Ten years ago, a house that needed a little TLC would fina ready market. These days, millennials are looking for more “move-in ready’ homes and that can lead a house that needs work to languish. Some realtors such as Coldwell Banker, Keller Williams and Compas are offering renovation services with no upfront cost to the seller that they recoup once the house sells.
Other possibilities include instant buyers (“ibuyers”) who will purchase the house at below market value, renovate it, then flip it at a profit. One benefit is that these buyers will pay cash upfront for the property.
The housing market remains strong and options are available for all looking to sell.