Fixers might have been appealing a decade ago, but today they’re leaving buyers cold, said McKenzie Ryan, a Compass agent in New York City.
“Ten years ago, most people wanted to add value and put their own stamp on it,” she said. “Now that’s been such a change, especially with millennial buyers – they want a finished product. They don’t want to invest in sweat.”
For homeowners who don’t have the money or time for a renovation, new options can help sell a property at no cost.
Renovations before the sale with no upfront costs
Ryan was hired to sell a two-bedroom, two-bathroom condo on Manhattan’s Upper West Side after the owners were unable to sell it with another agent at a list price of $ 1.3 million.
Feedback received by sellers was that potential buyers would be more interested in the home if it was updated.
“When I did this with properties, my listings sold faster and at a higher price compared to similar properties in the building,” Ryan said.
Sell quickly without presentation
Homeowners can sell as is, free of charge, repairs, cleanings, or viewings, and can also get up to $ 10,000 cash advance on the sale in advance to help with the move, if needed. Some closures took place in as little as 10 days.
“When people come to us, we assess three things: do you have the money for the renovations? Do you have time ? Do you have the know-how? Said Josh Stech, CEO of Sundae. “If the house needs a little too much work, selling at Sundae may be a good option.”
And Stech said sometimes people need a hand to hold, because a quick sale is often brought on by some unforeseen life event.
“A lot of times people are under duress,” Stech said. “They’re going through an unfamiliar, high-stakes transaction and there’s usually a move, divorce, or death involved.”
Selling the house without showing up – especially for people with serious pet issues, a history of hoarding, or real estate sales in which family members may not be nearby – may be the most important part. attractive to some sellers.
For many people, he said, what happens at home matters even when they walk away.
“They want a family to live there,” Stech said. “They want to see the house have the kids and the dog running around the yard like they remember 30 years ago. They just can’t do the work to make it happen.”