Have you ever considered directly selling your home? Sellers confronted with repair costs are frequently overwhelmed by the work, time, and expense associated with preparing their home for a traditional listing. Selling independently or through a licensed real estate agent follows a similar process. While performing the repairs yourself may save you thousands in commissions, you will spend more time managing everything that an agent would, from the time a sign is placed in the yard and listed on the internet to closing day.
Curb appeal is critical to a home’s marketability, even more so when it is listed on the Multiple Listing Service (MLS) or other online sites where buyers scroll quickly. Because the majority of buyers are looking for immediate occupancy, you must compete for their time to view your property.
Did you know there is a more convenient way to sell your home quickly and for a fair price? Wouldn’t it be nice to avoid the headaches and expenses associated with repairs, as well as the added pressures associated with constantly cleaning and rescheduling your family’s schedule around showings and open houses? A professional buyer will handle everything for you in a single meeting, guiding you through the process step by step.
Continue reading to learn how directly selling to a professional buyer can save you thousands in repair costs.
Supply Cost Fluctuations
Lumber is currently over 112 percent more expensive than a year ago, as are other home improvement products such as drywall and even roofing and siding. Demand for lumber and other supplies has increased as more buyers realize the benefits of home ownership. Numerous homeowners have chosen to invest in their homes, completing long-deferred repairs and making upgrades for home offices, schooling, and other family-oriented activities. This increase in demand has resulted in production delays for building materials and supply chains, further increasing the costs borne by consumers. When you contact a professional for an estimate on repairs due to fluctuating supply costs, you should not be surprised to see a time limit or even an allowance for changes in actual costs included in the cost estimate. This material lag will eat into your profits in terms of holding costs as you continue to pay the mortgage and all of your other monthly expenses while the project is ongoing. When you sell directly, you can relax because you won’t have to worry about upgrades or repairs, and professional buyers will purchase your home as-is, which means you won’t have to worry about material costs. It’s easy to see why directly selling your Lexington home to a professional buyer like those at Bluegrass Investment Properties LLC will save you thousands of dollars in repair costs.
Surprises
Repair costs can quickly spiral out of control, which is why experts recommend adding 10% to the estimated budget for repairs. All too frequently, unseen issues remain hidden until the project is halfway completed. These discoveries are frequently quite serious, as when a building’s foundation is discovered. Depending on your financial situation, failing to plan for every eventuality could bring your plans to a grinding halt. Even if you have spent the money to hire a professional to inspect your home and contacted at least three professionals for repair estimates, surprises are an unavoidable part of the repair process, particularly in older homes. Assume you decide to put a dilapidated home on the market. In that case, you can anticipate excruciatingly low offers from buyers who are expecting an unrealistic discount in exchange for purchasing your problems and performing the work, negotiating with you to reduce your asking price using an inflated estimate for the repairs. In some instances, even if the seller is unaware of a serious flaw in the home, the seller may face legal complications and additional expenses. When you sell your Lexington home directly to a direct buyer such as Bluegrass Investment Properties LLC, the buyer assumes all risk associated with any potential issues. Directly selling to a professional buyer could potentially save you thousands of dollars in additional hidden repair costs.
At Bluegrass Investment Properties LLC, we’ll take care of everything! If your home requires costly repairs, now is the ideal time to sell directly to Bluegrass Investment Properties LLC. There are no commissions or hidden fees associated with working with Bluegrass Investment Properties LLC. Speak with the professional buyers at Bluegrass Investment Properties LLC about the numerous ways that directly selling to Bluegrass Investment Properties LLC can save you money. Request a no-obligation, no-cost offer from Bluegrass Investment Properties LLC and discover how simple the process is! Send us a message or give us a call at (859) 321-6618.