How To Sell A House That Needs Repairs In Lawrence MA

Feb 22, 2021
Need to sell a house now but you feel overwhelmed by repairs? Have you run out of time, forced to sell before facing foreclosure and eviction proceedings? Unable to perform the work or afford the expense of completing the repairs your home needs before you list it on the real estate market? As professional homebuyers in Massachusetts, we are aware of other options! We buy houses in Lawrence MA and in our latest post, read on to learn more about how to sell a house that needs repairs in Lawrence MA.

Sell As-Is

To sell a house that needs repairs in Lawrence MA, you could market the property “as-is,’ meaning that no repairs will be made. Nor will any credit towards the repairs be met as a contingency of the sale. Naturally, buyers expect a bargain price when they look at homes that need repairs so you must be prepared to take a loss. As most buyers will request an inspection, it would be wise to have your own inspection and appraisal done, so that you will be fully armed with financial facts at the negotiating table, about how much the repairs should subtract from the market value. Regrettably, lenders have standards for homes and require inspections and appraisals, so your pool of buyers is limited. Above all, be honest about everything, disclosure in real estate carries legal risks for you as the seller.

Make The Repairs

Another way to sell a house that needs repairs in Lawrence MA, in the hopes of selling at the full market is to have your home inspected by a professional, then get an estimate from at least three reliable contractors for the work. In this way, you will have a realistic picture of what you’ll go through what can be highly time-consuming repairs. Because surprises may arise that could add thousands of dollars to the process, you should include padding for these unknown issues being discovered. Be certain to allow a buffer of 10 percent more than the known work estimate to avoid being caught off guard. You should also allow a buffer of time, when you are making your plans, it is very easy for work crew schedules to get off track, causing delays down the line like dominoes. While there may be an average number of days on the market, there is no way to know ahead of time when or if the property will sell, so be certain you can afford to hold the property as well.

Direct Sale

Sadly, should you attempt to sell the home “as-is,” many buyers have immediately turned away, preferring homes in move-in condition, meaning even more time sitting on the market. After you have gone through the hassle, headaches, and expenses of making repairs, there is no closing date awaiting you at the end of it all. There isn’t even a guarantee the home will sell. The easiest way of all to sell a house that needs repairs in Lawrence MA is a direct sale. Because professional buyers, like New England Home Buyers, buy homes in “as-is” condition, you do not even need an inspection. With a fast closing date, usually within a week, and a guaranteed sale, professional buyers like New England Home Buyers help you solve your problems quickly. By making a direct sale to New England Home Buyers, you won’t need to worry about insultingly low offers. New England Home Buyers takes all the risks, letting you forget all about the concerns of disclosures, the headaches of showings, or losing time and money on making repairs.

Sell My House In Lawrence MA

Are you ready to sell a house that needs repairs in Lawrence MA right now? We will do all of the work while you are enjoying your earnings! Why not make a wise choice and start working with New England Home Buyers?

If you are ready to sell your house in Massachusetts, we’d love to make you a fair, no-obligation, and no-hassle cash offer on your property! We’re professional Lawrence MA home buyers and we offer cash for houses in Massachusetts. We can close quickly which would save you thousands of dollars vs. trying to sell the property yourself and waiting for months.

Ready to sell a distressed property in Lawrence MA? Just send us a message or call New England Home Buyers at (978) 228-1068 today!

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Contact us below or call (978) 228-1068 to speak with us about selling your home fast.

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