Selling Your Distressed Home
Is your house completely distressed or simply in need of minor repairs? Is it cluttered or outdated? Does it have water damage or need a new roof? We don’t care! Here at Cash for My House, we buy any house in any condition. If you don’t want to spend your own time and money fixing up your home before you sell it, contact us today for an all-cash offer.
If you do decide to sell your house by conventional means (listing with an agent) below are some of the typical upfront expenses. Some are a matter of choice, yet may be important investments in making sure your house sells for the highest amount possible — or sells at all.
A new paint job is one of the most cost-effective ways of freshening your house, inside and out. Hiring someone to do the job can run in the thousands of dollars, depending on the size of your home. And sellers should be weary of doing the paint job yourself; buyers and inspectors will notice flaws and may require you to hire a professional to fix them as part of the closing process.
2. Window Washing
When did you last wash them — especially on the outside panes of upper floors? Sparkling windows make a surprisingly large difference to buyer perceptions. Hiring someone will cost a few hundred dollars, depending on the size and height of your home.
3. Fix ups
Which fix ups are necessary (such as replacing cracked windows or stained carpeting) and which (such as major remodels) should be left for the buyer to handle? That all depends on how much money you are willing and able to spend to make your house ‘market ready’.There is practically no house that couldn’t use some quick maintenance to make sure it looks well-cared for and leaves fewer items for a home inspector to comment on. Research shows that homes with updated bathrooms, appliances and countertops sell at top market prices; new appliances alone can cost a few thousand dollars.
Curb appeal is a major factor when listing your home; it is the first impression buyers will have of your house when they see it in person, or in listing photos. Landscaping can vastly improve curb appeal, but comes with a substantial price tag. Maintaining existing landscaping while your house is being shown to potential buyers can be costly. And if your house doesn’t have any existing landscaping, adding shrubbery, sod, paving stones and decorate plantings can run in the thousands of dollars.
5. Lights and heat while the house sits empty
If you’ll be moving out before putting your house on the market, expect to pay double utilities for a while. You’ll want to leave the lights and heat on in the house while it’s for sale. No one likes to enter a cold, dark house and fumble around for the light switches. Check your current bills for approximately what costs to expect.
6. Extra homeowners’ insurance for the vacancy period
Check with your homeowners’ carrier. Your insurance may not apply when the home is “vacant,” which term will be defined in your policy. You can ask for a rider to cover any period of vacancy.