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# Should You Sell Your House As-Is or Make Repairs?
!
A  from the *National Association of Realtors* (NAR) shows most sellers (61%) completed at least minor  when selling their house. But sometimes life gets in the way and that’s just not possible. Maybe that’s why,  of sellers chose to sell as-is instead (*see chart below*):
If you’re feeling stressed because you don’t have the time, budget, or resources to tackle any repairs or updates, you may be tempted  your house as-is, too. But before you decide to go this route, here’s what you need to know.
#### **What Does Selling As-Is Really Mean?**
Selling as-is means you won’t make any repairs before the sale, and you won’t negotiate fixes after a buyer’s inspection. And this sends a signal to potential buyers that what they see is what they get.
If you’re eager to sell but money or time is tight, this can be a relief because it’s that much less you’ll have to worry about. But there are a few trade-offs you’ll have to be willing to make. This visual breaks down some of the pros and cons:
Typically, a home that’s updated sells for more because buyers are often willing to pay a premium for something that’s move-in ready. That’s why you may find not as many buyers will look at your house if you sell it in its current condition. And less interest from buyers could mean fewer offers, taking longer , and ultimately, a lower price. Basically, while it’s easier for you, the final sale price might be less than you’d get if you invested in repairs and upgrades.
**That doesn’t mean your house won’t sell – it just means it may not sell for as much as it would in top condition.**
Here’s the good news though. In today’s market, as many as  surveyed would be willing to buy a home that needs some work. That’s because affordability is still a challenge, and while there are more homes for sale right now, inventory is  than the norm. So, you might find there are a few more buyers who may be willing to take on the work themselves.
#### **How an Agent Can Help**
**So, how do you make sure you’re making the right decision for your move? The key is working with a pro.**
A  will help you weigh your options by showing you what comparable homes in your area have sold for, what updates your neighbors are making, and guide you in setting a  no matter what you decide. That helps you anticipate what your house may sell for either way – and that can be a key factor in your final decision.
Once you’ve picked which route you’re going to go and the asking price is set, your agent will market your house to maximize its appeal. And if you decide to sell as-is, they’ll call attention to the best features, like the location, size, and more, so it’s easy for buyers to see the potential, not just projects.
### Bottom Line
Selling a home without making any repairs is possible in today’s market, but it does have some trade-offs. To make sure you’re considering all your options and making the best choice possible, have a conversation with a local agent.
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# Investors Are Not Buying Up All the Homes
### Some Highlights
* There’s a misconception Wall Street is buying all the homes on the market. But data proves that .​
* Experts agree the share of homes bought by investors  – and most are smaller investors, like your neighbor who owns a second home, not Wall Street.
* No matter what you’ve heard, the majority of homes are still being purchased by everyday homebuyers like you – not big investors. Connect with an agent if you have questions.​
# Make Your House the Top Thing on Every Buyer’s Wish List This Season
With the holidays right around the corner, homeowners planning to move have a decision to make:  or wait? Some may even consider taking their house off the market until next spring. But is that the best choice? Because at this time of year, your home can really .
Here’s the thing: there are plenty of buyers out there who want to be in a new home by the holidays, and your house might be just what they’re looking for. As an article from *Redfin* says:
> *“. . . there is typically less inventory in the housing market this time of year, allowing your home to easily stand out among the available inventory. And though there are technically fewer buyers overall, the homebuyers that are looking are far more serious about finding a home within a specific timeframe. . .* ***selling your home during the holidays might be your best present this year.****”*
**Here are four key reasons you may not want to wait to sell your house.**
1. **Serious Buyers Are Looking Right Now**
The holiday season doesn’t put a pause on the desire to own a home. Sure, some buyers might delay their search until next year, but others have a reason they need to move now. These buyers are highly motivated and ready to make a serious offer. As *Investopedia* says:
> *“Anyone shopping for a new home between Thanksgiving and New Year’s is likely going to be a serious buyer.****Putting your home on the market at this time of year and attracting a serious buyer can often result in a quicker sale****.”*
**2. You Have an Inventory Edge**
While there are  coming to the market right now, overall, the number of houses available to buy is still low.
So, what does that mean for you? If you work with a trusted agent to  right, it could still sell pretty quickly. That’s because today’s buyers are on the hunt for quality options – and your home may be exactly what they’re searching for.
3. **You Have Control Over Your Showings**
Selling during the holidays doesn’t mean constantly disrupting your schedule. You have the flexibility to set up showings at times that work best for you. This is especially helpful during a busy season, and many buyers are likely to be more flexible with their schedules since they often have extra time off around the holidays.
Now, it’s always better to offer more flexible access to your house. But the reality is, you don’t have to stop the process entirely – especially when you have a great agent to help you navigate each step along the way.
4. **Holiday Décor Can Make Your House Shine**
For many buyers, a tastefully decorated home can create a warm, inviting atmosphere. It’s easy for them to imagine holiday gatherings and cozy nights in a space that feels just right. Keep your choices simple to let your home’s charm shine through. An article on holiday home-selling advises:
> *“If you’re selling around a holiday and have decorations up, make sure they accent—not overpower—a room.****Less is more.****”*
There are plenty of good reasons to put (or keep) your house  during the holidays. Reach out to a local real estate agent and see if this is your moving season.
# Control the Controllables If You’re Worried About Mortgage Rates
Chances are you’re hearing a lot about mortgage rates right now, and all you really want to hear is that they’re coming back down. And if you’ve seen headlines about the early November Federal Funds Rate cut by the  (The Fed), maybe you got hopeful mortgage rates would start to decline right away. Although some media sources may lead you to believe that the Fed’s actions determine mortgage rates, in reality, they don’t.
The truth is, the Fed, the job market, inflation, geopolitical changes, and a whole list of other economic factors influence , too. So, while recent actions from the Fed set the stage for mortgage rates to come down over time — it’s going to be a gradual and, likely bumpy, process.
Here’s the best advice anyone can give you right now. While you may be tempted to wait for rates to fall, it’s really hard to try and  — there’s just too much that can have an impact. Instead, set yourself up for homebuying success by focusing on the factors you can control. Here’s what to prioritize if you’re looking to put your best foot forward.
#### **Your Credit Score**
Credit scores can play a big role in your mortgage rate. And the difference of just a few points can make a significant impact on your monthly payment. As an article from *Bankrate* explains:
> *“Your credit score is one of the most important factors lenders consider when you apply for a mortgage. Not just to qualify for the loan itself, but for the conditions: Typically, the higher your score, the lower the interest rates and better terms you’ll qualify for.”*
With rates where they are today, maintaining a good credit score is one of the keys to getting the best rate possible. To find out where your credit score stands and what you can do to give it a boost, reach out to a trusted loan officer.
#### **Your Loan Type**
There are many types of loans, and each one offers different terms for qualified buyers. *The Consumer Financial Protection Bureau* (CFPB) :
> *“There are several broad categories of mortgage loans, such as conventional, FHA, USDA, and VA loans. Lenders decide which products to offer, and loan types have different eligibility requirements. Rates can be significantly different depending on what loan type you choose. Talking to multiple lenders can help you better understand all of the options available to you.”*
Work with your team of real estate professionals to see which loan types you may qualify for and figure out what will work best for you financially.
#### **Your Loan Term**
Just like with loan types,  when it comes to terms, or the length of your loan. As *Freddie Mac* says:
> *“When choosing the right home loan for you, it’s important to consider the loan term, which is the length of time it will take you to repay your loan before you fully own your home. Your loan term will affect your interest rate, monthly payment, and the total amount of interest you will pay over the life of the loan.”*
Lenders typically offer mortgages in 15, 20, and 30-year terms. And which term you go with has a direct impact on your rate. Talk to your lender about which one is right for your situation.
Remember, you can’t control what happens in the broader economy or when mortgage rates will come down. But there are actions you can take that could help you set yourself up for success.
Connect with a local real estate agent and lender to go over what you can do now that’ll make a difference when you’re ready to move.
# How Co-Buying a Home Helps with Affordability Today
Buying a home in today’s market can feel like an uphill battle – especially with  and mortgage rates putting pressure on your budget. If you’re feeling stuck, co-buying could be  to help you get your foot in the door. *Freddie Mac* says:
> *“If you are an aspiring homeowner,* ***buying a home with your family or friends could be an option****.”*
But there are some things you’ll want to consider first. Let’s explore why co-buying is gaining popularity right now among some buyers and see if it may make sense for you too.
#### **What Is Co-Buying?**
Co-buying means  with someone like a friend, sibling, or even a group of people. And, with today’s high home prices and mortgage rates, it’s an option more people are turning to.
According to a survey done by *JW Surety Bonds*, **nearly 15% of Americans have already co-purchased a home with someone, and another 48% would consider doing it.**
#### **Why Consider Co-Buying?**
The same survey also asked people about the perks of co-buying a home. Here are some of the top responses (*see graph below*):
**!Sharing Costs (67%):** From saving for a down payment to managing monthly payments, buying a home is a big financial step. When you co-buy, you split these costs, making it easier to afford a home.
**Affording a Better Home (56%):** By pooling your financial resources, you may also be able to afford a larger or higher-quality home than you could have on your own. This may mean getting that extra bedroom, a bigger backyard, or living in a more desirable neighborhood.
**Investment Opportunity (54%):** Co-buying a home can also be an investment. You could buy a house with someone so you can , which could help generate passive income.
**Sharing Responsibilities (48%):** Owning a home comes with a lot of responsibilities, including maintenance and upkeep and more. When you co-buy, you share these commitments, which can lighten the load for everyone involved.
#### **Other Co-Buying Considerations**
While co-buying has its benefits, there’s something else you need to consider before deciding if this approach is right for you. As *Rocket Mortgage* says:
> *“Buying a house with a friend or multiple friends might be a great way for you to achieve homeownership, but it’s not a decision you should make lightly.* ***Before diving in, make sure you understand the financial and logistical hurdles you’ll face, as well as the human and emotional elements that might affect the purchase or, more importantly, your relationship.****”*
Basically, make sure you and your co-buyer are on the same page about things like how costs will be split, who will handle what responsibilities, and what will happen if one of you wants to sell your share of the home in the future. Leaning on an expert can help you weigh the pros and cons to make that conversation easier.
If you’re looking to get your foot in the door but are having a tough time at today’s rates and prices, co-buying could be an option to make  happen. But, it’s important to plan carefully and make sure that all parties are clear on the details. To figure out if co-buying makes sense for you, connect with a local real estate agent.