𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐀𝐩𝐚𝐫𝐭𝐦𝐞𝐧𝐭: 𝐀𝐬-𝐈𝐬 𝐨𝐫 𝐌𝐚𝐤𝐞 𝐑𝐞𝐩𝐚𝐢𝐫𝐬?

When it comes to selling apartments in New York, deciding whether to sell as-is or invest in repairs can significantly impact your sale. A study by the National Association of Realtors (NAR) reveals that while 61% of sellers complete minor repairs before selling, 39% opt to sell as-is.

If you’re tight on time or resources, selling your apartment as-is might be the easiest and costliest solution. However, it’s essential to weigh the pros and cons before making this decision.

What Does Selling As-Is Mean?

Selling as-is means you’re putting your apartment on the market without making any repairs or painting,  “what you see is what you get” approach has its benefits and drawbacks:

Pros:

·        Saves time and upfront costs.

·        Avoids the stress of managing repairs.

Cons:

·        May deter a large percentage of potential buyers.

·        Could take longer to sell or get a lower price.

·        Typically, updated or renovated apartments command higher prices, possibly up to 20%, since buyers often value move-in-ready properties. However, New York’s market dynamics can create opportunities for as-is sales, especially if your apartment’s, price, location or unique features stand out.

How an Agent Can Help

Navigating the New York real estate market is complex, especially when deciding whether to sell as-is or to update. That’s where I come in.

With my local expertise, I’ll:

·        Analyze recent sales in your neighborhood.

·        Help you price your apartment competitively.

·        Highlight your property’s best features to maximize buyer appeal.

·        Compass also has a program, named Concierge, to help you renovate or update your apartment.

·        Whether you’re opting for repairs or going the as-is route, my goal is to guide you toward a memorable experience. After all, “Who You Work With Matters!”

Bottom Line

Selling an apartment as-is, is entirely possible in the New York market, but it requires careful consideration of the trade-offs. If you’re unsure of the best strategy, let’s connect! I’m here to help you make an informed decision that you’ll feel confident about.

Looking for an agent you can trust? Let’s get started today! Reach out to me, and let’s find the best way to sell your apartment.