Have you been thinking about selling your home? Also, have you asked yourself “can I sell my house fast in Meridian?”
It’s a big decision and one that can be difficult to make. Moreover, there are many factors to consider, such as the condition of your home, how much it will cost to fix up or if you should sell it “as-is.”
But don’t worry.
We’re here with some helpful tips on what’s best for you.
You want to find out which option is right for you so that you can get back on track with life and move forward in the direction of your dreams. That’s why we’re going to talk about all the benefits of each option and how they might affect your bottom line. And we’ll also share our expert advice on getting a fast cash offer for your house! Let’s dive in.
Keep reading to learn whether you should opt for selling a house that needs repairs or to sell as-is.
What Is Selling a Home As-Is?
Selling your home as-is is a strategy to sell your home without making any repairs. Moreover, you won’t agree to or negotiate any repairs before closing.
Going with this strategy is excellent for you who lack the money and resources to repair your property. However, this is usually not the best option for most homeowners since potential buyers will want their home to be in good shape before they buy it.
Benefits of Selling Your Home As-Is
Selling your home as-is can be an attractive option for many homeowners. The average homeowner spends at least $10,000 on staging their home, and it’s not always a guarantee that they’ll sell their home quickly or even at all.
If you’re looking to move because of a job relocation or just want to change things up in your life, selling your house that needs repair without the hassle of staging may be worth considering.
Here are some practical benefits that you should consider when thinking about how you might like to move forward with selling your house:
- Costs less: no need to spend money on repairs or renovations
- Lower costs: no closing and inspection fees, escrow fee, title insurance, survey taxes (for some states)
- Save time: that you can invest elsewhere
- Less risk: reduces problems after you sell your property if the home is as it should be initially
- Less stress
- Avoid the hassle of going through home inspections
- Magnets for all-cash house buyers
- You might qualify for seller financing and avoid paying in full
Benefits of Fixing Up Your House Before Selling
The benefits of fixing up your home before selling are varied. Home improvements can increase the value of a property and make it easier to sell and less costly in the long run.
Fixing up your home before listing it for sale has many benefits. You can list the property as “newly renovated” or “recently updated,” which will make potential homeowners feel like they are scoring a good deal on an attractive house.
Moreover, a new paint job and fresh carpet may do wonders to help you get more offers and sell faster.
Some other benefits that come with fixing up your house before selling include:
- Enhances the competitiveness of your home
- Will raise the value of your home due to renovations
- A great way to re-ignite your listing
- Eliminates buyer objections: some of these include overgrown gardens, broken fixtured, cracks in the wall, and outdated decor
However, if you have already purchased another place that is ready for occupancy, fixing up your current home to resell could be too much of a hassle and cost money that would otherwise go into furnishing your new space.
Fixing up also won’t necessarily lead to an increased selling price because there’s only so far you can bring down the average age of your property.
Negatives of Fixing Up Your House Before Sale
Your house will be more expensive to purchase if it needs work before sale. It would be best if you considered the cost and time involved in fixing up your home, as well as a potential buyer’s hesitations about buying an “as is” property.
Moreover, many factors go into creating a comfortable living space for someone else, such as building design, color schemes, decorating ideas, etc., which can make it challenging to create something perfect.
Other negatives that go with making repairs before selling your house include:
- Costly: requires an immense upfront investment to raise the attractiveness of your home
- No guarantee on returns: there is no guarantee that you will get back more than what you put in
- Time-consuming: substantial repairs can take weeks
One of the most significant challenges you may encounter while trying to fix your existing home before selling it is finding contractors who specialize in homes with certain structural or electrical components that need repair.
What to Fix Up Before Selling Your House in Idaho
If your house isn’t in the best shape, you should give it a bit of tender loving care (TLC) before selling to make sure that the next homeowner will be able to enjoy it.
Remember that if you don’t do any work on the property, there’s no guarantee that whoever purchases your home won’t have to spend their own money anyways!
The best thing about doing some repairs and renovations is that they might help boost its market value or leaseability, resulting in an even higher price when sold.
When fixing up your home, you will want to focus on minor and cosmetic repairs in addition to features that could reduce house maintenance for potential buyers for a while.
Some of what you may want to consider fixing includes:
- Front yard makeover: clear weeds, overgrown gardens, and tidy up your walkway to enhance curb appeal
- Update your plumbing: consider fixing faucets and repiping your plumbing to prevent leaky pipes that could cause water damage before selling your home
- HVAC replacement: an excellent selling point because a new HVAC system can show your home has energy-saving potential
- Remove popcorn and paneling: replace old wood paneling and popcorn ceilings
- Replace other parts of your home like light fixtures, front doors, and wood floors (if any)
For your house to be in the best shape possible, you’ll need a home inspection.
Differences When Selling a House As-Is vs. After Fixing It Up
If you are pondering whether you should put your home on the market, it is essential to decide whether you want to fix up or improve your home to make it more attractive for buyers.
There are a fair number of factors that you might want to consider when deciding on how much work your home needs before putting the house on the market:
- The difference between an as-is condition and one that has been fixed up can affect the price you sell for.
- After fixing it up, if you are selling your property, know what improvements it needs to get a better sale price.
- Even if you sell as-is, you may want to replace windows or appliances before listing on the market to make more money when it sells.
- It might also be worth getting other professionals involved, such as cleaners who remove old stains from carpets or curtains so that they look nicer.
When selling your home as-is vs. selling it after fixing it up, you save time, money and don’t stress as much. However, you likely don’t have the means to make as much money as you could—unless you’re in a hot location.
Selling As-Is vs. Selling to a Cash Home Buyer
When deciding whether you want to sell your home as-is or to a cash buyer, you first should understand the goal of companies that buy houses in Boise and real estate agents.
A realtor wants to sell your home for prices comparable to homes similar to yours that were recently sold on the market. Moreover, they will use Multiple Listing Services (MLS) to achieve these goals.
Conversely, this tool may force them to lower your home’s price before you could potentially get an offer. Moreover, this process (at best) may take at least a couple of months—likely longer.
However, unlike real estate investors, with home cash buyers, the goal is simple—find a property for a fair asking price and buy it. They’ll assess their needs based on the number of improvements your home needs. Moreover, they ensure quick sales and a reasonable return on investments.
There is a third option, selling your home yourself, which would mean you don’t have to deal with listing agent commissions, and you have full control over the entire process. However, it requires a lot more work and will likely cost you more money if you’re not careful.
Therefore, selling a house fast by owner will not be the best route to take if you want quick results.
When selling your home as-is, you allow the buyer to purchase it in its current state. Moreover, selling your home without fixing it might be a better option for you looking for a quick sale or who need to move quickly and don’t have time to fix your home before you put it on the market.
If you’re considering fixing up your house before listing it, weigh both options carefully based on location and what buyers typically look for when buying property in Idaho. Moreover, if you are looking for a cash buyer, we buy houses in Idaho.