Pay Less
for Home Fixes First
Sell House for More Money
When You Pay Less for Home Fixes First, You Can Sell Your House In Less Time for the Most Money
To sell house smart, pay less for home fixes first. By getting ready first, you spend less money now on key home fixes and earn more later when you sell your house, in less time. Plus your family enjoys these fixes in the meantime (the year(s) before you re-sell your house).
OR
You can do less now before listing your house and pay much more later - when your house won't sell and your options shrink with your reduced/lost equity.
It is your choice, but remember, the smart, most affordable & profitable option is to get ready first - either with fixes and the right price at full value or no fixes and the right price below appraised value.
You can pay less for home fixes first by investing up to 50% of what would otherwise be your first price reduction in key fixes. Selling your house smart by avoiding all price reductions while selling in the shortest period of time is much better than . . . losing 100% of your first price reduction and paying months+ of extra (avoidable) mortgage payments while waiting 100+ days on market! So let's do the math.
Calculate Your DIY Stage & Home Enhancement Budget
When you Pay less for home fixes first, getting ready to sell house smart costs less than price reduction(s), that is 10% or more deducted from the original asking price for your house - reduced when languishing on the market to generate buyer interest.
For a $250,000 house, a 10% price reduction = $25,000. Thus, your
Get Ready First budget is: $2,500 - $12,500 (10%-50% of the first price reduction you will avoid by fixing your house first and/or pricing your house correctly).
For a $400,000 house, a 10% price reduction = $40,000 and your
Get Ready First budget is: $4,000-$20,000.
For an $800,000 house, a 10% price reduction = $80,000 and your
Get Ready First budget is: $8,000-$40,000.
We know this to be true: in every case, when you invest your Get Ready First budget, pay less for home fixes first and avoid the first price reduction, selling house smart saves you money, reduces time on market and likely increases your equity/return on investment or ROI at closing.
Pay Less Now for Key Home Fixes First
You have several options. First, you can invest your Get Ready First Budget. Second, you can finance your Get Ready First Budget - creatively. Third, you can price your house below appraisal or comparative value and make few or no key fixes.
Depending on your preference and situation, each is a great way to sell house smart.
Option 3: No Fixes & Priced to Sell House Smart
For example, if you do not have the money to re-invest in your house before selling it, you can still sell house smart. In this situation to sell smart house you should price your house below value. By contrast, conventional wisdom (including desparation and greed) can lead home owners astray. No matter how tempting, do not over-price your house. Even appraisal value is too high here.
Instead, get free estimates for needed home fixes, repairs, etc., and include that information for prosepective buyers - especially investors. This is an investment or time (not money) that will save you time and money and can still make you money. Because you can still get the most money out when you sell house smart, even when listed for sale under appraisal value.
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