You’ve come to the conclusion that it might be time to sell your house in Massachusetts and are concerned about the significant amount of damage it contains. If you don’t have the time or funds to make repairs, here are 6 steps for selling your house in Massachusetts.
Sell Your Home “As-Is”
Listing your home “as-is” notifies the buyer that you will not make any renovations or repairs prior to selling the home. The buyer will sign a contract to demonstrate understanding and commitment to this agreement. This is a straightforward way to sell your home and avoid having to put in the time or effort towards significant renovations. Be advised that there might be a negative connotation associated with your listing, and it could attract fewer buyers. However, there may be a real estate investor willing to purchase your home. An investor could see your house as an opportunity for a “fixer upper” or to demolish and rebuild.
Get an Estimate for Repairs
You may have already decided you want to sell your home “as-is,” but it never hurts to seek out a free estimate and use it to create a financial plan. You may find there is room in your budget to carry out at least some of the renovations, putting you at a greater advantage in negotiations. It might also be recognized as more promising to a buyer if there has been some initiative to improve the home. At the very least, you will have a greater understanding of the cost to repair the damage of the home, which could help when settling on a listing price.
Inspect and Disclose Everything
In the state of Massachusetts, you will be legally obliged to truthfully answer any questions related to the condition of the home. You are not required to freely disclose knowledge about damage to the home, but it is also against the law in Massachusetts to intentionally cover up any defects. In addition, a real estate agent may be held to a greater standard of revealing information. It is best to be open and honest about the condition of the home. This will also put the buyers at ease and make them more likely to follow through with a purchase.
Make Your Home More Visually Appealing
While you may not have time to tackle major repairs before you sell your home “as-is,” there are minor improvements that can make a home more attractive to buyers. Small details such as fresh flowers, lawn care, a touch of paint, or deep cleaning the home will make your home more visually appealing (Check out our article on home staging in Massachusetts). This could cause your house to be perceived more favorably to the buyer. Be wise about the cosmetic improvements you make. You don’t want to spend time and effort on a project that doesn’t add aesthetic value or will be destroyed later when making repairs.
Entertain All Offers
You can expect buyers to “low-ball” you when negotiating a price. Selling a house “as-is” in Massachusetts may cause potential buyers to view you as desperate to sell the home. They will likely submit offers under market value. As a seller, it is important to recognize the situation and entertain all offers, even the ones that seem lower than what you initially preferred. Take each offer into consideration in order to make the best decision for you and your circumstance.
Sell Your Home Directly to a Cash Home Buyer
The quickest and easiest way to sell your home in Massachusetts is to seek out a professional home buyer. A professional home buyer will have significant experience with buying homes in any condition, including those with damage. Selling your house to a home buyer will allow you to avoid listing your home or working with a real estate agent. You will even be able to bypass the need for a home inspection or making cosmetic improvements. Most home buyers will submit a cash offer with a quick closing timeframe. If you want to avoid the real estate process or are looking for a less stressful option, selling your house to a professional home buyer may be the way to go.
At Pavel Buys Houses, we will pay cash for your home, whatever the condition! We are committed to offering you the best price from the beginning with no low ball offers. Our home buying process is fast and simple. You will even have the opportunity to choose a closing date that works best for you. To get started, contact us today!