How to Sell a House That Needs Repairs

When it comes to selling your home, just like every homeowner, you want to list the property, sell it, and move on to a new chapter of your life as soon as possible without any stress. But what if your home needs repairs?

Selling a house that needs repairs doesn’t have to spoil your plans from moving quickly. This post covers a few ways to sell your home, even if it needs repairs.

How Much Does It Cost to Repair a House?

The cost of home repairs can vary widely depending on the nature of the repairs, the age and condition of the house, and your location. Regardless, major repairs can be costly. 

For example, the average cost of replacing a roof is around $8,500, while foundation repairs can run anywhere from $5,000 to $15,000. And that’s not to mention the cost of less extensive repairs, such as plumbing, electrical work, or HVAC upgrades.

These costs can quickly eat into your savings or put you in a difficult financial position. If you’re not prepared to shoulder the financial burden of repairs, selling the house as-is is the more practical 

6 Ways To Sell a House That Needs Repairs

If you’re looking for ways to sell your house that needs repair, here are ways that you can go about it:

1. Sell As-Is

Selling your house as-is can be better than going through repairs or renovations. When you sell your home in its present condition in the real estate market, it implies that buyers should not expect any repairs.

Clearly communicating the house’s existing conditions is crucial when selling it as-is. Whether there are electrical, plumbing, or other issues, buyers should know about any existing problems.

Withholding information about house issues from the buyer is ethically wrong and against the law. 

Penalties for non-disclosure can vary between states, and serious legal consequences may follow if you sell a house without disclosing its issues to the buyers. 

2. Get an Inspection

Before selling a house, getting a home inspection is essential, whether you’re selling it as-is or planning repairs and renovations. In the case of selling as-is, involving a home inspector early on is advisable.

A professional inspector will perform a comprehensive analysis of your property. While you may be aware of certain issues, a professional inspection provides more details you could’ve missed.

3. Understand Your Buyers

After discovering the condition of your house, your next focus should be marketing. Marketing involves increasing your house’s visibility to those who can buy it quickly and at a reasonable price. 

If you’re willing to sell off your house with repairs, here are three major buyers you should market to:

Deal Hunters

These are mostly families that are willing to stay in your neighborhood. Some may even want their kids to enroll in a school around your neighborhood. The downside here is that most of the houses they are willing to buy are mostly above their capacity or price range.

If your house has minimal repair issues, deal hunters may be the perfect market for you. Since they can’t spend much, getting them to invest in a home needing many repairs may be difficult.

Home Investors

These individuals are willing to buy your home and completely renovate and repair any damage. They want to renovate and sell it quickly for a higher price. 

These people are profit seekers and will always look for a good deal. But, it may mean that they would not pay so much for your house because they’ll need a lot of money for renovations.

These buyers are the perfect people to market to for as-is sellers in every way. They’re ready to buy your home even if it needs renovation and repairs—whether minor or major.

Remodelers

These sets of people are a mixture of deal hunters and home Investors. These buyers usually have the money and necessary means to buy a home but are always ready to wait for the right deal.

If your home needs more than just minor repairs, then this set of buyers can be the ideal market for you. They are always ready to do the work and can buy your home if it’s in a location they love.

4. Set Your Price Realistically

After identifying the issues your house faces and determining your target market, the next step is to discuss the price for your home. 

Before naming a price, conduct a thorough research by checking how others selling their homes as-is are pricing theirs. Consider key features like the number of rooms.

5. Focus On the Positives When Marketing

Once you’ve identified your target audience, focus on highlighting the positive features of your home. Emphasize any electrical or structural repairs you’ve done to be transparent about the property’s condition. 

Whether it’s a spacious layout, scenic views, or potential for customization, highlight these features to capture buyers’ interest. 

Successful marketing involves presenting your home as not just a property with challenges but one that holds value and potential.

6. Take On Minor Repairs You Can Do Yourself 

If a prospect is still contemplating buying, you can make DIY fixes to hasten the process. For example, replacing carpets, painting rooms, and changing door hinges can go a long way.

And if you can’t make these repairs, you can look for other forms of value to offer. You can offer to help them clear out old furniture or appliances before you leave the house.

Sell Fast and As-Is With Grandview Homes

What if you could skip all the steps above and sell your home hassle-free? Selling a house needing repairs doesn’t have to be a cumbersome process. You can sell quickly and as-is with Grandview Homes.

You don’t need an inspection, and you’ll get a fair cash offer in less than 24 hours.

Reach out to us today and get a quote for your property.

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