If your property has an old roof, foundation problems, or other major issues, getting it ready for a traditional sale can become very expensive. I recently came across https://we-buy-houses-sacramento.com/ and found the idea of selling a property without making all the repairs interesting.
Has anyone here ever sold a house that needed major repairs? I'm wondering whether it is usually better to invest in the repairs before selling, or accept a lower offer from a buyer who takes the property as-is.
For example, if the house needs a new roof, foundation work and other expensive repairs, how would you decide which option makes more financial sense? Would you get several cash offers first or speak with a real estate agent?
I'd be interested to hear from anyone who has dealt with a similar situation. What did you choose, and would you do the same thing again?