If Your House Needs Major Updating or Repairs, Now Might Be the Perfect Time to Sell It

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By Lighter Side Staff May 31, 2022 Was the last time you updated your bathroom or kitchen a couple of decades ago? Is the outside of your house in need of new siding, a roof, and gutters? Is your yard overgrown, or the driveway crumbling? Got plumbing or electrical issues? If you answered yes to any of those questions, you may want to consider selling your house soonwithout doing any of the work that needs to be done! The chances are you've gained some incredible equity if you've owned your house for some time. They're willing to buy houses that need updating, or even to be torn down and built new, due to the low inventory levels and competition from other buyers. With interest rates rising, houses not selling as quickly, an anticipated increase in inventory, and some buyers leaving the market, you may find that buyers start to become more picky soon. So before buyers have a change of heart, you may want to capitalize on the current market conditions and sell your house to a buyer who is more than willing to take on the work that needs to be done. The Takeaway: If you have a house that needs major renovations or repairs, get while the getting's good, as they say. Speak with your local real estate agent and see what your house can fetch on the market without doing anything to it. Once you know what you can get as-is, you and your agent can assess whether doing any repairs or renovations are worth doing, or if it makes more sense to put your house on the market as soon as possible and not miss the current window of opportunity.