Real estate will be more desirable to buyers if care is taken with presentation and maintenance has been attended to prior to coming onto the market.
The alternative is to sell a property "AS IS", which means the buyer buys the home with all faults and as inspected. So for a home with lots of maintenance to be done, or poorly presented - the outcome for the seller might not be good. Such properties will sell, no problem there. But they will be sold to bargain-hunters, renovators, flippers or investors who will discount the selling price to account for the shortcomings of the property. Real estate is a price-driven industry. Every property will sell if the price is right. But as a seller, you will want to maximise your sale outcome and that might mean that you need to spend money to address maintenance and presentation issues. Avoid selling to the bargain-hunters and flippers if you can.
But, what if you just don't have the money to fix things?
House Proud Realty has contacts that can help you. We have connections with a financing firm called Realty Assist .
First and foremost, Realty Assist can advance the money you need to set up your advertising and marketing budget required to get your property on the market. So keep your cash in your pocket and repay these funds to Realty Assist at settlement. The finance charge to do this is surprisingly low.
Secondly, think about other issues that you might need money for in order to showcase your property in the right light to attract the buyer.
Property Staging can be costly but for certain properties it can be worth doing. I will write in more detail about this in a future post. Realty Assist can also fund your staging costs.
I'm a big fan of using Realty Assist to get the best results for my sellers.
Gary Angel
