Selling your home as-is can be a smart move for many homeowners, especially if you want to save time and money on renovations. This approach is particularly beneficial for homes with outdated designs, limited space, or those requiring significant updates.
Read on to learn if your home is a good fit for MN Custom’s Home Purchase Program and the advantages of selling to a home builder.
Is My House Right to Sell to a Builder?
What Builders Look For When Buying Homes As-Is
Age of Home:
Homes built in the 1950s and 1960s often require more expensive upgrades and are generally smaller than newer homes. These older homes may appeal to builders looking to tear down and rebuild.
Square Footage:
Smaller homes, typically around 1,000 to 1,300 square feet, with two bedrooms and one bathroom, are often better suited for a teardown. In places where people prefer bigger homes, smaller homes with less curb appeal can be good options for redevelopment by selling to a builder.
Needs Expensive Upgrades:
Many home upgrades rarely add enough value to pay for the work, and selling a house in poor condition is difficult. If your home needs a major renovation project, like a kitchen remodel, new roof, or primary bedroom addition, it may be a better choice to sell to a builder.
Great Neighborhood:
MN only builds in the best neighborhoods. When finding land, we focus on neighborhoods with regarded/highly ranked schools, safe communities, and convenient access to amenities and top-area businesses.
Advantages of Selling to a Home Builder
- No Fees or Commissions: Selling without a real estate agent can save you money by avoiding broker fees.
- Stay In Your Home Until You’re Ready: When using traditional sales methods like listing on the MLS, buyers usually want quick possession, requiring you to move out sooner. If you rent out your home, your tenant can live there as agreed, and you can continue to collect rent.
- Avoid Market Uncertainty: Limited inventory can affect an on-market sale, which is an issue if you plan to stay in the same area. Since you can pick your close date with MN, you can complete the sale as soon as you find your new home.
- No Updates Needed: When you sell a property, you don’t need to search for contractors, gather bids, or oversee construction. You also don’t have to live in a construction zone like you would if you were selling on the open market. Selling a house to a builder means less time and money spent renovating your home.
- No Inspections: Inspections can often uncover issues that might affect the sale and cost you more time and money. Selling to a builder typically means no buyer inspections and a faster sale with no surprises.
- No Home Showings: Living in your home while it’s listed means keeping it clean and staged for prospective buyers. Selling to a home builder can avoid home showings and added stress.
Is It A Good Time To Sell A House?
When selling to a builder, it’s always a good time to sell a house. Many traditional home buyers search in the spring with hopes of moving while school is out. However, builders buy properties year-round and operate around the homeowner’s schedule.
Builders can be flexible with your closing date and moving schedule, meaning you can stay in the home until you’re ready to move. This helps you plan for important life events like a child’s graduation, moving to a new place, or retiring. If you’re moving off-peak season or want to plan ahead, selling to a builder may be a better option.
Interested In Selling Your Home to MN?
Selling your home to a builder can be beneficial if it is older or requires much work. Weighing the pros and cons will help you decide if this option aligns with your needs and circumstances.
Let us answer your questions about selling your home and create a timeline for when may be best for you. Connect with an expert today to learn more about selling your house as-is to MN Custom Homes; visit https://www.mncustom.com/home-purchase-program/.