Is It a Good Idea to Sell A House As Is?
The decision on whether to sell houses as is, or to make improvements to sell it at a much-higher price, is a hotly-contested debate.
Some believe that investing to make a house sell for a lot more is worth it. Others believe that it’s just not worth the time, money, and effort to try and upscale a house when it can be sold as-is for a fair price.
So, which is which?
3 Factors to Consider When Selling As-Is
- Cost of renovation work
This should be the first and most important factor for you to consider.
Yes, it’s a good idea to try and improve your property to sell house fast. But, it’s not always worth it. Between the repair costs and the renovation work, it is possible that making the house look better can be too expensive and that the selling price just isn’t enough to help recoup the costs. Or, even if it is, the added premium isn’t really big enough to make having to go through all the trouble of improving a house worth the effort and money.
- Possible contractor issues
Keep in mind that when working with contractors, there are other costs involved.
The initial contract price for the renovation work might seem affordable, but there will be more costs down the line. Sometimes, there can be too much costs, and even if you might end up selling the house for a higher price, are you really willing to risk spending a lot of money for it?
- Selling price
Last, but definitely not the least, is the selling price.
When you sell your house as is, you don’t have to worry about anything else. Basically, the math is the total contract price of selling as-is and the potential selling price of upgrading the house. If the difference is enough to make you consider investing in improving the house, then by all means, do it.
Just remember that what you’re doing is a risk. Not everyone will value your upscaled property the same way. Not to mention, improving your house in your own eyes does not guarantee that other potential homebuyers will see it that way.
If you really need the money right away and don’t want to deal with the long and arduous process of selling a house, there is another way to sell your house fast.
You can contact cash buyers such as ourselves to get your property off of your hands quickly.
We buy houses for cash as-is without requiring you to do anything kind of work at all. We just need to check out if the property is good for selling, and we make a fair offer. That’s it. No more questions asked.
We cash buyers don’t really care much about the state of your property. We buy houses NJ cash and let you go on your merry ways in a matter of weeks.