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What are the pros and cons of selling a house as-is versus fixing it up to maximize profit and attract potential buyers?
**80% of homebuyers prioritize move-in readiness**: According to a National Association of Realtors survey, most buyers want a home that's ready to occupy, making repairs before selling a crucial consideration.
**As-is sales can take 15-20% longer to sell**: A study by Zillow found that homes sold as-is typically take longer to sell due to the need for repairs, which can deter potential buyers.
**Renovations can increase home value by 10-15%**: According to a report by the National Association of Home Builders, moderate renovations can significantly boost a home's value, making it more attractive to buyers.
**The average American homeowner spends $1,500 on repairs annually**: Data from the National Association of Home Builders shows that homeowners spend a considerable amount on repairs each year, making selling as-is a potentially costly decision.
**Cash offers can be 10-20% lower than market value**: When selling as-is to cash buyers, sellers may receive lower offers due to the property's condition, according to real estate experts.
**iBuyers can make offers within 24-48 hours**: Some real estate companies, known as iBuyers, can provide quick cash offers for as-is homes, allowing sellers to expedite the process.
**Selling as-is can attract fewer buyers**: A study by Realtor.com found that only 10% of homebuyers are willing to consider fixer-uppers, limiting the pool of potential buyers.
**Roof replacements can cost between $5,000 to $12,000**: According to HomeAdvisor, repairing or replacing major systems like roofs can be costly, making selling as-is a potentially expensive decision.
**Homes in good condition can sell for 10-15% more**: A study by the National Association of Realtors found that well-maintained homes can command higher prices, making repairs a valuable investment.
**Selling as-is can affect home value by 5-10%**: According to Zillow, a home's condition significantly impacts its value, and selling as-is can result in a lower sale price.
**Only 20% of buyers are willing to negotiate repairs**: A Realtor.com survey found that most buyers expect sellers to make repairs or provide credits for them, making as-is sales less appealing.
**Homeowners can save 10-20% on renovation costs by DIY-ing**: According to HomeAdvisor, homeowners who take on some repairs themselves can reduce costs, but may still need to invest time and effort.
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