Have you ever considered selling your house directly? 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 or with a licensed real estate agent entails 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.
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 for them to take the time to view your property.
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.
Read on to learn more about how selling your Long Island house directly to a professional buyer will save you thousands in repair costs.
Fluctuations in Supply Costs
Lumber is expensive right now, more than 112 percent higher than last year, other home improvement products such as drywall and even roofing and siding. 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. 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. 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, meaning the cost of materials is no longer your problem. It is easy to see why selling your Long Island house directly to a professional buyer like those at Prestige Home Buyers will save you from paying for any repair costs, which can quickly add up to tens of thousands of dollars.
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 Long Island house directly to direct buyers like Prestige 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.
At Prestige Home Buyers, we will handle it all! If you face expensive repairs, now is the perfect time for selling your house directly to Prestige Home Buyers. When you work with Prestige 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 Prestige Home Buyers about all of the ways that selling your house directly to Prestige Home Buyers will save you money. Get a free, no-obligation offer from Prestige Home Buyers and see how easy we make the process! Send us a message or call Prestige Home Buyers at (631) 336-9166.