Can I Sell My Lakeland Fl Home If It Needs Repairs
The answer is yes. I always say this, "For every home for sale there is a buyer out there, we just have to find him or her". But there are several factors you need to consider first before putting your Lakeland Fl home up for sale if it needs repairs:
1. Choice of Lakeland Fl Agent
Your choice of which Lakeland Fl real estate agent to use would be a key factor in selling your home that needs repairs. Ask your real estate agent if they have been able to successfully sell homes needing repairs in the past.
He or she will be able to advise you on what repairs need to be done to sell the home in Lakeland FL and how to go about with selling your home if it needs repairs. Your agent will also be able to advise you of the possibilities of the home selling in its current state based on the current market conditions and comparable sales in the area.
Choosing the right Lakeland Fl agent is critical in selling a home that needs repairs since the agent will be representing you during the sale of your home. A buyer’s agent may use these repairs to sell against your home, so it is important that you hire an experienced agent that could negotiate well with the buyer when it comes to purchasing the home in need of repairs. The agent must be able to convince the buyer why they should purchase the home even if some repairs are needed.
2. Purchase price of the Lakeland Fl home
Once you put your home in Lakeland Florida up for sale and you know it needs repair, you should accept the fact that you may not receive the price that you expect for the home. Your home’s selling price will also depend on the prices of other homes for sale in the same area, or what is called the comparable market analysis. A home needing repairs can sell faster if the price of that home is slightly lower than the prices of other homes selling in the same area. Your Lakeland Fl agent will be able to advise you if your home is priced too high based on the needed repairs, especially if extensive repairs are necessary.
3. Extent of repairs
Another key factor in selling a Lakeland Fl home that needs repairs is by determining the amount of repairs your home needs. If your home only requires cosmetic repairs, then it would be easier to sell than a home that needs extensive repairs. The seller should complete all needed cosmetic repairs like repainting and fix leaking faucets, as advised by your real estate agent. This may help in assuring the buyer that they will have less work and repairs to do on the home and probably convince them to buy the home.
As a seller you must disclose condition of the home by completing a property disclosure form. If your home has a roof leak or the heat & a/c unit is no longer working that may affect the market value of your home. For example, if you home had termites and you repaired it, it must be disclosed. If your home had a roof and plumbing leak, it must be disclosed. It is also best to consult with a home inspector before putting your home on the market. A home inspector should point out what needs to happen to make the inspection satisfactory to a potential buyer.
Before you put up that “For Sale” sign on your Lakeland Fl home, make sure to hire an experienced Lakeland Fl agent to help you sell your home if needs repairs.
I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris - REALTOR(R) at 863-619-6918. If you’re new to Lakeland, I’d especially like to extend a warm welcome. I value my clients and provide them with honest, reliable service. Allow me to introduce you to the Lakeland FL real estate landscape and all it has to offer.
Authored by Petra Norris
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
