Decisions are never easy. Even when all things point in one direction, sometimes we still have a difficult time taking action. Should I sell the house OR should I keep the house. I can't answer your question for you but I can give you a few pointers that will help make the decision a tad bit easier.
1. Is the house a performing asset or a liability?
Basically, is the house bringing you money monthly, or is it costing you money monthly? Upkeep, property taxes, insurance, utilities, vandalism, foreclosure. These things have to be addressed and they cost. If the house isn't bringing you joy, income, or satisfaction to your life it's probably a liability. Does it have value, and can that value be converted to joy, income, or satisfaction by selling the house? If so, the decision is yours to make.
2."The house is an ugly house and it needs some repairs but do you think I can fix it up like they do on those tv shows?"
A rehab project is one that requires major planning, skill, and a lot of money. If you are deficient in just one of these areas it can result in a very big headache. Hiring a contractor is a job that is underrated and if done incorrectly it can end in BIG money spent and little work done. Also, you have to budget accordingly to make sure that you don't spend too much money. Believe me, it is no fun rehabbing a house for 3 or 4 months only to find out that you either lost money or only made enough money to buy the family a dinner from White Castle....to split.
If you have a good contractor, the proper financing, and the skill set to manage a successful rehab GO FOR IT! If not, DO NOT go for it.... Keep reading.
3. If you know of a reputable home buyer such as, your's truly at www.123BuyMyHome.com , that is ....
a. A hometown small business that understands your urgency to sell but yet sensitive enough to know to keep it simple.
b. Guaranteed to give you a 7 day cash offer, where you won't have to pay any realtor fees, you won't have to make any unnecessary repairs, and you won't have to do any heavy lifting .
c. Able to provide you a solution that is tailored to your situation.
Now, should you sell your house or keep your house? No, I can't tell you what to do. But I most definitely can tell you that if you do decide to sell, call us. We'll be sure to bring you joy, cash, and satisfaction.