If you are preparing to sell your home, you are most likely weighing the benefits and expenses of fixing house to sell in McKinney TX. Many homeowners feel obligated to upgrade, improve and invest in their home before selling. But, is the investment worth it?
Then, there is a reality check. Not all McKinney TX homeowners can afford the luxury of pouring money, which they may not recapture, into their home in order to make it more saleable.
After all, if you and your family lived in the home for years. Why should you throw good money into a risk pool that may not dramatically improve your share or expedite the sale of your home?
And, what if you have a pressing need to sell fast and simply do not have the time to fix house to sell in McKinney TX? You have other options, including a fluid, risk-free remedy that neighbors have used to avoid fixing house to sell in McKinney TX.
McKinney TX Real Estate Statistics You Should Know
Before you start fixing home to sell in McKinney, consider these real estate market statistics from Movoto.com, a service that updates residential property statistics every day.
- In early February 2016, there were 525 residential properties For Sale in McKinney. That marks a 32% increase over the 397 residential properties on the market in McKinney one year ago.
- The average square footage of a home For Sale in McKinney today is 2,918 square feet, down 9% from the median 3,211 square foot home for sale in McKinney at this time last year.
- At this time, there are no distressed homes on the market in McKinney TX. This was also true last year in early February.
Wondering What to Fix When Selling House in McKinney
One of the favorite ploys of local real estate agents is to tell their clients what to fix in order to make their job easier. The insinuation is that if the improvements are not made, the homeowner, not the agent, will responsible for delays in selling the house and for lower selling prices. Do you need these hassles?
According to Movoto, the average time on market for residential homes, condos and rental income property in McKinney TX is 73 days. That represents a 25% increase in the number of days on market over February 2015. That means that half the homes on the market take much longer to sell and then even longer to close, especially if there is a mortgage involved.
And, what most agents do not tell their clients is that the mortgage lending process is time consuming and laden with risk. Lenders are cautious and appraisals often come in below market value.
Lenders also do not want to make loans on properties that are flawed. Your buyer’s lender can require you, the seller, to make additional repairs or to give the buyer credit for repairs the lender deems necessary. If the seller does not agree to the repairs, or to allow credits for repairs, the lender will not approve the loan.
Who needs contingencies that cost the seller more money on top of a 6 or 7 percent commission?
The bottom line is that after fixing the house to sell in McKinney TX, there are no guarantees that additional repairs will not be required by the lender. At some point, many McKinney TX sellers wonder if the deck is stacked against them.
There is Another Way
Here’s a tip. Stop worrying about what to fix when selling your house in McKinney TX. Contact us before you list your home or before you perform any repairs in order to prepare to sell. In partnership with SellYourHomeFastOnline.com, McKinney TX-based SJT Rentals, LLC (470) 236-2870, will buy your home as is for cash.
SJT Rentals will offer you a fair price for your residential property or income property within 24 hours of contacting us by phone or through our website. We pride ourselves on helping our neighbors discover our no-fuss, no-bother, no-repair, home selling solution. We close fast and we make our own repairs.
Our motto is call today and start packing tomorrow. Stop worrying about fixing house to sell in McKinney TX and contact SellYourHomeFastOnline.com.