Selling a House That Needs Repairs

If you want to sell a house that needs repairs, you have two options. You can either make the necessary repairs to list the house, or you can sell as-is to a home buyer. Your decision may be affected by a few factors, including how much the repairs will cost, what needs to be repaired, and potential buyer interest. 

How Much Will House Repairs Cost?

If you're considering listing your house, be careful estimating how much repairs will cost on your own. You may underestimate the amount of work needed by thousands of dollars. Potential fixes include: 

• Water damage or drainage issues 
• Mold 
• Foundation cracks
• Curling shingles 
• Single-pane or fogged windows
• Damaged or faded siding 
• Peeling paint

If the cost of repairs is too high, contact us for a fair cash selling price. There's no repairing, upgrading, or prepping required! 

Do You Have to Fix Everything Before Selling Your House? 

The most important part of selling a house that needs repairs is knowing what needs to be fixed. 

While buyers may forgive some cosmetic issues, they won't overlook major repairs. If you choose to list a home that you have lived in at any time over the past three years, you are legally obligated to disclose all known issues with buyers. 

In addition, generally all retail buyers will get a home inspection after signing a contract and before closing. Today's home inspectors will point out every minor detail wrong with your house. If even the smallest items need to be fixed, it will scare off most retail buyers who are generally unwilling to accept any repair risk in the transaction. Therefore, if you start fixing items in your house to get top dollar, you will have to get all issues 100% completed.

What Are Buyers Looking For? 

When assessing your home, consider what buyers are looking for. A modern home may include: 

• New appliances
• Modern cabinets 
• Granite countertops 
• New carpet 
• Hardwood flooring

If the housing market is moving fast, buyers might be willing to look at your property, however, a house that needs repairs and lacks a modern look is often looked over or ignored entirely. Plus, if you end up making all the necessary repairs and updating the home's aesthetic, are you confident you'll get your money back when you sell the house? 

How Much Repair is Too Much When Selling Your Home in Tennessee?

We rarely buy homes that need less than $10,000 in repairs. Usually, the houses we buy require $50,000 in repairs or more. 

You might not have that kind of cash on hand, plus repairing your home also means making sure you aren't taken advantage of by shady contractors. Instead of dealing with the potential risks and unknowns of making major repairs to your home, let us handle everything for you.