Home renovations can be costly. They can also take quite a bit of time, depending on what you’re having done to the property. So, why should you consider fixing up a property that you’re planning to sell?
If you’ve recently lost a loved one, you may be feeling a bit overwhelmed. There are many things that need to be done in order to close out a deceased family member’s estate. This is the case, even if they were not ultra-wealthy.
Every year, millions of people lose loved ones who leave valuable assets behind, such as a home or other type of property. Depending on how the assets are titled – and whether or not the decedent had a valid will – some or all of these valuables may have to go through the process of probate.
The COVID-19 pandemic has slowed down a wide array of both social and business activities. But even with all of the “new normal” social distancing requirements, one area of the economy that has seen a dramatic upswing is home sales.
Many people love their homes – especially if they have lived in the property for a number of years and made it “their own” through various décor and other personal touches. But oftentimes, even though a home is functional and appealing to its residents, it may not necessarily be worth top dollar to a potential buyer when the time comes to sell it.
There comes a time in every real estate investor’s life when they are ready to step away from maintaining rental properties and managing tenants – and ultimately reaping the rewards of the equity in their investment(s).
There comes a time in every real estate investor’s life when they are ready to step away from maintaining rental properties and managing tenants – and ultimately reaping the rewards of the equity in their investment(s).
If beauty truly is in the eyes of the beholder, then getting a significant purchase offer for a client’s home that is only so-so on the “prettiness” scale could seem like it is next to impossible. One solution for this is to have the homeowner renovate and update, in turn, making the property stand out to potential buyers – and resulting in a higher sale price (along with a higher amount of sales commission for the realtor!)
Selling your home as-is can allow you to transfer your current property without laying out a considerable up-front expense for “dressing it up.” But even if your home sells relatively quickly in its present condition, it can typically result in much less money in your pocket.
