How Selling Your Edmonton House Directly Will Save You Thousands in Repair Costs

You may be surprised to learn that in some scenarios, selling your property direct can actually save you money and certainly plenty of time.

Skip The Property Selling Headaches

Did you know that there is an easier way to sell your home for a fair price? Wouldn’t you like to skip all the headaches and expenses of repairs, along with the added pressures of constantly cleaning and rescheduling your family life around showings and open houses? A professional buyer handles everything for you in one meeting, walking you step by step through the process.

Have you ever considered selling your house directly to a buyer? Sellers facing the reality of repair costs are all too often overwhelmed with the work, time, and expense of readying their home for a traditional listing. Selling on your own (for sale by owner or FSBO) or with a licensed real estate agent involves much of the same process. While you’ll potentially save thousands in commissions by making the repairs yourself, you’ll invest more time handling everything that your agent would have, from the time a sign is up in the yard and listed on the internet through to closing day. 

Read on to learn more about how selling your Edmonton house directly to a professional buyer will save you thousands in repair costs.

Curb Appeal

Curb appeal plays a significant role in the marketability of a house, especially when listed on the MLS and other online sites where buyers scroll through quickly. Because most buyers are looking for homes that they can move into immediately, you must compete with other properties for the buyer’s attention with the goal of trying to entice them to booking a showing to view your property and hopefully making an offer. 

Basic landscaping is one of the best values when upgrading the look of your property. Here are several other ways to improve your home’s curb appeal. If you can ensure that any buyer will fall in love at first sight, it would be wise to spend a bit of money and time to make your property look appealing at first glance.

While curb appeal is vitally important, there’s no need to break the bank to get it done.

Fluctuations in Supply Costs

Lumber is ridiculously expensive right now. Its several times the price it was last year. If that was the only material with a rising price it wouldn’t be so bad. But most every home improvement product, such as drywall and even roofing and siding, has been on the rise.

Demand for lumber and other supplies has increased because more buyers seek the advantages of having a home of their own. Many homeowners have chosen to invest in their homes, making repairs they have been putting off and upgrades for home offices, schooling, and more family-based activities. 

While lumber costs are anything but funny, what else can you do but laugh at the absurd prices?

Supply Chain Issues

This increase in demand has caused building materials and supply chains to lag in production and adding to the costs that consumers are absorbing. When you contact a professional for an estimate on repairs because of the fluctuations in supply costs, you shouldn’t be surprised when you see a time limit on the cost estimate or even an allowance for changes in actual costs. 

This lag time in materials will eat away at your profits in holding costs as you continue to pay the mortgage and all of the other monthly expenditures as the project lingers on.

Avoid All The Hassles and Sell Direct

When you sell directly, you can stop stressing because you don’t need to worry about upgrades or repairs, and professional buyers will buy your home as-is AND on the date of your choice. This means that the cost of materials will no longer be your problem. It is easy to see why selling your Edmonton house directly to a professional buyer like those at Sunrise Home Buyers will save you from paying for any repair costs, which can quickly add up to tens of thousands of dollars.

In addition to saving on repair, renovation and clean up costs you can save money by avoiding the monthly tax, insurance and utility fees you must still cover while the property is listed on the MLS.

Avoid The Surprises

Repair costs can spiral out of control, and this is why experts recommend adding 10 percent to the estimated repair budget. All too often, unseen problems lie hidden, discovered when the project is midway through completion. These discoveries are all too often very serious, such as with the foundation of a building. Depending on your financial situation, failing to plan for all contingencies could bring everything to a screeching halt.  Even when you’ve gone to the expense of hiring a professional to inspect your home and contacted at least three pros for repair estimates, surprises are an inevitable part of the repair process, especially in older homes.

Suppose you decide to place a home in a state of disrepair on the market. In that case, you can expect excruciatingly low offers from buyers who will be expecting an unrealistic discount to buy your problems and do the work, negotiating with you to lower your asking price with an inflated estimate for the repairs.

In some cases, even if you’re unaware of a serious flaw with the home, sellers end up facing legal issues and even more expenses. When you sell your Edmonton house directly to direct buyers like Sunrise Home Buyers, they take on all of the risks of any potential problems. Selling to a professional buyer could conceivably be saving you from additional hidden repair costs that can increase your repair expenses by tens of thousands of dollars.

Sell The Quick And Easy Way

At Sunrise Home Buyers, we will handle it all! If you face expensive repairs, now is the perfect time for selling your house directly to Sunrise Home Buyers. When you work with Sunrise Home Buyers, there are no commissions or hidden fees that will be coming off of your cash payment at closing. Talk to the professional buyers at Sunrise Home Buyers about all of the ways that selling your house directly to us will save you money. Get a free, no-obligation offer from Sunrise Home Buyers and see how easy we make the process! Send us a message or call Sunrise Home Buyers at (587) 982-7576.

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