Why Timely Repairs Can Make or Break a Home Sale

1. Avoid Price Negotiations

• The Reality: 80% of buyers negotiate lower prices when major repairs are needed. Addressing repairs upfront can eliminate the need for price reductions and keep your property’s value intact.

• Case Study: Homes with unresolved repairs often see offers that are 3-7% lower than market value, which can add up to thousands of dollars.

2. Maintain Buyer Confidence

• The Reality: Buyers want to feel confident in their investment. When repairs are completed before listing, you provide peace of mind, which increases the likelihood of an offer.

• Stat: According to a recent study, 65% of buyers are willing to pay more for a home that requires little to no immediate repairs.

3. Speed Up the Sale Process

• The Reality: Homes that have significant repairs completed before listing tend to sell up to 30% faster than homes with unresolved issues.

• Stat: Homes that are move-in ready spend fewer days on the market and attract more offers within the first two weeks of listing.

4. Avoid Post-Inspection Hiccups

• The Reality: Many real estate transactions fall apart after inspections uncover unaddressed issues. By taking care of repairs before a sale, you reduce the risk of deals falling through at the last minute.

• Stat: Up to 15% of home sales are delayed or canceled due to inspection issues, making pre-listing repairs vital to avoid complications.