Are you thinking of selling your home 'As-Is' and making no repairs. Sometimes homeowners think this is the way to go in a Sellers market. After all, there are more buyers than sellers, right?
You may want to think twice about it. In fact, consider the following facts under those circumstances.
Have you ever sold or traded a car? Of course you have. What did you do right before this transaction? Did you wash and clean the interior beforehand? I bet you did because you knew it was the best way to attract the best offer! Why would you treat your most expensive asset any differently?
Home shoppers are looking for move in ready homes and the more they find wrong the less money they are likely to part with, that is if they are even willing to make an offer.
In many cases it is more cost effective to make repairs that will bring in a higher price. Otherwise, do not be offended if you receive rock bottom offers.
Also, FHA loans which are a primary source of loans for first time home buyers and they require certain repairs be made prior to closing. You could possibly eliminate first time home buyers as possible buyers if you insist on selling 'as-is', The other possibility is the buyer needing more in closing costs because they can't get an FHA loan.
We understand that some sellers are cash strapped and can't make repairs. This will just force us to be creative with pricing.
But if you can make cosmetic changes, I urge you to make them. It is money well spent. If you or someone you know would like to talk further, please call or text me. Roby 704 Four 51-Seven 051
Roby Robertson- Ask Me About New NAR ruling and negotiating commissions!
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