There’s a reason why it’s recommended that Pickens homeowners invest in property maintenance. Left unchecked, the small issues on your property can cause significant damage that will affect your property’s safety and livability. Eventually, fixing these issues related to your Pickens, SC home can mean repair costs that are through the roof.
If you’re not in a financial position to cover all these expensive repairs, you’ll need to find alternative solutions. Here are some of the ways you can deal with your Pickens property’s damage.
List Your Home Below Market Value
One option is to conduct no repairs and simply list your Pickens property on the real estate market as-is. However, listing on the market can incur additional costs like real estate agent commissions, paid listing sites, advertising costs, and more. Depending on the state of your Pickens home and external factors like market trends and demand, you may find buyers who are more interested in the location or are looking for fixer-uppers.
However, choosing to go this route means that, depending on most factors, you’re unlikely to receive offers that match your Pickens property’s market value if it were in good condition. If you’re looking to sell your house fast and willing to drop the price, you can proceed. But there are also disadvantages to this option, such as narrowing down the number of interested buyers. Some buyers may also be out of your reach depending on the state of your home as some mortgage lenders reject mortgage loans for properties in bad condition.
Take Out a Loan to Conduct Repairs
You might not have the cash to conduct repairs now, but you may have the means to take out a loan to pay for repairs. You can then choose whether you want to keep the house and repay your loan from other income sources, or you can sell your home.
Before getting a loan, it’s important to see if you’re in a financial capacity to pay back that loan even if you don’t sell. While a fixed house can fetch a better price on the market, there’s no guarantee that it will sell quickly. If you’re banking on the sale to repay your loan, you’re risking your financial stability on the need to sell your house in Pickens fast.
Focus on Essential Repairs
If you’re dead set on listing your property on the market and want to reach a middle ground between a home in need of expensive repairs and a home ready to move into, there’s a third option you can look at: using your limited budget to conduct some repairs, but not all. Conducting cheap repairs on your home can improve your chances of selling your Pickens property without addressing all issues in one go.
Depending on your budget and the state of your home, it can be difficult to decide which area of your house you should focus on. We recommend creating a list of all the repairs you need done, and then trying to rank them from the most essential part of the home that requires more resources, down to the non-essential changes. For instance, fixing your property’s leaking roof is much more important than changing windows that are a bit outdated in style but are still fully-functional.
All these options we’ve presented are alternate for addressing expensive repair costs for your Pickens home. But listing on the market come with its own expenses, which can be difficult to handle on top of your financial situation and need for a quick turnaround time.
Fortunately, we offer a solution outside of the real estate market: sell your home in Pickens directly to Sell My House Fast GSAP.
As a professional home buyer, we buy houses in Pickens, SC regardless of its condition, location, or any issues that would normally make your home more difficult to sell to your average buyer. Our fair home buying process ensures you get a fair cash offer within several days after having your home assessed by our team. On top of our fast and fair process, you don’t have to spend on repairs, staging costs, home improvements, or any commissions to get a fair all-cash offer from us.
Expensive repairs on your property may cost more than you think it’s worth to maintain and keep your home. In this case, it may be best to sell your property and start over. But you can skip the hurdles and additional expenses found when you list your home, and that’s by selling your property to Sell My House Fast GSAP.
Get in touch with us today to learn more about our home buying process and what our team can do for you.