What if I Need To Sell a House That Requires Work? Exploring Your Options

Here are your two main options when selling a home that needs work.

Today, I'm here to address a frequently asked question: What should you do when you own a property that needs substantial repairs? Whether it's an estate in need of refurbishment or deferred maintenance, the dilemma of whether to invest in renovations before selling often arises. Let's delve into two strategies and suggestions to guide you through this situation:

1. Price lower to attract buyers. When selling a property in need of work, it's crucial to factor in the asking price based on its current condition. Note that buyers usually think repairs cost more than they actually do. As a result, you might need to make some major adjustments to your previous price.

2. Make fixes to sell for more. Consider focusing on cost-effective improvements that can yield substantial returns. These are instances where a small investment could result in a significant increase in your property's value. Our expertise often identifies opportunities where implementing specific enhancements—what I call "spending a nickel to get a dollar"—not only recovers your investment but also accelerates the sale process. As part of our consultative approach, we recommend these strategic improvements before listing your property.

"It might be worth it to invest in your property before selling."

Additionally, we offer the "Help Program," a beneficial initiative that facilitates financing for necessary repairs. For instance, we recently assisted a seller with funding an entire flooring replacement before listing. This program allows us to cover renovation expenses upfront, with our compensation coming at the closing.

If you're curious about the Help Program or seek expert advice on selling your property without being merely pushed to list it, I am here to provide insights tailored to your unique situation. Just call or email me; I’d love to help you out with whatever you need.