How to know when it’s time to sell your house as-is
Sometimes life’s decisions come at us quickly. You may have lived in your Sacramento home for a long time, yet because of financial or personal stressors, you’ve delayed much-needed updates or costly repairs.
If there’s a lot of work to do, you may be wondering how to pay for it all. You’re also probably wondering if you’ll get that investment back if you sell the home once the repairs are done.
Is it the right time to sell? Who will buy my house when it needs so many repairs? Can I get enough money for it? Who can I trust to help me out?
Yes, you may have many questions and difficult considerations, but when it comes to selling a fixer-upper, don’t despair. You do have options and choices — including selling your home for cash as-is.
We’re here to help guide you through the decision-making process..
What are the advantages of selling your Sacramento home for cash instead of fixing it up and listing it with a real estate agent?
If you’re already in financial stress, you may have considered making some cosmetic repairs to your house and putting it up for sale with a real estate agent. You probably already know that it can take a long time to get your home listed, and after that, find interested buyers and complete the sale.
The whole process could take between three to six months, or longer. And a quick check of real estate listings in Sacramento shows that some homes in the area have even been on the market for over a year.
If your home does need some repairs, the buyer may often require you to make the repairs as part of the conditions of the sale. What’s more, you’ll likely need a professional appraisal of those repairs. At the minimum, you’ll also need to pay the realtor’s commission of 5-6%, plus the cost for escrow, title fees, and property transfer taxes.
You should also consider the underlying reasons for escrow. Escrow takes an average of 50 days according to Realtor.com. Some of the key reasons a pending home sale may fail to be completed or “fall out of escrow” are:
- The buyer can’t qualify for the mortgage they need
- Home inspection may show serious needs for repairs
- Buyers may require the repairs to be completed, or want to renegotiate the purchase price
- Your appraisal could be lower than the purchase price offer
- The buyer can’t sell their current home
- You may have unpaid liens or judgments on the property
Will selling my home for cash mean losing a lot of money?
The short answer is, probably not. If you’re already falling behind on your mortgage, experiencing a financial or medical crisis, or have a major life change like a divorce or death in the family, it’s easy for financial obligations to get out of control quickly.
Getting your home quickly may help both financially and emotionally. But the traditional real estate process can be both costly and time-consuming.
There are often quite a few costs associated with traditional real estate sales that don’t factor into selling your home for cash. Sometimes, you can save up to $15,000 to $25,000 by accepting a cash sale for your house.
How can I know it’s time to “let go” and sell my house as is?
Many home sellers face personal or financial challenges that are out of their control. Some of the most common stressful circumstances people face that could inspire them to consider selling their house for cash include:
- Medical expenses: If you or a loved one has become seriously ill, you could be facing high medical bills at the same time as your income has taken a hit because of inability to work.
- Job loss: If you’ve recently been laid off, you’re likely doing everything possible to restore your job and income. Looking for another job or considering moving to a different area for work can consume all of your time and energy.
- Life changes: Have you recently split from your life partner? Or have suffered the tragic loss of a loved one? You may be overwhelmed by financial responsibilities and wondering if you can maintain your home without your spouse.
Everyone deserves the opportunity to rebuild their life and have a fresh start. It’s possible to recover financially from setbacks due to illness, job loss, divorce, or the loss of a loved one more quickly if you consider selling your home as-is for cash.
Of course, if you’re making the difficult choice to sell your house to sacramento cash home buyers “as is”, you should first run all the numbers, compare offers and weigh all the options.
You may want to consider working with a real estate investment company that specializes in buying homes for cash — especially when your home needs major updates, upgrades or repairs. Just remember, even when you’re short on money, you still deserve to work with a business you can trust.
Why should I sell to a real estate investor?
Real estate investment groups are in the business of helping homeowners sell their home quickly, especially when they’re under financial or personal stress. In Sacramento, for example, Property Sales Group, led by owner Sergei Kucher, buys and renovates homes.
Property Sales Group has its own construction teams, which means they have the ability to make necessary repairs and upgrades on your house so you don’t have to. For you, that means they will most likely be able to offer you more money for your house than a company that can’t handle the repairs.
And because they’ve helped over 700 families sell their home for cash in the Sacramento area, Property Sales Group understands the market and the challenges you face when your home needs costly repairs or just won’t sell. That’s why they promise to work on your behalf…quickly, fairly and compassionately.
When it comes time to let your house go, Property Sales Group is ready to help you understand how to sell a fixer-upper in Sacramento. The entire process is simple:
- Find out what your home is worth. Use the instant offer calculator and you’ll get an estimated range of how much money you can save.
- A professional will do a short walk-through of your property and answer any questions and concerns.
- You get the best cash offer for your home (and you don’t have to do any repairs or upgrades)
- Get your money before you move out, in as fast as 2 weeks or less — 100% guaranteed close or you get $5,000.
We hear about the traditional real estate process so often, but if your personal and financial situation is full of stress, traditional real estate sales doesn’t just take a long time, it also costs money that you may not have.
If you’ve been spending a lot of sleepless nights worrying about whether to sell your home, but afraid you won’t get the money you need, or will have to complete expensive repairs, it’s best to weigh all your options, do the math make a decision that helps you get back on your feet quickly.
Instead of responding to home flippers or wholesalers, you should work with an experienced professional real estate company in the Sacramento area that over 700 homeowners have trusted to buy their house for cash, as-is.
Get the information you need to make the right decision at the right time and work with trustworthy and caring property sales professionals.
Call us at 916-990-7376 today