How to Handle the Sale of a Fixer-Upper

Virginia Beach Real Estate Podcast with Robbie McCarty

If you need to sell a fixer-upper, you're probably wondering whether it's smarter to sell it as-is or make the necessary repairs to sell for a higher price. Here's how to make that decision.

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Selling a fixer-upper home can be challenging since it needs extensive updates or renovations. The main question is usually whether you should sell it to an investor without doing any repairs or to take on the repairs yourself and sell the house for more money.

The big challenge is that you probably won't have the same resources as a builder or investors, who typically have full-time labor crews. If you take on the repairs yourself, the cost of labor and materials would be much higher than it would be for a builder.

That challenge usually begs the question of whether the cost to you will actually be worth the rewards on the back end. Oftentimes, it's not.

If you need to sell a property that needs a lot of repairs or renovations, come talk to me. I can typically get you a cash offer for the house within three days. If that offer makes sense, we can usually even close within 10 days. Since there are no inspections, repairs, or appraisals, it's a quick turnaround.

Builders and investors can get cheaper labor and materials.

I'll even list out the repairs and the cost, as well as what the profit would be on the back end. That will help you weigh the offer and really crunch the numbers to see if it makes sense for you.

If you or anyone you know is in this position, give me a call or send me an email soon. I'd love to help you!