Selling a Home that Needs Major Repairs: Evaluating Your Options

Selling a Home that Needs Major Repairs: Evaluating Your Options

Selling a house is a big undertaking, and it can be even more complex when you’re selling a home that needs major repairs. Most homebuyers are looking for a house that is move-in ready. So if your property is going to turn up expensive issues on an inspection—if it needs a new roof, new floors, or HVAC repairs, for example—it can be at a major disadvantage on the market. But there are a few different options when it comes to selling that house. You may want to renovate the house before you sell it. You may list it without making renovations. Or you might sell your house directly to a real estate investment company. Each of these choices requires different actions from you and can lead to different results, so you’ll need to pick the one that best suits your situation.