5 Questions To Ask Yourself If You Are Thinking About Selling Your House in Utica

It’s important to be prepared if you are thinking about selling your house in Utica. Ask yourself these questions before selling your property to ensure you are making the right decision about how to sell! 

How Much Will The Repairs Cost?

selling your house in utica
This is a kitchen at a house we purchased in Rome NY as-is. The rehab on this kitchen will cost over $15,000!

When selling a house in Utica, you will inevitably have some repairs to make. Sometimes these repairs are simple. Maybe you need to patch a few holes in the wall, or touch up some paint here and there. You are in a great place if this is the case. However, most homes need more intensive repairs in order to sell. Home buyers in 2020 want brand new kitchens and brand new bathrooms, with rare exceptions! Kitchen rehabs generally cost $10,000-$15,000, and a bathroom rehab will generally set you back around $6,000 in Central NY.

If you decide to list your house, performing most of these repairs becomes necessary. Remember, retail buyers rely on traditional banks in order to purchase homes. The banks oftentimes have strict policies regarding the purchase. We see this often with FHA loans (first time home buyers mortgage, funded by the government). These loans can not be used to purchase a home that the current owner has not lived in for at least 3 months. They also will not fund a purchase for a house that has ANY paint chipping on the outside, regardless of how small and mundane. With a direct sale to Fast Cash Home Buyers, you won’t have to make any repairs. We buy as-is, saving you both time and money.

Can You Afford To Wait?

Owning a house costs money. Maintenance, repairs, utility bills, homeowners insurance, and property taxes can add up to a pretty penny, and that’s not even factoring in your mortgage costs if you have one. The longer you hold on to your unwanted property, the more it is costing you. Ask any real estate investor, and they will tell you that once you make the decision to sell, you’ll want to move quickly.

What Is The True Value of Your Home?

Many people have an uninformed number in their heads about what their house is actually worth. Maybe they will view a recent sale of a similar house and assume that their house will easily sell for the same price. This isn’t always the case. Factors like repair work, demand for housing, and fluctuating interest rates can all have an effect on what your property is really worth. At Fast Cash Home Buyers, we can help you get an accurate number so you can determine the best way to sell your house in Utica.

Do You Know About All The Costs You Will Incur Selling A House In Utica?

In addition to the repairs and holding costs, home sellers face a number of other costs when working with a real estate agent in Utica. In many cases, homeowners will find themselves paying for additional marketing, staging, professional cleaning, and landscaping services. When a house doesn’t sell on the MLS right away, homeowners will often spend money on the property to make it more appealing to potential buyers.

Should You List, FSBO, or Sell Directly?

Once you know what your house is really worth, you can factor in your repair costs, holding costs, commissions, and all the other costs associated with selling a house in Utica. This is how you can determine if a direct sale to [compnay], a traditional listing, or an FSBO listing will be right for you. Every property and situation are a little different, which is why it is always important to consider your options before deciding how to sell!

When it comes down to it, it’s important to be as informed as possible when deciding to sell your house in Utica. At Fast Cash Home Buyers, we want to make sure that you understand all of the details and costs that are involved with the sale of your home. By having the information you need, options to consider, and a team by your side you can trust, selling your house in Utica can be a profitable and stress-free process! Get an offer from our team today to find out what selling directly will mean for you and your house in Utica!

Selling your house in Utica? We are here to help make the process more simple! Contact us today for more information!