If you are looking to sell your home in the Seattle area, you’re lucky in that you have quite a few options to do so. Seattle has one of the most robust economies in the United States, and plenty of people are looking to move here every single day. A couple of years ago, the Seattle Times ran an article showing that Seattle was the fastest growing city in the entire United States. Suburbs, such as Kent, Renton, Issaquah, Bothell, and Kirkland are all experiencing growth as well.
If you are a seller, this is excellent news for you. You should have no problem finding a buyer for your home! However, if you’re thinking, “I want to sell my home Seattle,” there is one question that remains: what’s the best way to do that?
Don’t Sell To A Cash Buyer Or A Flipper
There are lots of companies and individuals on the internet that are offering to buy homes for cash. If you live in Seattle, you’ve probably seen ads for them. They promise fast closings and guaranteed results. Although that may sound tempting since it’s so quick and easy, you will pay a steep price for it.
Consider the following scenario. Suppose average homes in your area are worth $500,000. Maybe they can go as high as $550,000-$600,000 if they are immaculate and marketed well.
A cash buyer will not give you the asking price you want or deserve. Their goal is to turn as much of a profit as they can make. They might offer you $400,000, perform a few cosmetic repairs to the tune of $20,000, and hang a for-sale sign out front. With Seattle being such a hot market overall, they’ll have buyers in no time. Maybe one of them offers $520,000. After real estate fees and commissions, they make close to $80,000 – money that really should have been yours.
Selling to an investor or a flipper is a bad idea, even if your home is in disrepair.
Don’t List Your Home Without Performing Repairs And Renovations
Some people decide to put their home on the market “as-is.” Maybe there are serious issues like the roof needs repair, or there are cracks in the foundation. Often though, the problems are minor. The home needs a new coat of paint, or the kitchen looks dated. They figure that it’s easier to try and sell it with the flaws. Perhaps someone will like it and be willing to buy it as a do-it-yourself fixer-upper.
The problem is that homes that need repair attract flippers and investors. Families and other people that are willing to pay top dollar for your property want a home that is in move-in condition. Even though it might be a good deal for a family, they usually are uninterested in having to fix a place up before moving in.
To prove this point, staged homes sell for a higher price and more quickly than non-staged ones. There are a few reasons for this, but the main one is that buyers can visualize their furniture. They can see themselves living in the space, and that makes them want to buy the house.
How well can you imagine paying many hundreds of thousands for a property with dated decor, old flooring, or chipping paint? Is it easy to envision yourself in that property? If you think like a buyer, it’s not that easy. Buyers wind up declining these properties, which makes it much harder to sell.
Do Perform Repairs And Then List Your Property
If you are looking to sell your home and maximize your monetary gain, the best court of action is to perform the repairs and renovations and then put it on the market.
To do that, you’ll need to update your home’s decor. There are certain parts of your home that will give you the maximum return on investment. The kitchen usually has the best ROI. Update your countertops, appliances, and cabinetry. You want your kitchen looking impressive, as that will be a focal point for buyers!
Cosmetic repairs usually have the best bang-for-your-buck. Put a fresh coat of paint on the inside. Make the colors look modern. Also, you’ll want to fix up the exterior landscaping, so your home has lots of curb appeal! Ask your real estate agent what they think should be updated in your home. They typically will have suggestions based on their experience.
Sell My Home Seattle With Fiximize
Fiximize is a revolutionary way for people to sell their homes in Seattle. Historically, the issue with performing renovations before selling is that these fixes require money. Even though they’ll let you command a higher price on the market, they still have historically needed money to complete upfront.
Fiximize solves this issue by deferring payment on renovations until the time of sale. However, Fiximize is so much more than that. Using specialized software, Fiximize identifies the best spots in your home to renovate. It finds the expected return on investment for each home renovation and picks the ones to tackle. For example, a whole house painting might result in a sales price that is $10,000 higher but only cost $5,000 to complete. That’s a high return! Another project might cost $10,000 to do but only increase the sales price by $2,000. That’s a project to avoid. Fiximize’s advanced proprietary technology identifies these repairs to maximize your gain and minimize your expenditures.
Fiximize also delays payment for the renovations until you close. Going back to the earlier example, instead of selling your home to a cash buyer for $400,000, let’s suppose you went to fiximize. Fiximize identified $20,000 worth of repairs that resulted in an extra $50,000 on the sales price. You pay nothing out of pocket. The home sells for $550,000. Fiximize gets $20,000, and your agents get $30,000. You pocket $500,000 instead of $400,000 selling to a cash buyer.
Don’t sell to an investor or put your home on the market without doing any renovations. When you sell your home, maximize with Fiximize!