Need to sell your Edmonton home right away but you feel overwhelmed by all the needed repairs? Maybe you have run out of time and you’re forced to sell before facing foreclosure and eviction proceedings? Perhaps you’re unable to perform the necessary renovations or afford the expense of completing the repairs your home needs before you list it on the Edmonton real estate market? The good news is that there are other options! Read ahead to learn more about how you can sell a house that needs repairs in Edmonton.
Sell Your Edmonton House As-Is
To sell a house that needs repairs in Edmonton, you could market the property “as-is”, meaning that no repairs will be made prior to the listing and sale. Nor will any credit towards the required repairs be given as a contingency of the sale.
Naturally, buyers expect a bargain price when they look at homes that need repairs so you must be prepared to take a loss or at the very least sell at a discount. As most buyers will request an inspection, it would be wise to have your own inspection and appraisal done, so that you will be fully armed with financial facts at the negotiating table, about how much the repairs should subtract from the market value.
Regrettably, lenders have standards for homes and require inspections and appraisals, so your pool of buyers is limited. Above all, be honest about everything, disclosure in real estate carries legal risks for you as the seller.
Finish The Repairs on Your Edmonton Property
Another way to sell a house that needs repairs in Edmonton, in the hopes of selling at the full market is to have your home inspected by a professional, then get an estimate from at least three reliable contractors for the work.Going about it this way, you will have a realistic picture of what you’ll go through what can be highly time-consuming repairs. Because surprises may arise that could add thousands of dollars to the process, you should include some room for these unknown issues being discovered. Be certain to allow a buffer of 10 percent more than the known work estimate to avoid being caught off guard.
You should also allow a buffer of time when you are making plans for the future. It is very easy for work crew schedules to get off track or get delayed, causing hold-ups down the line like dominoes. While there may be an average number of days on the market, there is no way to know ahead of time when or if the property will sell, so be certain you can afford to hold the property as well.
If you can find a quality contractor at a great price who can finish the repair work on time, go for it! But often the budgeted time and/or expenses can throw off the best laid plans.
A Direct Sale to an Edmonton Home Buyer
Unfortunately, should you attempt to sell the home “as-is,” many buyers will immediately turn away, preferring homes in move-in condition. And that likely means even more time sitting on the market. After you have gone through the hassle, headaches, and expenses of making repairs, there is no closing date awaiting you at the end of it all. There isn’t even a guarantee the home will sell!
The easiest way of all to sell a house that needs repairs in Edmonton is by completing a direct sale. Because professional buyers, like Sunrise Home Buyers, buy homes in “as-is” condition, you do not even need an inspection. With a fast closing date, usually within a week, and a guaranteed sale, professional buyers like Sunrise Home Buyers help you solve your problems quickly. By making a direct sale to Sunrise Home Buyers, you won’t need to worry about insultingly low offers. Sunrise Home Buyers takes all the risks, letting you forget all about the concerns of disclosures, the headaches of showings, or losing time and money on making repairs.
Are you ready to sell a house that needs repairs in Edmonton right now? We will do all of the work while you are enjoying your earnings! Why not make the wise choice and start working with Sunrise Home Buyers?