Selling a House in Poor Condition: What You Should Know

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If you’re planning to sell a home in poor condition, there’s no one-size-fits-all solution. But there’s some good news too: You have plenty of options to consider.

Before committing to a course of action, it’s crucial to consider three factors:

  • How bad your home’s condition is
  • How quickly you need to sell
  • Your financial goals

If you’re planning to sell a home in poor condition, there’s no one-size-fits-all solution. But there’s some good news too: You have plenty of options to consider.

Before committing to a course of action, it’s crucial to consider three factors:

  • How bad your home’s condition is
  • How quickly you need to sell
  • Your financial goals

Overall, homeowners who can afford to make repairs before listing their homes will generally net the most profit. But there are also options available for those who need to sell fast or who don’t want to make repairs.

If you’re feeling overwhelmed — or just want an expert’s opinion — schedule a call with a beycome expert who has experience selling homes in poor condition in your area.

 

Selling “as is” can cut upfront costs — but you’ll usually sell for less

Many homeowners whose property is in poor condition decide to sell in “as is” condition. This means that the buyer will agree to purchase the home without any repairs or repair contingencies.

An as is sale can drastically reduce the stress involved with selling a home in poor condition. You won’t have to spend thousands of dollars on repairs — or wait for months while contractors chip away at your to-do list.

However, this convenience comes at a price. Buyers who are willing to purchase a home as is expect bargain pricing since they are agreeing to take on all of the repairs themselves.

 

Should I make repairs before selling?

The truth is: it depends.

We spoke with experienced real estate agents who help their clients weigh the pros and cons of investing in repairs. They agreed that the best repair option will depend on a number of factors, including what’s standard in your neighborhood.

In general, repairs can be worthwhile when they bring your home up to the standards buyers expect in your area. For example, if every comparable listing has a kitchen that’s been updated in the past five years and yours dates back to the 1970s, an upgrade may help you compete.

If your home is uninhabitable in its current condition — for example, if it has a cracked foundation or faulty plumbing — a typical buyer may not be able to secure financing to buy it. These major repairs come with a hefty price tag, but they can dramatically expand the pool of potential buyers.

Hypothetical scenarios aside, your budget will ultimately dictate which repairs you can actually afford to complete before attempting to sell your home.

 


 

Want to sell your home faster AND save on commission fees? Beycome can show you how to sell your house without realtor fees.

For information on selling a home without an agent or how to sell a home with beycome, give us a call today at 844-239-2663 📞

beycome is a flat-fee MLS listing service that is disrupting residential real estate, by helping people to buy or sell a home without needing a real estate agent. The technology behind the beycome platform brings buyers and sellers together, providing the tools and resources to empower people to be their best DIY agent. The platform offers buyers up to 2/3 commission cashback on their purchase and allows sellers to list their properties for a flat-fee, saving them up to 6% in commissions.

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