Have you ever considered selling your house directly? Did you even know it was possible? Sellers facing the reality of expensive and extensive repair costs are all too often overwhelmed with the work, time, and drain of resources of fully preparing their Hawaii home for a traditional listing. Selling on your own (called a FSBO) or with a licensed Hawaii real estate agent usually entails much of the same process. While you may save thousands in commissions by making the repairs and selling your house yourself, you’ll invest more time handling everything that your agent otherwise would have, from the very moment a sign is up in the front yard and listed on the internet through to day of closing the sale. So…..more time and money both fixing the house and selling it…..doesn’t sound so appealing, does it?
“Curb appeal” plays a significant role in the marketability of a house, especially when listed on the MLS and other online sites where buyers scroll through quickly. Because most buyers today are looking for homes that they can move into immediately, you’ll be competing for them to take the time to view your property instead of the other houses for sale down the street. You want a home that’s attractive to potential homebuyers within the first few seconds of seeing it online or the first few minutes of driving up to the house itself.
Did you know that there is an easier way to sell your home for a fair price? Wouldn’t you like to save yourself from all the headaches and costs of repairs, along with the added pressures of constantly cleaning and moving your family life around showings and open houses? Maybe there’s a company that can help…..a company that buys houses in Hawaii! (yes, it’s us….)
Read on to learn more about how selling your Hawaii house directly to a professional buyer like us could save you tens of thousands of dollars in repair costs.
Fluctuations in Supply Costs
Lumber is expensive right now, as you may have heard in the news, more than 112 percent higher than last year as of this writing; other home improvement products such as drywall and even roofing and siding are also getting more expensive. Demand for lumber and other supplies has increased because more buyers are in the market looking for a home while interest rates are unusually low – makes sense. Also, many homeowners have chosen to invest in their current homes, making repairs and upgrades they’ve put off for a few years.
This built-up demand has caused building materials and supply chains to fall behind in production, adding to the costs that consumers are forced to absorb. When you contact a professional for an estimate on repairs, you shouldn’t be surprised when you see a time limit on the cost estimate or even an allowance for changes in actual costs given the volatility of material prices. This lag time in materials will eat away at your net sale proceeds as you must continue to pay the mortgage and all of the other monthly expenditures as the home renovation project lingers on.
However, when you sell your Hawaii house directly, you can stop stressing because you don’t need to worry about upgrades or repairs ever again — as professional buyers, we will buy your home as-is, meaning the cost of materials is no longer your problem. It is easy to see that selling your Hawaii house directly to a professional buyer like us at Oahu Home Buyers will save you from paying for any repair costs, which can quickly add up to tens of thousands of dollars.
Repair costs can spiral out of control, and this is why experts recommend adding at least a buffer of 10 percent to the estimated repair budget. All too often, unseen problems lie hidden (leaky roof, rotting eaves, plumbing issues behind the walls), discovered when the project is midway through completion. These discoveries are all too often very serious, such as with the foundation of a building. Depending on your financial situation, failing to plan for all contingencies could bring everything to a quick halt while you reassess your finances and options. Even when you’ve gone to the expense of hiring a professional to inspect your home and contacted at least three pros for repair estimates, surprises are an inevitable part of the repair process, especially in older homes that are found throughout Hawaii.
Suppose you decide to place a home in a state of disrepair on the market. In that case, you can expect extremely low offers from buyers who will be expecting an unrealistic discount to buy your home’s problems and do the necessary work, negotiating with you to lower your asking price with an inflated estimate for the repairs (you wouldn’t believe some of the estimates we’ve seen). In some cases, even if you’re unaware of a serious flaw with the home, sellers could end up facing legal issues and even more expenses.
When you sell your Hawaii house directly to direct buyers like Oahu Home Buyers, they take on all of the risks of any potential problems. Selling to a professional buyer could potentially save you from additional hidden repair costs that can otherwise quickly balloon to tens of thousands of dollars in a market like Hawaii.
At Oahu Home Buyers, we will handle it all! If you face expensive repairs like a faulty sewer line, old roof, knob and tube electric, corroded plumbing, etc., now is the perfect time for selling your house directly to Oahu Home Buyers. When you work with Oahu Home Buyers, there are no commissions or hidden fees that will be coming out of your proceeds at closing. Talk to the professional buyers at Oahu Home Buyers about all of the ways that selling your house directly to Oahu Home Buyers will save you money. Get a free, no-obligation offer from Oahu Home Buyers and see how easy we make the process! Send us a message or call Oahu Home Buyers at (808) 333-3677.