Hello, r/RealEstate
I need some advice. I recently accepted a job in another city. My family and I will need to move about six hours away from where we currently live. We're currently in a suburb of St. Louis.
Basically, we do not have the time or money to put much into our house to get it ready to sell. As far as we are aware, there isn't anything major wrong with the house. The roof is about seven years old and we've had no issues with leaking. The HVAC works perfectly fine. There are some hairline cracks in the basement wall, but none of them are deeply concerning as far as I am aware.
There are a bunch of medium and small repairs and renovations that we'd love to do if we had more time and more money to work with. I consider medium repairs to be anything between around $500 to around $5,000. And small repairs are anything under $500. These are just my rough categories.
Medium repairs/renovations:
- replace awful concrete counters and sink in kitchen
- landscaping. We mow our lawn and do a little weeding, but there is a lot more that we could do to raise curb appeal.
- seal hairline cracks in the basement
- We have a broken window in our sunroom. That room is not connected to the HVAC of the house, so we've not worried about it much. We have a screen in that window. We basically treat the room like a patio and only use it during nice weather days, so it hasn't been a priority.
Small repairs:
- one of the upstairs rooms is missing a doorknob (kids...)
- cracked outlet covers here and there
- scratches on some of the floors
- Loose baseboards
- Rooms need painting
- loose railing on the stairs.
These lists are not exhaustive. Just trying to give you an idea of the situation here.
My wife and I are not very handy, but we can do some basic repairs. We can probably tackle all of the small repairs around the house. But the problem is that we don't have a ton of time. We both work full-time. We have three small children. We are trying to pack, downsize, and figure out our new life in a new city (schools, housing, etc.). I'm wondering if it's actually worth it to spend my limited free weekends running to Lowe's to fix simple things.
We have to sell our house. We can't afford to rent it out. We bought for ~$360k back in 2023. Zillow gives an estimate of $424k today. I know the Zillow estimate has to be taken with a big grain of salt.
So, what is your advice for the best way to sell this house given our situation? Here are a few ideas that I'm considering:
- Sell the house "as-is" to a company that buys houses.
- Sell the house "as-is" by owner to avoid some real estate fees. I've read others who sold their house "as-is" by getting an inspection and posting the results along with a price that reflects the condition and needed improvements.
- Sell the house "as-is" with a traditional real estate agent.
- Do a cash-out refi in order to repair the house and sell it for as much as we can. I don't think this is a good option for financal reasons. And I don't want this thing hanging around our necks for the next 6-9 months.
- other options?
What do you all suggest? We know that all of these options will get us less cash than trying to get top-dollar by renovating/repairing it. We are fine with taking a reasonable hit finacially just to get out of this house and move to our new city. But, if one of these options is a much smaller financial hit than others, that would be ideal. As you can imagine, we want to get as much money as we can reasonably get from this property.
What do you all think are our best options? Is there something we're not considering? Thank you for the help. We're excited for our new life in a new city, but this adulting thing is stressful. I appreciate you taking the time to read.
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source https://www.reddit.com/r/RealEstate/comments/1t66yjg/selling_as_is_advice/
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