Selling a house that needs repairs in Massachusetts can be difficult. Let’s face it, buyers want a perfect house that they can move into right away. Unless you happen to find an investor that wants a fixer-upper, you might get lucky, but then you may not get what you want for the home.
So what are you supposed to do? We outline your options below.
Prioritize the Big Repairs
If your house needs major work, make a list of what needs fixing. Think of only the major things right now. How do you decide what’s major? Anything structural, obvious, or that an inspector may notice is major. Also, consider items that cause a safety issue or other hazards.
Think of things that would prevent any buyer from buying your home. Cosmetic issues and minor repairs are things buyers can handle themselves. If they don’t want to, they may ask you for a small credit and that’s fine. But big repairs, they probably won’t accept – they’ll want them fixed or they could end up not buying the home.
Keep in mind that making large repairs, but costly, will help you ask more for the home. In other words, you’ll likely make a larger profit if you go ahead and make the fixes. Not only will more buyers want to see your home, but there may even be a bidding war for it, bringing the price even higher.
Make a Few Small Repairs
If you still have money left over after you make the big repairs, think about making some small ones too. This could be cosmetic changes, increasing your home’s curb appeal, or simple repairs. Think of the repairs that are the most cost-effective and that offer the most return on your investment. For example, increasing your home’s curb appeal helps you sell your home faster and possibly for more money. It’s best to focus on small repairs if you’ve handled all of the large repairs or are prepared to give the buyer a credit for any large repairs needed.
Market Your Home in Massachusetts Right
Here’s what it all comes down to – the marketing. You don’t need to advertise your home as a fixer-upper, but you do need to ask the right price. You’ll send buyers running if you ask the going market price in the area for your home only for them to find out that it needs a lot of repairs. Talk with a professional realtor or appraiser and see what the home should sell for given its current condition.
Consider Selling Your House As-Is
There’s always the option to sell your Massachusetts house as-is too. If dealing with the major and minor repairs is just too much for you to think about right now, consider a cash home buyer. You won’t have to deal with a buyer telling you what to change or they are going to back out on the deal. You also won’t have to worry about giving numerous credits and walking away with much less money in your hand than you thought you would.
While you’ll need to tell a cash buyer what repairs are needed on the home, it won’t affect their decision to buy the house. Cash-buyers, like us, come in and see the home. We evaluate its condition and what it needs and we make a cash offer. You don’t have to worry about passing an inspection or an appraisal – we buy houses as-is, taking the pressure off of you to fix up the home.
It’s up to you how you want to sell your home that needs repairs in Massachusetts. If you think you can sell your house on your own, go for it, but be prepared to make a lot of repairs and/or concessions with the buyer. If you’d rather not deal with it, give us a call at 781-309-7085. We’ll happily come out and see your home. After we give you a fair cash offer, you can decide what to do. If you do want to move forward, we’ll buy your home within two weeks, giving you the cash in hand that you desired without any of the headaches selling a house that needs repairs can cause.