The DFW area has experienced significant growth over the last decade. There are a number of reasons why people are moving to Fort Worth and Dallas. Our State is now home to some of the largest employers, and this has driven a higher demand for single family homes.
If you are considering selling your home soon, you have probably walked around, and started thinking about what repairs and updates may be necessary to get it market ready. This can be one of the biggest hurdles owners face. Do I spend every weekend trying to do these updates myself? Do I have the money to pay a contractor? This can especially be hard, if your home needs costly repairs like a new roof, a new HVAC system or it has foundation issues. As a result, you may feel defeated, wondering who will buy your home in this condition or how much they might offer.
Maybe we can help with a direct offer to buy your home in the condition it sits in today? Keep reading below and discover a few optional ways to sell your Fort Worth house if it requires major repairs.
List Your Home “As-Is”
Yes, it is possible to sell your Fort Worth house, even with major repairs that have not been addressed over the last 5-10 years. If you decide to work with an agent and sell your home “as-is”, you are choosing to move forward without making the repairs the are needed. You are choosing to sell with full disclosure that your home needs work. But, don’t forget, when you list your property, whether on your own or with a real estate agent, there is no guarantee of when or if the agent will get a buyer for your property. And don’t count on the asking price being your final sales price; as-is listing are bargain listings and usually receive lower offers, which often leaves homeowners feeling insulted. In addition, once you subtract the commissions, title fees, marketing, and all of the hidden costs that accompany working with real estate agents, there may be little to no profit remaining for you at closing.
As an alternative, when you work with the direct home buyers at Starfish Group Properties, there are no agent fees to deduct. They will outline what your proceeds will be, or what you would receive with a direct sale or if you decide to work with an agent so that you can make an informed decision.
DIY Touch Ups and then List
Another relatively inexpensive way to sell your Fort Worth house is to do cosmetic makeover, or smaller updates, making your house more attractive to buyers. A few quick and easy updates like new carpet I the bedrooms or new paint in the living room may add the touch. And with little out-of-pocket money, it will freshen the house. You may even plant a few flowers for an overall curb appeal to show the potential. People looking for homes may be more willing to become buyers for your Fort Worth house if it has been freshened up.
Because it costs money to hold onto the home, such as any mortgage payment, property taxes, Lawncare,. and monthly utilities, your best option is to ask your agent their average time for a home that needs repairs to be on the market. Typically, homes that are outdated and in disrepair are considered bargain properties, and may experience longer “days on market” in the Fort Worth real estate market. You’ll need this information when you begin to add up your costs to sell the property, pay commissions and fees to your agent, market the home, and pay holding costs.
Invest in Updates and Repairs… then List
To sell your Fort Worth house if it requires major repairs, you could complete hire contractors to complete the repairs before you try to sell your house for full market value. However, your estimates for the costs must be realistic, and it is prudent to attain at least three estimates from professional contractors for the repairs. If an unforeseen issue comes to light, you should have additional funds set aside, above the total estimated costs. You also need to know the time to complete all repairs. While some repairs take only a few days, major work like a kitchen remodel may takes several weeks. If you decide to make updates the to bathrooms or kitchen, plan for weeks. Your contractor will have to design and then order your new cabinets and vanities. This can take 3-8 weeks. Carefully calculate the viability of making the repairs against the property’s value after deducting all expenses, including holding costs. An experienced investor like the direct home buyers at Starfish Group Properties we can help you feel confident about moving forward with the repairs.
Starfish Group Properties
Working with Starfish Group Properties is the easiest way to sell your Fort Worth house for the most money if it requires updating and repairs. You don’t need to stop every 30 minutes and clean up for showings or spend your weekends touching up the property because Starfish Group Properties buys homes as-is. Before making an additional investments in new countertops or repairing your house that you no longer want, why not consult with an experienced professional from Starfish Group Properties. The direct home buyers at Starfish Group Properties will go over every number used to develop an offer you agree is fair. Even better, Starfish Group Properties can close in a matter of days or delay the closing for a date that works for you! To learn more ways Starfish Group Properties can help you, send us a message by texting or calling Starfish Group Properties at 817-859-6677.