Updated: Nov 8
There's no question that selling a house that needs repairs can be a challenge. Whether you're facing significant damage from a natural disaster or simply dealing with the wear and tear of everyday life, making the necessary repairs can be expensive and time-consuming. And if you're like most homeowners, you don't have the spare cash or extra time to invest in fixing up your home before putting it on the market.
Fortunately, there are options for selling a house that needs repairs. While a traditional sale may not be possible, there are still ways to sell your home fast for cash. You can sell your home to a cash buyer or an investor, or you can make the repairs yourself and sell your home on the MLS. Each option has it's own pros and cons and its up to you to see what works best for your situation.
List Your Home With an Agent “As-Is”
One of the most common ways to sell a house that needs repairs is to simply list it with an agent “as-is”. This means that you are selling your home in its current condition, without making any repairs or improvements.
There are a few benefits to this option. First, you don't have to worry about making any repairs or dealing with any potential issues that might arise from them. Second, you won't have to spend any money on repairs or improvements. However if your home is in a particularly bad state of repair, it may be difficult to sell it to a traditional home buyer as many people are looking for a move in ready home or a house with minimal repairs needed. This option can be time consuming as you really do have to find the perfect buyer willing to take on the project.
Complete the Repairs Yourself and List Your Home on the Market
Another option is to complete the repairs yourself and then list your home on the market. This option can be expensive as you'll have to pay for all of the necessary repairs and improvements, but it can also be a good investment as you'll be able to sell your home for more money. Additionally, this option can be time-consuming as you'll need to complete all of the repairs before listing your home.
If you're considering this option, it's important to get accurate estimates for the cost of repairs before making any decisions. Once you have a good idea of how much it will cost to fix your home, you can compare that number to the potential increase in value from completing the repairs. If the repair costs are significantly higher than the potential increase in value, it may not be worth it to complete the repairs yourself.
If you are selling a house that needs repairs and want to sell your home quickly, we can help. At Atlas we buy houses as is for cash and can close on your house in as little as 7 days.
Hire Somebody to Make the Repairs For You
If you don't have the time or money to make the repairs yourself, you can always hire somebody to do it for you. This option will still be expensive as you'll have to pay for both the cost of the repairs and the cost of labor, but it can be a good option if you're short on time.
When hiring somebody to complete the repairs, it's important to get multiple estimates and to check references. You want to make sure that you're hiring a reputable contractor who will do a good job and who won't overcharge you for the work.
Find a Cash Buyer and Sell Your Home As-Is
One of the best options for selling a house that needs repairs is to sell it to a cash buyer. Cash buyers are investors who buy homes “as-is”, meaning that they're willing to take on the repairs themselves. This option is ideal if you're looking to sell your home fast and for a fair price.
When working with a cash buyer, you won't have to worry about making any repairs or improvements to your home. You also won't have to worry about finding a qualified buyer who's willing to take on the repairs. And because cash buyers typically close quickly, you can sell your home fast and get cash in hand quickly.
If you're considering selling your home to a cash buyer , it's important to work with a reputable company, you want to make sure that you're working with a legitimate cash buyer who's interested in buying your home.
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Market Your Home As a “Fixer Upper” to a Local Investor
If you're not interested in making any repairs yourself and you don't want to sell your home to a cash buyer, you can always try to sell it to a local investor. Investors are typically willing to buy homes that need repairs, as they're looking for properties that they can fix up and sell for a profit.
This option can be a good option if you're looking to sell your house fast, as investors typically close quickly. However, it's important to keep in mind that investors will usually offer less than what your home is worth because they're taking on the cost of repairs themselves.
There are a lot of options for selling a house that needs repairs. The best option for you will depend on your individual situation. If you're looking to sell your home fast and for a fair price, then selling to a cash buyer is probably your best bet. However, if you're not interested in making any repairs yourself and you're willing to sell your home for less than it's worth, then selling to an investor might be a better option.
Whatever you decide to do, make sure to do your research and compare your options before making a decision. With a little bit of time and effort, you should be able to find the best way to sell your house fast.