Are you at a crossroads because you hired a realtor pushing you to renovate but you think it’s a waste of time? We absolutely understand where you are coming from. Renovations are not cheap. And they’re time-consuming. Inarguably though, it does have its benefits if your strategy is right. By strategy, we mean knowing what renovations to prioritize and to whom you are making the design. Otherwise, it’s just going to be the juice that’s not worth the squeeze.
So if you’re confused between going with your realtor on this or trusting your instincts, here are some information that could help you evaluate.
The Truth About Pre-Sale Renovations
Pre-sale renovations don’t just involve replacing old cabinets with new ones or repainting your walls with more vibrant color. It also involves a thorough planning process. Trends and people’s preferences change over time, with some making a comeback every few years. What’s pleasing to your eyes as the homeowner may not be what you target buyers like as well. This is why plenty of pre-sale renovations don’t ROI as much, no matter how much money and effort was invested onto them.
If your real estate agent (REA) strongly suggests that you renovate, it would be best to see whether that person has a good eye for design — or at least has experience in successful pre-sale renovations. You’ll know whether a person is bluffing about his profile or not based on how they answer your questions. So don’t be shy and ask your REA about design ideas and strategies as much as you can, and don’t forget to ask their ROI projections.
Should You Change Your Realtor?
If you’re convinced with your REA’s advice, then, by all means, go for it. In today’s time, budget is never an excuse anymore because there are private home renovation programs and government-backed home renovation grants you can check out. These presale renovation programs cover 100% of your renovation costs and allow you to pay them after you’ve sold the house. This has become a value-added service offered by plenty of brokers and realtors, so there’s no surprise if your real estate agent offers you one.
On the flip side, if your circumstances are highly unfavorable (based on the table above) and your REA is just not listening to you, you might come to a point where you feel like terminating the services of your REA. When this happens, don’t be afraid to speak up. You can terminate the services of your REA provided that you haven’t signed any contract binding you to the company. Do note, though, that this rarely happens. We would recommend giving your REA a chance, but remember that it’s you who has the final say at the end of the day.
What Happens If I Don’t Renovate?
This may seem like a tricky question, but the honest answer is, nothing drastic will happen if you sell your Warner Robins home without renovating it first. Some would say that you’d have difficulty finding a buyer, but this isn’t entirely true. With the growing number of real estate investors in the country (even worldwide), your home’s chances to sell fast have never been better — even with the recent Coronavirus global pandemic.
Not renovating doesn’t also guarantee a reduced purchase price (the final price paid for your home by your buyer). You’ll have an official appraiser calculate the value of your home and your REA to determine the final sale price based on the market situation. Ergo, your price will be reasonable. And it’s up to you if you’re going to give in to your buyer’s request to lower the price or not.
Who Will Buy My House If It’s Ugly?
If you don’t want to renovate, you can sell your Warner Robins home as is 100%. Nothing is too ugly for the buyer who has a keen eye for potential, even if your house, for example, is in a very uninhabitable state. Homebuyers don’t just include people who wish to buy their primary residence. It also includes different types of real estate investors such as house flippers and wholesalers.
You can reach out to us at Spire Property Solutions to learn more about your options. Unlike many other home buying companies in Warner Robins or Georgia, we never make a cash offer for your home the moment you step into our office. Instead, we always try to help you find other workable options if you aren’t confident with your real estate agent.
Otherwise, you can sell your home fast for cash to us, and you can trust that our offer is always reasonable. At Spire Property Solutions, we buy houses in Warner Robins and other Georgia counties in as-is condition. This means that you won’t have to think about a single inch of renovation to receive cash for your home. Call us today at (678) 318 – 1801 or leave us your contact information in the form below.
Looking forward to hearing from you!