A demanding divorce, bankruptcy, or moving to another country are some situations that force you to sell your house immediately. But can you consider selling it in “as is” condition? Can you benefit from selling your home without renovations? The answer is yes. There are multiple benefits of selling your home immediately to an investment property buyer.
Table Of Contents
1) You Save More Money
The foremost benefit of skipping home renovation is the extra money you will save. You may obtain a quote before a home renovation and decide to go ahead with it.
However, renovation projects face multiple obstacles such as increased material costs, structural issues, delays due to bad weather, etc. In most cases, cost overruns are very common. When you sell your home immediately, you can avoid all of these risks.
2) Home Repairs May Take More Time than Anticipated
Your two-month kitchen remodeling can quickly turn into four months or more. Your choice of contractor, the nature of the remodeling project, your ability to invest, etc., affect the timeline of your project.
Sometimes people end up waiting for months to book the most trusted contractors, thus losing too much time. As a result, your listing is delayed, and you are exposed to further price fluctuations in the real estate market.
3) Renovations Do Not Guarantee a Substantial Return
Not all renovation projects can have a positive impact on the resale value of your home. Also, it is not sure that the amount you spend on renovation will pay the best dividends through the sale.
Homeowners are often soaked in the excitement of giving their home a renewed look and spend too much on cosmetic repairs and upgrades that do not affect the resale value.
In some cases, people get back only what they have put in. In such cases, the effort and time involved are a complete waste. Selling it in “as is” condition to an investment buyer saves you from such risks.
4) Gives You Peace of Mind
At times, the reasons behind selling your home (such as divorce, financial crisis, etc.) may already exert pressure on you. The renovation adds to the stress and exposes you to multiple issues such as budget overruns, handling stubborn or problematic contractors, etc.
On the other hand, if you are selling your home for happy reasons, such as moving to another city to pursue your dream career, home renovation holds you back and delays your move. In both cases, selling it to an instant-cash buyer makes more sense.
5) Enjoy A Fair Offer Always
A home may need minor fixes or may demand a complete overhaul. If you are selling it in “as is” condition to an investment home buyer, you will always get a fair deal. Cash buyers can buy severely damaged homes from fires, floods, water clogging, usual wear and tear, etc., and still manage to get you the best deal in the market.
Also, the paperwork involved is straightforward and less time-consuming. The time taken for the process is also minimal.