Have you ever considered selling your Phoenix house directly?
Sellers facing the reality of repair costs are all too often overwhelmed with the work, time, and expense of readying their home for a traditional listing.
Selling on your own or with a licensed real estate agent entails much of the same process. While you’ll potentially save thousands in commissions by making the repairs yourself, you’ll invest more time handling everything that your agent would have, from the time a sign is up in the yard and listed on the internet through to closing day.
Curb appeal plays a significant role in the marketability of a house, especially when listed on the MLS and other online sites where buyers scroll through quickly. Because most buyers are looking for homes that they can move into immediately, you must compete for them to take the time to view your property.
Did you know that there is an easier way to sell your home for a fair price?
Wouldn’t you like to skip all the headaches and expenses of repairs, along with the added pressures of constantly cleaning and rescheduling your family life around showings and open houses? A professional buyer handles everything for you in one meeting, walking you step by step through the process.
Read on to learn more about how selling your Phoenix house directly to a professional buyer will save you thousands in repair costs.
Fluctuations in Supply Costs
Lumber is expensive right now, more than 112 percent higher than last year, other home improvement products such as drywall and even roofing and siding. Demand for lumber and other supplies has increased because more buyers seek the advantages of having a home of their own. Many homeowners have chosen to invest in their homes, making repairs they have been putting off and upgrades for home offices, schooling, and more family-based activities.
This increase in demand has caused building materials and supply chains to lag in production and adding to the costs that consumers are absorbing. When you contact a professional for an estimate on repairs because of the fluctuations in supply costs, you shouldn’t be surprised when you see a time limit on the cost estimate or even an allowance for changes in actual costs.
This lag time in materials will eat away at your profits in holding costs as you continue to pay the mortgage and all of the other monthly expenditures as the project lingers on.
When you sell directly, you can stop stressing because you don’t need to worry about upgrades or repairs, and professional buyers will buy your home as-is, meaning the cost of materials is no longer your problem. It is easy to see why selling your Phoenix house directly to a professional buyer like those at Oak Street Properties will save you from paying for any repair costs, which can quickly add up to tens of thousands of dollars.
Surprises
Repair costs can spiral out of control, and this is why experts recommend adding 10 percent to the estimated repair budget. All too often, unseen problems lie hidden, discovered when the project is midway through completion. These discoveries are all too often very serious, such as with the foundation of a building.
Depending on your financial situation, failing to plan for all contingencies could bring everything to a screeching halt. Even when you’ve gone to the expense of hiring a professional to inspect your home and contacted at least three pros for repair estimates, surprises are an inevitable part of the repair process, especially in older homes.
Suppose you decide to place a home in a state of disrepair on the market. In that case, you can expect excruciatingly low offers from buyers who will be expecting an unrealistic discount to buy your problems and do the work, negotiating with you to lower your asking price with an inflated estimate for the repairs.
In some cases, even if you’re unaware of a serious flaw with the home, sellers end up facing legal issues and even more expenses. When selling your Phoenix house directly to direct buyers like Oak Street Properties, they take on all of the risks of any potential problems.
Selling to a professional buyer could conceivably be saving you from additional hidden repair costs that can increase your repair expenses by tens of thousands of dollars.
Time and Convenience
One of the most significant advantages of selling your Phoenix house directly is the time and convenience it offers. Traditional home sales can take months, from listing to closing, and during this time, you’ll need to keep your home in show-ready condition. This means constant cleaning, staging, and the inconvenience of having to leave your home during showings. Additionally, you’ll need to be available for inspections, appraisals, and negotiations, all of which can be time-consuming and stressful.
When you sell directly to a professional buyer, the process is much quicker and more straightforward. You can often close in a matter of days or weeks, rather than months. This means you can move on with your life sooner, without the ongoing stress and inconvenience of a traditional sale. Plus, you won’t have to worry about the deal falling through at the last minute due to financing issues or other complications.
Financial Certainty
Selling your home directly to a professional buyer also provides financial certainty. In a traditional sale, there are many variables that can affect the final sale price, including the results of inspections and appraisals, buyer financing, and market conditions. These uncertainties can make it difficult to plan for your financial future.
With a direct sale, you’ll receive a firm offer from the buyer, and you won’t have to worry about any unexpected costs or delays. This can provide peace of mind and allow you to make more informed decisions about your next steps, whether that’s buying a new home, investing in a business, or simply enjoying your newfound financial freedom.
Avoiding Market Uncertainties
The real estate market can be unpredictable, with fluctuations in home prices, interest rates, and buyer demand. These uncertainties can make it challenging to sell your home quickly and for a fair price. By selling directly to a professional buyer, you can avoid these market uncertainties and secure a guaranteed sale.
Professional buyers are experienced in navigating the real estate market and can offer you a fair price for your home, regardless of market conditions. This can be especially beneficial if you need to sell quickly due to a job relocation, financial hardship, or other personal circumstances.
Avoiding the Hassle of Showings
One of the most stressful aspects of selling a home traditionally is the constant need to prepare for showings. You’ll need to keep your home in pristine condition, which can be particularly challenging if you have children, pets, or a busy lifestyle. Showings can be disruptive to your daily routine, and you may need to vacate your home at a moment’s notice to accommodate potential buyers.
When you sell directly to a professional buyer, you can avoid the hassle of showings altogether. There’s no need to stage your home, keep it spotless, or rearrange your schedule for last-minute showings. This can make the selling process much more convenient and less stressful for you and your family.
No Need for Repairs or Upgrades
One of the most significant advantages of selling your Phoenix house directly is that you won’t need to make any repairs or upgrades. Traditional buyers often expect homes to be in move-in condition, which means you may need to invest time and money into fixing any issues and making improvements. This can be particularly challenging if your home requires extensive repairs or if you’re on a tight budget.
Professional buyers purchase homes as-is, which means you won’t need to worry about making any repairs or upgrades. This can save you a significant amount of time, money, and stress. You can sell your home in its current condition and move on with your life without the burden of costly repairs.
At Oak Street Properties, we will handle it all! If you face expensive repairs, now is the perfect time for selling your Phoenix house directly to Oak Street Properties. When you work with Oak Street Properties, there are no commissions or hidden fees that will be coming off of your cash payment at closing. Talk to the professional buyers at Oak Street Properties about all of the ways that selling your Phoenix house directly to Oak Street Properties will save you money. Get a free, no-obligation offer from Oak Street Properties and see how easy we make the process! Send us a message or call Oak Street Properties at (480) 637-5500.