Are you considering putting your house on the market? You may be questioning if repairs are a must or not. The answer is far from simple – it depends upon which type of selling approach you opt for. In this article, we’ll explore different situations and determine if repairs should be done in each one. Let’s take a closer look at your options in a traditional sale, an auction, and selling to a home-buying company.
Selling your home through a traditional sale is the most popular option available. During this process, you will collaborate with an experienced real estate agent to list and showcase your property to potential buyers while negotiating offers. To ensure a successful sale, it’s best practice to make any required repairs before putting up the listing.
The cause of this is obvious: most buyers are after a house that’s ready to move in. They don’t want to be faced with lots of repairs or renovations upon moving into the new home. If your residence requires significant work, it could make prospective buyers less interested and consequently lead to a lower sale price or longer time on the market.
Selling a house through an auction is another option, although it’s less common than a traditional sale. In an auction, you’ll work with an auctioneer to set a reserve price for your property. Interested buyers will then bid on the property, and the highest bidder will win.
When selling a house through an auction, the condition of the property may be less of a concern than in a traditional sale. In fact, some auction companies specialize in selling distressed properties or homes that are in need of significant repairs.
However, it’s still a good idea to make any necessary repairs before selling through an auction. The better the condition of your property, the more likely you are to attract potential bidders and get a higher price.
Selling to a Home-Buying Company
Selling your house to a home-buying company is another option that’s becoming more popular in recent years. These companies specialize in buying houses quickly, often for cash, and they typically purchase homes as-is, meaning you don’t need to make any repairs or renovations.
When selling your house to a home-buying company, the condition of the property is less of a concern than in a traditional sale or auction. These companies are often looking for properties that need work, so even if your house is in poor condition, you may still be able to sell it to a home-buying company.
Ultimately, whether or not you need to make repairs to your home before selling depends on the type of sale you’re pursuing and the condition of the property. In a traditional sale or auction, making repairs can help improve the value of the property and make it easier to sell, but with a home-buying company like Flow Property Group, you can sell your home quickly and completely as-is.
Come check out our process and learn how you can get your home sold quickly!