Should You Sell Your Connecticut House As-Is or Make Repairs?

Should You Sell Your Connecticut House As-Is or Make Repairs?

A study from the National Association of Realtors (NAR) found that 61% of sellers complete at least minor repairs before selling. However, 39% of sellers opt to sell as-is instead. If you’re considering selling your Connecticut home as-is, here’s what you should know.

What Does Selling As-Is Mean?

Selling as-is means you won’t make repairs before the sale or negotiate fixes after a buyer’s inspection. Buyers know they’re purchasing the home in its current condition.

This can save you time and money, but it also has downsides. As-is homes typically attract fewer buyers, which can lead to fewer offers and a lower sale price. Many buyers are willing to pay a premium for a move-in-ready home.

That said, Connecticut’s housing market may work in your favor. In today’s market, 56% of buyers are open to purchasing a home that needs work, especially since affordability and inventory remain challenges.

Factors to Consider

• Condition: If your home needs major repairs, you might attract buyers willing to take on a project. However, the sale price may reflect the work needed.
• Market Trends: A local agent can help you understand the market in your area. In some parts of Connecticut, where demand outweighs supply, selling as-is might still result in a competitive price.
• Time and Budget: If you don’t have the resources for repairs, selling as-is might be your best option.

How a Connecticut Agent Can Help

A real estate agent familiar with Connecticut’s market can help you evaluate your options. They’ll:

• Compare recent sales of similar homes in your area to estimate your home’s value.
• Advise on which repairs or updates, if any, could provide a good return on investment.
• Market your home effectively, emphasizing its strengths, such as location or size.

If you sell as-is, an agent will focus on showcasing the property’s potential to buyers who are prepared to handle the necessary updates.

Bottom Line

Selling your Connecticut home as-is is a viable option, but it comes with trade-offs. Consult a local agent to weigh your options and make the best decision for your situation