have a lot of unforeseen issues, they are bound to make an issue about even the most trivial of problems.
• Repairs Aren’t What You Can Afford:
Sometimes people sell their home when they’re in financial distress. They’re looking to sell the house immediately to get out of a sticky situation. Sometimes it could be a foreclosure they’re trying to avoid. Sometimes they have inherited a home in another state or city, which means maintenance is a difficult proposition.
The Solution…
It is not easy to sell a house as is. For one, you’ll be limiting the number of buyers interested in your property. There’s also the added commission that realtors charge for selling such homes. However, you can sell the house to fast homebuyers like us. We buy homes in and around Milwaukee—in any condition! It doesn’t matter if the roof needs repairs or if the paint is peeling off the walls. We buy homes as is and for cash.
