Not a day goes by that I don't hear one area realtor tell people on his radio commercial that he will give them a "quick cash offer" so they don't have to show their home, make a single update, or ever have a showing. The strategy used is to offer you 65% of the home's value, when you could get as high as 125%... if you prepared your home to sell appropriately.
Make no mistake, the fast-cash buyer, wheeler and dealer, plans to resell your home to a conventional buyer for a higher sales price, making a whopping profit as the middleman. The "opportunity investor" may not even make any updates to your home; they may simply advertise your home, which you could do by making a flyer in Word and video with Movie Maker, posting viewing dates online, and remaining calm when showing it! Listen and learn: if buyers hate the violet paint in the bedroom, repaint it. The cost of a few cans of paint and elbow grease is minimal. If buyers say, "It's too small," it's not the right house for them, unless there is land for them to build an addition. Make certain you put the correct square footage on your ad; don't embellish or use wide angle lenses. If buyers say there is a "funky odor" in the home, make sure it smells of fresh baked cookies and not your cat's litter box next time. It goes without saying that your home should be devoid of personal items, like family photos. How can potential buyers imagine themselves in your home, when it is so clearly yours? You make like your home cluttered with antiques in every corner, but you should remember that your buyers have been looking at home decor magazines and expect to find something of similar OPEN layout so they can visualize their own furniture in your former space. In one month, you can very easily prepare your home to sell and not lose 35% or more... of its value, if you bite the bullet and do the punch list in advance.
Most people consider their home an investment and they want that investment to grow so they have something to give their children and their children's children. What adult child wants to inherit a home that is stuck in 1965 with original carpeting and flocked wallpaper? None I know of. By making updates to your home, you not only improve your living conditions now, but your financial situation when you sell. And, that's the raw truth.
We encountered a young couple last week that wanted to take a more than evident storage area that was accessible only via a bathroom access panel 2 feet off the ground, and "transform it" into an office. Although we try to accommodate unusual requests, this is one we passed up. No person wants to walk past a toilet and shower stall to meet with you to do business. There are some things that just shouldn't be done.