Selling a house in Kentucky is expensive. By the time you subtract realtor commissions, closing costs, inspections, appraisals, and other expenses, you may have little profit. Perhaps the biggest selling expense is making repairs or upgrades to the house. Major repairs can cost thousands of dollars, taking a sizable amount out of your selling price.
Some of the most common major repairs include roofing replacement, HVAC replacement, kitsch & bathroom home improvements, or window and door replacements. However expensive these repairs are, they may be necessary for you to attract buyers in a competitive Kentucky real estate market.
Why Do I Need to Repair My House Before I Sell It?
There are many reasons you need to make home repairs before you sell your house on the market.
1. The House Has to Pass Inspection
By law, every house in Kentucky has to meet minimum building safety codes. If a house fails to meet the codes, the city can be fine the owner or condemn the property. For this reason, your house must pass inspection before you can sell it. If it does not pass a home inspection, you’ll have to make repairs before you can put it on the market.
2. You’ll Have to Reduce the Price Significantly
If you don’t make the necessary repairs to your house, you’ll have to reduce the price significantly to find a buyer willing to buy the house as-is. How much do you need to drop the price? You’ll probably need to reduce the price to the equivalent of the cost of repairs.
3. The Average Buyer Will Not Buy Your House on the Market
There are hundreds of houses in Louisville, Kentucky. There is enough competition that is likely to attract buyers unwilling to pay money for your damaged house. As a result, your house could stay on the market indefinitely.
How Much will It Cost to Repair My Kentucky House?
Every house is different. So the cost of repairs will vary depending on the nature of the job and the depth of the damage. Some of the most expensive home repairs include
Average Cost of Repair
|How water heater replacement||$1,000|
|Sewer line replacement||$2400|
|Septic tank repair||$1500|
Is It Possible to Sell My House As-Is Without Repairs?
Yes. It is possible to sell your house as-is without making a single repair. Instead of listing your property on the market and selling your house the traditional way, you can sell your house as-is for cash to a company that buys houses in Louisville, Kentucky.
In a cash sale, a house-buying company makes a cash offer to buy your house as-is. If you accept the offer, you close the house sale and get paid cash for the property. The simple process can save you thousands of dollars in repairs. What are the benefits of a cash home sale?
You Make Zero Repairs
One of the biggest benefits of selling your house as-is for cash is that you don’t make any repairs, which saves you time and money. Instead of paying thousands of dollars to repair the house, you can pocket that money. Plus, you don’t have to worry about up-front costs.
You Don’t Have to Schedule a Home Inspection
The main reason you need to schedule a home inspection in a traditional home sale is for the safety and financial stability of the buyer. In a cash sale, the house-buying company is willing to buy the house as-is with no conditions. So, you don’t have to schedule an inspection.
You Don’t Have to Stage the House
Even if you manage to bypass home repairs in a traditional sale, you will likely still need to do some home improvements or stage the house. Home staging can be time-consuming and drain your finances quickly.
When you sell your house as-is, you do nothing to prepare the house for a sale. Simply sell the house, get paid and walk away with no strings attached.
Sell Your House As-Is for Cash in Louisville, Kentucky
If you need to sell your house fast, you can do it without a traditional home sale. We Buy Real Estate can pay cash for your house today. We buy houses as-is in Louisville, Kentucky. Call 502-458-2722 to get a fast cash offer.