To Repair or Not to Repair? That is the Question!

Dated: October 2 2024

Views: 123

Home Repairs

There are many choices that go into preparing your home to sell. If major repairs are needed I recommend you make a list before diving in.

If you’ve owned your home for five years or more, or if you’ve been putting off maintenance tasks, you’ll want to get serious. Not all repairs are the same and some may take a financial commitment. I recommend asking yourself, what are your goals?

Some repairs can be paid for with an equity line of credit that is paid off at closing. For repairs you absolutely can’t afford to fix, you have three options:

  1. Get repair estimates from local contractors. Proceed with selling your home as planned and disclose problems as required by law. Should the issues surface in the buyer’s inspection, be prepared to fix them before closing or lower the sales price.
  2. Make the minor, inexpensive repairs, then get an appraisal to determine your home’s market value. List your house at that value, minus the cost of repairing any potential deal breakers your agent has identified.
  3. Sell your house “as is.” Don’t make any repairs or improvements, but price your home a good deal lower than its actual value to reflect the home’s condition.

If you or someone you know is looking to sell right now is a great time. Connect with me today at 307-287-0171 to learn more about the complete Listing Program and then I can help you get your home ready to sell. Most people don’t have the time or desire to learn all things real estate, so I do it for you to save you time and money.

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To Repair or Not to Repair? That is the Question!

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Read More