If you have been thinking of selling your home and dreading all the costly repairs that need to be done before you sell, you may wonder what it would be worth selling “as is” versus paying someone to do the repairs.
Should I fix up my house or sell as is?
You know that if you fix up your home to sell you’re going to benefit from a higher price and a quicker sale. However, there may be times where making updates or repairs may not be the best option for selling your home and bringing you the return you are expecting. Before you get started painting and hiring a handyman for those repairs, here are some questions you should ask yourself to understand whether selling “as is” or repairing is the right decision.
First off, is your home’s condition so far gone that you would have to spend tens of thousands, or a hundred thousand, to get the home in move-in condition? Are there foundation problems, or serious layout issues that would hamper the sale? Are there unpermitted additions that make up a substantial portion of the home? Who are the buyers looking in your area and what are their expectations? How is the market in your neighborhood and general area? Are there many homes for sale, and how do they relate to your home? These are the questions you would want to have answered before spending any money to sell your home, and questions that any good real estate agent can help you answer.
