The benefits of selling your renovation project to a cash buyer
Selling your home can be headache-inducing. Viewings, Estate Agent fees, and property surveys are both time-consuming and costly. If you’re attempting to sell a house that needs a lot of work, getting your home in showroom condition might not be worth it financially.
In preparation of selling your property, you must be able to answer this question: will I receive more money once I fix a house or should I sell it as-is? If finances are low and major repairs are necessary, the question becomes how do you sell a house when you cannot afford to fix it?
Renovations and Frankenhouses
Making your home attractive to potential homebuyers is necessary to achieve the best sale price. While cosmetic issues – like paint colour, replacing appliances, and relaying floors – are cheap and might not hinder a sale, structural defects are expensive repairs that must be made. Sometimes, the most major repairs are only unsurfaced after a thorough property survey.
When attempting to sell a house fast with repairs, you need to consider the hard-to-find repairs and what it might mean to a buyer. Most buyers aren’t willing to pay the desired asking price as they believe that the items hidden from view aren’t in peak condition.
In many cases, it’s easier to sell a house fast with repairs. But how do you make structural repairs without bleeding your bank account dry? Some sellers use builders. While many builders are equipped to handle minor damage and short renovations, too many have transformed beautiful homes into ugly Frankenhouses.
Frankenhouses are homes that have been badly renovated, include odd eyesores like pipes running through living rooms; and, bedrooms located together like garlic cloves. They offer the buyer impractical floor plans, outdated finishes and awful color schemes. They’re unappealing to the average homebuyer and, thus, stay on the market for longer periods of time.
Using builders to help sell a house that needs a lot of work comes with a steeper price tag and longer time between advertising and completion. Best case scenario: your builder does exceptional work within a guaranteed allotted timeframe. To fix those major structural repairs – like replacing your roof, kitchen, or bathroom – means paying out thousands of pounds before even advertising your home for sale.
Renovating your home with builders before selling can also deter potential buyers. When confronting cosmetic and particular major repairs, homeowners are faced with home-altering decisions. A variety of these improvements are highly cosmetic and, consequentially, require the right individual tastes that can differ among neighborhoods, regions, and time periods dependent on what’s in-style. A feature that you love could be the deal-breaker for a buyer.
Selling with an Estate Agent
So how do you sell your renovation project if making repairs is necessary but the thought of hiring builders and owning a Frankenhouse is unappealing? Many homeowners decide using an Estate Agent and selling their house without making repairs is the only option.
Going the traditional route and using an Estate Agent to sell a house fast with repairs is tough enough; but selling a house that needs repairs, especially major ones, is seemingly impossible for even experienced estate agents.
When selling a house that needs repairs, Estate Agents often suggest lowering your asking price to shorten your home’s time on market. In theory, this is great. The more time a house spends on the market, the more time a homeowner spends paying the home’s utilities, taxes, and insurance. However, your Estate Agent is more concerned with selling and receiving payment than selling your home at top price to the right buyer. Sometimes, using an Estate Agent means giving up your home’s best chance to sell.
Using an Estate Agent also comes with unexpected fees, commissions, and unwanted advice on how to manage your property. You could save thousands by cutting out the Estate Agent!
A Stress-Free Solution
If you’re looking to sell a house fast with repairs by using builders, expect heavy fees, paperwork, and other hassles. If you’re wanting to hire an Estate Agent and sell without making repairs, expect even larger fees, more paperwork, a longer time on market, and other complications due to third-party involvement. But if you desire a simple, stress-free solution to selling your house with too many repairs, consider a cash buyer.
Considering a cash buyer might seem unorthodox, but it’s quite common in today’s market. According to 2012’s Investment Issue of Forbes Magazine, roughly 30 percent of homebuyers used 100 percent cash when purchasing, with some estimating that percentage even higher today.
Accepting a cash offer eliminates many struggles sellers face when trying to sell a house fast with repairs, and especially without them. Cash buyers offer a much quicker completion. This is due to their ability to skip the mortgage process completely. By avoiding banks and mortgage companies, selling to a cash buyer means completing and receiving payment within a week – as opposed to the typical 60 – 90 days. This speed of sale means more money in your pocket sooner.
Cash buyers also provide more stability for sellers. They usually already have access to the funds before making an offer on your home. So when a cash buyer is interested, there’s a sureness around the sale that cannot be matched elsewhere.
Arguably the best advantage to accepting a cash buyer is their desire to buy your home as-is. Homeowners needn’t worry about fixing major repairs, updating outdated décor, or appealing to the average buyer. A cash buyer wants your home just the way it is, and is willing to pay fair market value for it.
So how do you sell a house fast when there are too many repairs? Avoid costly renovations and builders, skip the Estate Agents and their associated fees, and seek out cash home buyers. They offer you more security and money without settling for less.
Sell Your House Fast in Hull, Goole, Skegness, Yorkshire and Lincolnire to K&G Lettings Limited
Instead, why not sell your home to K&G Lettings Limited! When selling a house that needs lots of repairs, K&G Lettings Limited can give you a fast sale and cash. All you need to do is fill out the form to get the process moving. K&G Lettings Limited can make you a cash offer within 24 hours. In just a few days, you’ll be free of your house and able to move on with your life. You’ll have quick cash and can immediately begin prioritizing your financial goals. This is how to sell a house fast in Hull, Goole, Skegness, Yorkshire and Lincolnshire.
Sell Your House to a Cash House Buying Company
Another option is to sell your house to a house-buying company. This gives you the best of both worlds! You won’t have to worry about any repairs, you save on estate agent costs and you can receive a quote in just 24 hours.
K&G Lettings Limited buy houses in Hull, Goole, Skegness, Yorkshire and Lincolnshire. We work fast to get you a no-obligation cash offer for you house within 24 hours. Your house can be sold in a week!
Our customers comment all the time about how they prefer our approach. You won’t get a hard sell with us. If you are not completely satisfied with the offer we make to buy your house, you don’t have to accept it. No charge. No fees.
We’d love to talk to you today about the house and your situation. We’re here to help even if you decide not to sell your house.
Give us a call at 01482 961961 or fill out the form below to get started. We look forward to talking with you.
