Did you know that there is an easier way to sell your home for a fair price? 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. A professional buyer handles everything for you in one meeting, walking you step by step through the process.
Fluctuations in Supply Costs
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.
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.
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.
If you face expensive repairs, now is the perfect time for selling your house directly to LJE Property Solutions. When you work with us, there are no commissions or hidden fees that will be coming off of your cash payment at closing. Get a free, no-obligation offer and see how easy we make the process! Send us a message or call LJE Property Solutions at 254.493.2101.