We all know that the housing market is competitive right now amongst home sellers. There are more sellers than buyers and the large inventory of homes is enough to make any seller more than a bit nervous.
So, what can you do to attract home buyers if your Jacksonville home needs repairs, updates or improvements? The biggest question, in fact, among homeowners in this situation is: is it worth it to make repairs or improvements or to sell my house in its current condition?
The answer to this question is not as cut and dry as it may seem. In fact, the decision to make repairs and improvements on your home can vary widely depending on the town and neighborhood in which you live.
Your best bet when making the decision to sell your home as-is or make home improvements, modifications or repairs is to hire the services of a qualified real estate agent, who can help you begin to explore your options.
Time for a Home Inspection
The first order of business when selling a Jacksonville home that needs repairs and improvements is to get a home inspection. A home inspection is a great way to determine which areas of the home may need attention or repair. It is also a practical alternative to dealing with the surprises of a buyer’s home inspection, which may become complicated and burdensome.
In addition, a qualified home inspector should be able to give you estimates regarding the cost of repairing the items in your home so you can have a better idea of the costs facing you.
Compare Comparable Homes in your Neighborhood
Your real estate agent, when pricing your home, will likely use comparables in your neighborhood. After you have identified the comparables in your neighborhood, as well as their listing and selling prices, you can determine the features and improvements for these homes in order to identify in what areas your home may be lacking.
Consider Adding Buyer Incentives
If you choose to sell your home as-is and not perform home improvements or repairs, you may want to consider adding a buyer incentive, such as a repair credit. For example, if you know the roof needs replaced, you can simply offer a credit in the amount of a new roof to the home buyer instead of dealing with the hassle of performing this home improvement before listing your home.
Posted by Carey Frankel on
Leave A Comment