Before you decide to sell your home just as it stands, you've got to be aware of a few things. Selling a fixer-upper is not without its complications, and the best thing you can do is avoid confusion between you and a potential buyer. Here are some tips:
Even if you don't plan on making any repairs, you should have the home inspected. Knowing exactly what is wrong with the home will allow you to alert a potential buyer to the things that need repair. Providing full disclosure can quicken the selling process and keep you out of hot water later.
2. Get Estimates
Once you know what is wrong with the home, gather estimates from reputable sources for the repair work. This way, you will be prepared to show the buyer exactly what it will cost to make things right.
Once you've gathered the estimates, it may make sense to have a few of the repairs made before you list your home. Speak to your real estate agent for guidance. Buyers are typically aware to take care of some things on their own, but they may balk at having to undertake large jobs.
4. Asking Price
You know what your home is worth, but that worth is assuming it is in good shape. Before you set your asking price, take into account the cost of all the repairs that are needed.
5. Be Open
When a buyer sees "as is," they will naturally worry. Answer questions that are asked. Remember that the person you are talking to is already willing to take a look at your home and is probably considering buying it.
Selling home doesn't mean that you have to spend thousands for necessary repairs. It doesn't even mean you have to paint your walls or stage your rooms. Selling can be done "as is" when you do it right. For more information about selling your Monticello home, reach out to our experienced real estate agents - we are here to help you.