Dealing with all the issues surrounding caring for aging relatives can be challenging. That was the case for home seller Camille who called in December about selling a home as-is in Cheverly, MD.
She was eager to sell a home that her parents had purchased a few years after it was built in 1964. The 5-bedroom split-level was a rental property for many years. Camille moved into it after her father passed away in 2009. Her plan was to renovate it, make it beautiful and live there long-term with her sons. Unfortunately, one issue after another arose, sending her plans awry.
Her Mom Was in Poor Health & Needed Help
She had been caring for her aunt, who passed away last year. Now her mother was ill and living in Florida and Camille wanted to sell the house and move south to be closer to her mom.
Since she wasn’t able to implement most of her plans to renovate, the house needed a lot of repairs. She did install a new kitchen and new windows and siding. And there was nice hardwood flooring throughout the first and second floors. But structural issues, such as cracks in the walls, the foundation, and the brick façade popped up. She found mold issues as well. It was becoming too expensive and she couldn’t afford to make any additional expenditures. Camille was at the end of her rope, worried she wouldn’t be able to sell it with the needed repairs or that it would take forever.
That’s when she visited the Express Homebuyers website and called to get an offer. She spoke with Alex, who explained the easy 3-step process. After Camille shared the details of her home’s condition and she and Alex agreed to move forward, Alex set an appointment for Acquisitions Manager Matt to meet with her at the house. Matt came out to verify the condition of the property and answer all Camille’s questions. They signed an agreement for Camille to sell her home as-is and set the closing for a few weeks later.
Camille had only to remove the belongings she wanted to take with her to Florida. She could leave the rest behind. Express Homebuyers made her home selling experience easy and stress-free, allowing her to move on to the more important matters in her life.
Are You in the Same Boat?
Do you have a house you’d like to sell, but are worried about the many repairs and afraid no one would be willing to buy it? You’re not alone. Homes often have issues. Even if yours needs a boatload of repairs, selling it isn’t impossible. Here are a few directions you can take.
1. Remodel the Entire House
Obviously this option costs the most money and takes the most time. However, going this route could help you sell your house faster and for more money. In today’s market, most people want a house that’s move-in ready. They’re not looking for a fixer-upper. So you’ll have a bigger pool of buyers to market to.
2. Repair Select Items Only
Some properties don’t need a complete overhaul. Maybe you can get away with only repairing the most important and expensive items on the list. We’re talking about things such as the roof, electrical wiring, foundation issues, and the HVAC or plumbing systems. Making repairs to major concerns can improve the value of your property and alleviate the worries of buyers who don’t want to buy a house with large fixes.
Major repairs like those listed above would best be handled by a professional. When hiring a contractor, make sure to verify their professional licenses and insurance. Ask for references and check them. It’s wise to get estimates from at least three contractors so you can compare pricing. Remember however, that quality is more important than cost when it comes to major repairs.
Some repairs are smaller and won’t necessarily cost you a ton of money or time. You may be able to make some of these fixes yourself. We’re talking about changing out old or broken hardware in the kitchen or bathrooms, replacing dated light fixtures or repairing holes in walls and repainting the room.
Of course, first you need to know what the issues are, both large and small. That’s why it’s a good idea to hire a home inspector to come out and take a look. A professional inspector can let you know what might need repair beyond what you can see. You’ll get a list of all items that need repair or replacement and can then make informed decisions about what to do.
If you choose not to hire an inspector, expect that smart a home buyer will. They want to know exactly what they’re getting into. And if there are major repairs to be made, you can be sure they will negotiate with you to either make those repairs before closing or adjust the sale price.
3. Sell a Home As-Is
If you don’t have the time, money, or fortitude to make the necessary repairs to your house, you can sell it as is. In order to do that, you need to let buyers know about the home’s faults. They can still bring in an inspector to make an assessment as well. And then they have the option of buying it in its exact condition and making the repairs themselves.
As you would expect, you certainly won’t be able to sell your house for as much as if you make the repairs yourself. And as already stated, a large number of home buyers in today’s market aren’t looking for fixer-upper projects. Busy people want something move-in ready. The buyer pool for handyman specials is extremely limited. Putting a house like Camille’s on the market in hopes of selling it as-is takes patience. It could sit idle for months before a buyer comes along. Furthermore, if that buyer needs to get approved for bank financing, that could add several more months to the sales process.
Express Homebuyers Buys Houses In As-Is Condition
If you’re interested in selling a house that needs massive repairs, give us a call at (877) 804-5252 or fill out the form here. Because we buy houses for cash, our simple 3-step process is the quickest way to sell a home as-is while avoiding the hassle of real estate agents, repairs, and months of uncertainty. Don’t put it off any longer. Call today!