Do you need to sell a house that needs repairs in Greenville, but feel inundated by mounting bills and holding costs? Is your time to sell limited by foreclosure and eviction proceedings? Having trouble doing the work yourself or pockets too shallow to afford some professional help getting your house up to market listing standards? There are other options, read on to learn more about how to sell a house that needs repairs in Greenville.
Sell As-Is
To sell a house that needs repairs in Greenville, you could market the property without completing any repairs, this is called selling the property in “as-is” condition. Repair costs are usually factored into the offer with “as-is” sales, so there will be no obligation to credit towards the repairs as a contingency of the sale. It’s no secret that buyers expect a somewhat bargain price when they look at homes that need repairs, so prepare yourself mentally to take a loss. Since most buyers will require an inspection, it would be a good idea to have your own inspection and appraisal done so you know roughly how much the repairs should subtract from the market value. This way you will be fully prepared with financial facts at the negotiating table. Regrettably, lenders have standards for homes and require inspections and appraisals, so your pool of buyers is limited. Above all, be honest about everything, disclosure in real estate carries legal risks for you as the seller.
Make the Repairs
Another way to sell a house that needs repairs in Greenville is to have a professional inspector walk the property and list any necessary repairs and fix them, this would allow you to list the property at full market value in the hopes of selling for max profit. You will have to get estimates from at least 3 reliable contractors so you can paint a realistic picture of what you’ll go through. This will be a time and money-consuming process. Because surprises may arise that could add thousands of dollars more to the process, you should include a buffer for these unknown issues being discovered. A buffer of 10 percent above the known work estimates should suffice to keep these issues from catching you off guard. You should also allow a buffer of time when you are making your plans, it is very easy for work crew schedules to get off track, causing delays down the line like dominoes. While there may be an average number of days on the market, there is no way to know ahead of time when or if the property will sell, so be certain you can afford to hold the property as well.
Direct Sale
Sadly, should you attempt to sell a house “as-is,” many buyers are immediately turned away, preferring homes in move-in condition, this could mean even more time sitting on the market. After you have trudged through the aggravations, headaches, and expenses of making repairs, there is no closing date awaiting you at the end of it all. There isn’t even a guarantee the home will sell. The easiest way of all to sell a house that needs repairs in Greenville is a direct sale. Because professional buyers, like Pitt Home Buyers, buy homes in “as-is” condition, you do not even need an inspection. With a fast closing date, usually within a week, and a guaranteed sale, professional buyers like Pitt Home Buyers help you solve your problems quickly. By making a direct sale to Pitt Home Buyers, you won’t need to worry about insultingly low offers. Pitt Home Buyers takes all the risks, letting you forget all about the concerns of disclosures, the headaches of showings, or losing time and money on making repairs.
Are you ready to sell a house that needs repairs in Greenville right now? We will do all of the work while you are enjoying your earnings! Why not make the wise choice and start working with Pitt Home Buyers? Just send us a message or call Pitt Home Buyers at (252) 227-0274 today!