Should You Sell Your Distressed Home As-Is or Fix It Up?
Selling a home without making repairs is far more convenient, but you’re unlikely to earn as much as you would if you spent time fixing it up. If you’re struggling financially or don’t have time to make major repairs on the home, there are some quicker, low-cost fixes that can be well worth your investment.
If your distressed property has major damages that are costly to repair, you’re unlikely to get much for it. Depending on your situation, you may not have the luxury of time or be financially able to make major repairs. Luckily, there are a few ways you can add value to your home if you want to sell it without making major repairs.
Fixing some minor damages may allow you to ask for a bit more when you list the property. Survey your home and make a list of defective or broken things. If needed, consider making the following fixes:
- Fill in cracks and patch holes in ceilings and walls
- Repair broken appliances and leaky faucets
- Add a fresh coat of paint inside and outside of the home
- Replace old window coverings
- Stage your home for showings
Depending on your home’s condition, there are several other small fixes you can make. Once you complete your home survey, think about which issues are worth fixing.
Homeowners will struggle to sell a poorly maintained property, especially if it’s in pre-foreclosure or mired in legal troubles. Consider performing some quicker, low-cost maintenance to make your distressed home a bit more presentable.
If you are unable to perform any maintenance on your home, be aware that selling your home to an investor may be one of your best options, especially if you’re facing any legal issues with the home. If your home is in pre-foreclosure, you may want to avoid spending time making fixes and simply find a buyer.
Consider reaching out to Meli. We specialize in purchasing distressed homes regardless of the legal difficulties involved. You can request a free estimate on your distressed home right on our front page. We’ll reach out to you as soon as possible to learn more about your unique situation and let you know how we can help. We look forward to speaking with you!
Do You Own a Distressed Home?
Owning a distressed home doesn’t mean it’s the end of the world. Most distressed homeowners have options. Take time to learn about your distressed housing situation, consult with a professional if you can, and if you determine that selling to an investor is the right choice, consider reaching out to Meli.
Our team is highly experienced in buying and selling homes, and we work with a partner network of attorneys, realtors, and investors to purchase your home in the shortest time possible. We’re able to buy homes in under 30 days, and can often buy in far less time as needed, depending on the situation. Give us a call at (407) 305-5008 or request an estimate on your home’s value below.
Want to learn more about selling distressed? Get our eBook, “Everything You Need to Know When Selling a Distressed or Difficult-to-Sell Home.”
This article is meant for informational purposes only and is not intended to be construed as financial, tax, legal, real estate, insurance, or investment advice. Meli encourages you to reach out to an advisor regarding your own situation. Please consult with your advisor when making legal or financial decisions.
