Selling a home fixed up or as is?
In today’s market, sellers are faced with many challenges and uncertainties regarding the ability to sell their home fast and efficiently. One of the reasons has to do with the fact that buyers are looking for bargain properties at bargain prices because they watched the nightly news telling them houses are going for pennies on the dollar. Understand that the market is uncertain and making the decision to sell your house fixed up or as is may be a crucial decision.
Here are a few questions that you may want to ask yourself when deciding to fix up your house or sell it as is.
Will the cost of the proposed improvements increase the home’s market value enough to cover the repair costs? Some improvements will not increase your homes value. For example, a new roof may not do anything to a homes value when you compare it to adding an addition or more square footage. Researching your home’s top market value is critical. You should never invest more into your home than what it is worth or what it will appraise for when someone makes the purchase.