When you sell an Elk Grove House with massive repairs, it can be challenging to figure out what to do when you find yourself needing to sell. Many times, people find themselves in the position that the cost of repairs will put them having to spend more than they are going to gain by selling the home in the first place and it can be a difficult decision, as well as a very time consuming process.
Because of California’s stringent inspection laws, it can be hard to navigate what your options are when your home requires major repairs, but there are a few options available to you that you can take advantage of:
- Hire a Realtor who is well versed in what you can and can’t get away with
It may be possible to get away with only fixing certain things while lowering the listing price to account for others. But a qualified real estate agent is going to be well versed in the laws in California and know what you can and can’t do, as well as what you really do absolutely have to fix, and what you can get away with leaving undone and allowing for the price to reflect that this particular item needs to be fixed.
- Make sure that the home is as clean as possible
If the major repairs are not anything that is going to keep the house from passing a code inspection, if you make sure that the house is as clean and decluttered as possible, a prospective buyer is less likely to be turned off if the house looks presentable.
- Know what the repairs will cost before listing
Have realistic expectations of the cost of the repairs going in, so that you know what your negotiation zone is and how much you can realistically expect to get for the home. - Use a “We Buy Houses” Site
Many of these companies exist online that will buy your home in an as-is condition, and often if there are significant repairs that you cannot afford to make that will keep the house from passing inspection, especially in areas such as Elk Grove, California that have such stringent inspection laws, these types of options are often going to be your best bet. These companies will usually pay below market value for the home. Some of them are going to make the repairs themselves and resell the home, while others are going to flip the home to an investor who will make the repairs and flip the house. This is why they often pay below market value, but you will have the home sold fast, and potentially get yourself out of a hairy financial situation that you otherwise might find yourself drowning in.
No matter which of the above options you decide to go with, make sure that you are staying within the law and not getting yourself into a situation that is going to get yourself into trouble. It is not unusual for a homeowner to find themselves in over their heads and have more repairs to do than their wallet can handle, but it is always best to do your homework when trying to get yourself out of that situation. Be sure that if you choose to go with an online homebuying company that you do your due diligence and make sure that you will not be taken advantage of and will be treated with respect. Good luck with your home sale process.