Selling a House In Need of Repairs in Southern California

Do you need to sell a house that is in need of expensive repairs? Whether it is neglected maintenance or updating, mold, fire damage, water damage, termite damage, or foundation issues, you may want to sell your Southern California house in as-is condition. If you do not have the time, money, or patience to deal with all the repairs that need to made before you can put your house on the market, give Winn-Winn Homebuyers a call. We have been successful in helping many other homeowners sell their house as-is with no cash out of their pockets.

Your Options for Selling a House In Need of Repairs

If you have a property that need repairs, you have a few options available to you. You can make all of the repairs before listing your house on the market, you can list it and try to sell it as-is, or you can sell direct to cash buyers like us.

Here are the pros and cons for each scenario:

1. Make All Necessary Repairs and Put It Up For Sale

• Pros
  • This will get you the highest offer for your house
• Cons
  • You have to pay out-of-pocket for all of the repair costs before selling the house
  • Most home updates do not improve the value of the home by the same amount
  • You have to deal with the headache of hiring and managing contractors throughout the process
  • If your repairs are not done correctly or completely, you will run into issues during the home inspection
  • You still have to pay all the traditional closing costs and commissions (Usually costs 8%-10% of the sale price)

2. Sell It As-Is

• Pros
  • No money out of pocket for repairs
• Cons
  • These houses tend to sit on the market for a long time (3-6 months)
  • Any offers will likely come from investors who will low-ball you
  • Depending on condition, your house may not qualify for the buyer’s bank to finance it
  • Just because your house is marketed for sale as-is doesn’t mean a buyer won’t request repairs after an inspection
  • After months of your house sitting on the market, you may have to choose one of the other options after all

3. Sell Direct to Cash Buyers

• Pros
  • No money out of pocket for repairs
  • No formal inspection or appraisal
  • No escrow fees or realtor commissions
  • Close escrow in as little as 7 days
  • No cleanup- take what you want, leave behind what you don’t
• Cons
  • You will not get top dollar for your house- the buyer will still have to make those repairs

Which Option Works Best For You?

Not Sure How To Sell Your Distressed Property?

Ask Yourself These Questions…

• How much do I want to spend upfront?
  • If this number is less than what it will cost to make all the necessary repairs before listing your house on the market, you will have to sell As-Is or direct to cash buyers
• How soon do you want to sell?
  • If you don’t have 3-6 months to wait, selling direct to cash buyers is your best option

We have helped many homeowners sell their property that was in need of repairs. No matter what your situation is, we will help you determine what is the best option for you. To learn more about selling a house as-is, get in touch with our team today!