Should You Sell Your House As-Is or Make Repairs?

According to Keeping Current Matters, a recent study from the National Association of Realtors (NAR) revealed that while 61% of home sellers completed at least minor repairs before listing, 39% chose to sell their homes as-is. If you’re contemplating this option, it’s essential to understand what it entails and its potential impact on your sale.

What Does Selling As-Is Mean?

Selling as-is means you’re putting your home on the market in its current condition without addressing repairs or negotiating fixes after a buyer’s inspection. While this approach may save time and money upfront, it can influence buyer interest and sale price.

• Advantages: Faster preparation, reduced stress, and no repair costs.
• Drawbacks: Fewer buyers may be interested, resulting in a longer selling period and possibly a lower sale price.
  
  

Updated homes often command a premium, but in today’s market, 56% of surveyed buyers are open to purchasing homes that need some work. This openness stems from ongoing affordability challenges and lower-than-normal inventory, which may increase buyer flexibility.

How Indigo Skye Group Can Help

Deciding whether to sell as-is or make updates is easier with professional guidance. The Indigo Skye Group offers:

• Market Insights: Comprehensive analysis of what similar homes in your area are selling for and the value updates may bring.
• Pricing Strategy: Expertise in setting a competitive price that aligns with your goals.
• Effective Marketing: Highlighting your home’s key strengths, such as location, size, and potential, to attract the right buyers.
  
  

Bottom Line

Selling as-is is a viable option, but it requires balancing convenience with potential trade-offs. To ensure you’re making the right decision for your situation, contact the Indigo Skye Group today. We’re here to guide you every step of the way and help you achieve a successful sale.


Source: Keeping Current Matters