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Do You Sell Lancaster, SC Long-Term Rentals ‘As Is’ or Fix Them Up? Let’s Take a Look
Your long-term rentals might be a few years or many decades old. Regardless of its age, the sales process will be noticeably affected by its physical condition. We have summarized a few crucial questions that can help you determine if you must sell your Long-Term Rentals ‘as is’ or you should fix it up a little before you start the process.
Have You Had A Home Inspection?
Before selling your long-term rentals , a good first step involves booking an inspection by a licensed inspector. With this, you can learn about the entire list of minor as well as substantial issues with your home. In the case of small issues, you can patch them up before selling. But if there are expensive repairs that are recommended, you may have to reconsider the situation.
Can You Afford Renovation And Repair Costs?
When we speak of costly repairs, you must question if you can invest sufficient funds to fix up your Long-Term Rentals. Based on the results of the inspection, you may have to spend thousands of dollars for renovation. But if you do not possess adequate money, you may have to sell as is. Note that several loans as well as other financial products have been formulated to assist homeowners and commercial property owners such as yourself with renovations. Check either with your bank or mortgage lender to check whether you qualify.
How Fast Do You Need To Sell?
One more important question to answer is the urgency of making a sale. In case you are in a hurry and you are moving somewhere, you would have no choice but to sell as is. Otherwise, you can spend some time on renovations or repairs before placing it in the market.
What Does Your Agent Recommend?
Lastly, what does your real estate agent recommend? In case minor repairs are required or the market is very hot, you may be asked to sell as is. Alternatively, in the case of a slow market, you may have to spend some time to fix things up.
Not Working with a Broker?
We’d like to be able to bring you an all cash offer if you have an Long-Term Rentals to sell.
If you need to sell your long-term rentals in Lancaster, SC , we can help you.
Fill out the form below and we’ll be in touch to discuss your property.