When it comes time to sell your beloved Tulsa home, there may be many questions that arise. If your home has unfinished construction, you may be wondering “How can I sell my house as-is?” The good news is that it’s not only possible but very easy to sell your Tulsa home with unfinished construction. Read on to learn how:
Should I finish renovations before selling my home?
As with most things in life, there are options when it comes to selling your Tulsa home with unfinished construction. The two main options you have are to either complete all the unfinished renovations or sell your house as-is. Deciding on which option to choose will depend entirely on what your main objectives are for the sale of your house. The main factors regarding your decision will probably be time and money. On one hand, completing all the unfinished construction before selling your Tulsa home will likely lead to a higher sale price. However, the amount of time and money that would be required to complete the work may not be advantageous in your situation.
A good way to determine whether or not you should finish your renovations or sell as-is, is to get estimates. If you speak to a local contractor in your area, they may be able to give you an estimate on how long it will take and how much money it will cost to complete the remaining work. Then, it may be a good idea to speak with a Tulsa realtor to get an idea of what the home could sell both before and after the construction is finished. Once you have all your estimates, you can figure out how much money, if any, you will profit by completing the project. If the profit is minimal and the construction is time-consuming, it may be a better option to sell the house as-is.
How do you sell your house as-is?
Selling your Tulsa home as-is will not be the same as selling it the traditional route. For starters, the majority of traditional home buyers are looking for a house that is move-in ready. Therefore, if you are selling a home with unfinished construction, your pool of buyers will be limited. One of the quickest and most efficient ways to sell a Tulsa house as-is is by selling your home to a home buying company. Cash home buying companies in Tulsa have the capital to give you a fair, cash offer for your home in as-is condition. The process is simple and frees up your time so you can focus on the more important things going on in your life.
What are the advantages of selling to a cash buyer?
While there are numerous advantages to selling your Tulsa home as-is to a cash buyer, efficiency is the main one. Selling a home the traditional way can take months and cost you thousands of dollars. On the other hand, selling your house to a home buying company typically only takes weeks and involves no fees, closing costs, or commissions. You will get a quick cash offer and can close on a flexible timeline that works for you. Furthermore, you won’t have to stage the home and deal with dozens of “tire kicker” buyers coming in for showings and open houses. When it comes to ease and efficiency, this is the easiest route to take.
What is the traditional method of selling your house?
If you’re set on selling your house the traditional way, you’ll need to hire a real estate agent. A good real estate agent will help you sell your home for a fair price, but you’ll have to pay them for it. Commission rates vary, but it is common to pay between 5% to 6% of the home’s sale price on average in the U.S. Therefore if your home sells for $250,000, the commission can range anywhere from $12,500 to $15,000. However, it is important to note that real estate agents’ commissions are negotiable. This option usually works best when you have a house that is in move-in condition, so you’ll want to complete any pending renovations before you list.
What about virtual renovation?
Virtual renovation is new way to sell an unfinished property. With the advances in modern technology, a virtual renovation can help buyers visualize what an unfinished property could look like when the construction is complete. The virtual renovation technique in home staging will allow you to use the current furnishings and decor to create virtually staged photos of vacant homes, especially ones with unfinished construction, thereby producing exceptionally photorealistic staged photos for prospective clients. This comes down to how creative you are and involves finding a buyer that has the imagination to picture the house once the construction is complete, but it’s a great option if you want to sell the traditional route but don’t have the resources to finish your construction project.
Our Final Thoughts:
The decision to sell your house is never easy, and selling it quickly can be an especially daunting challenge when it still has work that needs to be done. If you are planning to sell your Tulsa home in the current real estate market, it could take months to get the deal done. These may be months you do not have to spare!
Selling to a cash home buyer will speed up the process. We think we’re the best cash homebuyer in Oklahoma, but don’t just take our word for it. Here are some tips on vetting cash homebuyers.
As a Veteran-owned business, we are always dedicated to giving back to our local community. Whether it is by helping local homeowners or via one of the many local organizations we continually support, helping others always comes first in our business. We can close on a timeline that is most convenient for you. We make it super easy to sell your Tulsa house with unfinished renovations no matter the situation or the condition of your property.
Our primary goal is to help you sell your house with unfinished construction all while offering you the most convenient process available! Find out how easy it can be to sell your home with FixedProperties! Give us a call, or check out our website to learn more!