What if my home needs a lot of repairs but I can’t afford to fix them before selling?’

To get the highest price for your house, it is ideal to put it on the market with most items updated and few, if any, repairs needed. Turnkey homes are what most people are looking for, so they create the greatest demand. However, some homeowners do not have the money to update or make repairs before selling.

Fortunately, it is still possible to sell your home as is. And some buyers are looking for properties where they can build some sweat equity.

“But as a seller, your expectations need to be realistic to know that you won’t get top dollar for your house if repairs or updates are needed.

If a significant issue arises during the home inspection—such as structural problems or major systems in disrepair—and you can’t afford to fix it but you still want to close the sale, the best option in that scenario is to obtain repair estimates and negotiate with the buyer to find a solution that works for you both.

“You can offer the buyer a credit or price reduction to account for the necessary repairs, allowing them to address the issues on their own after the purchase.

The buyer will have the option of continuing with the sale or voiding the contract if they have an inspection contingency.