Should you spend some money and fix up your home before you list your home for sale, or is it best to sell your home “as-is”? Anas Tayour explains the differences between each option!
When it comes to selling a home, every situation is different. When a seller sometimes is in a distressed situation, such as going through foreclosure, being in a divorce situation, or having an unfortunate death in the family, these sellers need to sell quickly. So it would make sense if they sell a little bit below market value in exchange for the convenience and the speed of the transaction. These homes usually end up going to a local investor that’s going to take on the project, put on some work into the property, and then put it back on the market for fair market value. If you find yourself in a situation like this, reach out to me, I work with some of the best investors in town that will give you a cash offer and we close as fast as five days.
On the other hand, if you are not a distressed seller, and you’re just wanting to sell your home, there are a few things to consider.
- First, study your market. A real estate professional can help you have a clear understanding of your local market and help you gauge the demand for a house like yours.
- Second, get an inspector. If you’ve been living in the house for over 12, 15 years, there might be some significant improvements you need to do to your home. You’re thinking the electrical system, plumbing, foundation, roof, siding, you name it. The inspector will give you a clear idea about what needs to be done, what needs to be changed, and if your home is up to current code standards. And remember, most home buyers are using a lender to finance and buy their property, so if there are any structural issues with the home, a lender will never sign off on that loan until they see that those issues have been addressed and everything’s been taken care of. So be prepared.
- Third, let’s say you want to do some cosmetic repairs to the house, you’ve got to be smart about what you’re choosing. Today I’m going to give you three top tickets that would give you the highest return on your investment.
- The first one is the flooring. You’d be surprised and amazed at what a brand new carpet or refinished hardwood floors will do to the value of your home.
- Second, kitchen and bathrooms. Installing brand new countertops and new cabinets will add tremendous value to your home. Sometimes you can get away with just repainting the cabinets and adding brand new hardware, and boom, you get your return on your investment instantly.
- Third, the windows. I notice that today’s clients and home buyers, all want dual pane new windows. So if you can afford it, go ahead, you won’t regret it.
But before you go ahead and do all these improvements, please study your market. Look at what’s been sold for the past six months to a year, and pay close attention to the finishes that have been done to the house in order to get that price point. Often times it’s way better and more beneficial for you to price the home well, price it just right to sell, and let the buyer figure out the finishes, and figure out the colors they want to put in the bathrooms, their kitchens, and their countertops. S
So with that being said, if you’re considering selling your home, give me a call, let’s get together and figure out the best options for you. My phone number is 619-757-0191.Search Homes For Sale in San Diego