Should You Invest In Remodeling Your Home Before Selling It?

I have noticed a trend in home sales due to the present economy

, and that trend involves selling a house as is. Whenever homeowners find themselves in a rush to sell or without the resources to fix up their home to command the highest possible selling price, that's the time they need to think seriously about selling a home as is to accomplish their goal of a sale.

What makes this kind of sale so unique when trying to sell a home? Well, that is the most important question to really understand how to go about selling a home as is, because you're not looking for the average home buyer at all. You are actually looking for someone in the business of purchasing homes to remodel and resell for a profit. These people are generally referred to as real estate investors, and they operate in cities all over the country. My own business as a real estate investor has been my primary source of income for over thirty years now and during that time I've seen a lot of others get involved in renovating homes to resell. There have been periods of time when it was a pretty lucrative business and other times when the going is pretty tough.

Obviously, what matters most to homeowners is the sale price. People are not concerned about what their buyer is going to do with the home once they have moved out and have no further responsibility for it. But the dollar amount an investor can afford to offer people who are selling a home as is will be determined, in part, by how much he expects it to bring once the renovations are complete and it's back on the market at a higher price. That's why sellers have to give consideration to the current state of the housing market in spite of the fact they are in a hurry to sell and move away.

Selling a home as is can be the best way to accomplish your real goal of moving on, but there will very likely be a price concession to make, and you have to know that in advance. An investor is calculating not only the cost of necessary repairs and renovations, including materials and labor, but also his eventual profit. Since the profit is his goal, if his profit calculations don't work, then he won't make an offer on your home. It's just that simple. So keep these realities in mind when you're selling a home as is.

by: Leo Kingston

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