Do Cash Buyers Want You to Repair Your Home Before They Buy It?
Typically, traditional buyers want the homes they buy to be in pretty good condition before they officially become the new owners. What if you aren’t selling your home to a traditional buyer though? What if you’re selling it to a cash buyer? Do they still want you to get your home all fixed up before ownership transfers?
Some Do
Some cash buyers have the same perspective as most traditional buyers on this matter. Some cash buyers will want you to have the home in excellent condition as a condition of the sale. These buyers are interested in move-in ready homes that they don’t have to worry about fixing up themselves. They may not have the time, desire, or extra cash to deal with repairs shortly after closing. These aren’t the cash buyers to talk to if you want to sell your home as-is.
Some Don't
Other cash buyers, on the other hand, are totally fine with purchasing homes in need of repair. In fact, they prefer it. These cash buyers are more likely to be investors of some sort. They want to buy real estate at a good price, which often means compromising on condition. Once ownership transfers, they’ll get it fixed up and use the property to generate a profit. Popular profit-generating methods include fixing and flipping the house or renting it for a time before selling it.
Choosing Your Repairs
Since a house’s condition impacts the offers you get for it, some sellers prefer to do at least a few repairs to the home before trying to sell it. You may find it beneficial to do minor updates in the kitchen and bathrooms, replace the garage or front door, boost your curb appeal, or tackle other projects that have a good ROI. Don’t worry if you can’t though. Billings Home Buyers is totally fine with making offers on as-is homes in any condition.
Whether or not you need to repair your home before selling it ultimately depends on who you sell it to. Simply choosing to sell to a cash buyer doesn’t guarantee that you can get out of home repair since the only reliable difference between cash and traditional buyers is where the money comes from. That said, if you want to sell your home as-is, you can always turn to Billings Home Buyers. You’ll never need to repair your home when you sell to us.
Want to know more about how selling your home to Billings Home Buyers works? Click here to learn about our home buying process today!
