The Home Buying Process – Is It Better to Fix or Sell as Is?


When you find the home of your dreams, you’ll have to decide if you want to fix it up yourself or hire a real estate agent to sell it in its current condition. 

Of course, any new homeowner will want to add their style and touch to the house they’re buying, but it can be tricky knowing when the value of your new home would be better served by one approach or the other.

First Things First

Should you fix up or just move on? There are pros and cons to selling a home that needs fixing up. The fix-up buyers may seem like they have everything on their side. 

They’re usually more eager, pay cash, and aren’t tied down by inspections and other due diligence required when purchasing from a seller who will make repairs—but buying as it has its risks, too.

How Much Does Home Staging Cost?

If you want your home to look its best and make a good impression on prospective buyers, it might be a good idea to consider staging. 

While not every homeowner wants their home staged, buyers must see your home in its best light, especially in today’s competitive real estate market. 

You can hire a professional for $3,000-$5,000, as-is depending on how much time and money you want them to invest. 

If you choose not to stage your house, no problem—just remember that it may sell for less than if you had invested in some new paint and artwork. Ultimately, staging is an investment that pays off only if your house sells quickly for more than it was worth before staging.

What Are the Benefits of Fixing Up Your Home Before Selling It?

With home values on an upswing, some homeowners may be tempted to simply list their house as is and wait for an offer. 

But home appraisals can often factor in a property’s condition when setting an asking price, and some buyers prefer to buy houses that don’t need work. 

The good news is that there are benefits of fixing up your home before selling it, so you’ll want to weigh your options carefully. 

You may have a better chance of getting top dollar from a buyer who wants a turnkey house, but you’ll also have less stress knowing you’re protected from costly fixes by warranties on upgrades. 

And if you choose not to fix your place before selling it, make sure you hire a professional stager with experience in listing homes that need work.

What Are Your Options If You Decide to Sell Your Home as Is?

To sell your home as is, you need to price it fairly. When you’re ready to sell, start researching similar properties in your area. You can access real estate listings online through sites like Trulia and Zillow. 

If you don’t want to wait for buyers who may not come, list your property with a real estate agent who can ensure that someone takes care of marketing and advertising. 

If you have time before you plan on selling, keep updating your house. New paint jobs and modern decor are good ways to help get more money for your home when it comes time for sale.

Conclusion

It is up to you whether or not you want to move forward with buying a home, but remember that as long as you are aware of what options exist for buying and selling, your chances of making a good decision increase. 

Whether you fix up your home before putting it on the market, sell it as is, try an auction route (if your state allows it), or enlist a real estate agent, there are plenty of ways to approach homeownership. 

Go here to learn more about how our home buying process works.

Jeff Campbell

Jeff Campbell is a husband, father, martial artist, budget-master, Disney-addict, musician, and recovering foodie having spent over 2 decades as a leader for Whole Foods Market. Click to learn more about me

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