Listing an older house on the market can be a challenge, especially if it’s in need of maintenance or repairs. Most buyers are looking for move-in-ready properties and don’t want to take on a home that needs a lot of work.
However, there is a niche of homebuyers that is interested in investing in older properties and fixer-upper projects. Many of these less than perfect homes can be purchased for discount prices and make for great swap projects.
If you need to sell a house fast, but it isn’t in great shape, you need to work with a professional to help you navigate the market. Let’s take a look at a few tips for selling a fixer-upper house.
Sell for Cash
There are property investors in most areas that are willing to buy your house for cash, regardless of the condition. In most cases, the cash home buyers are interested in the land that the home sits on rather than the house itself. If your home is in rough shape and you don’t have the money to make the repairs and want to make a quick sale, you may want to sell for cash. The process is simple, fast, and will ensure that you get a fair market value for your property without the need to make any repairs.
Hire a Specialized Agent
There are some real estate agents in the business who specialize in fixer-upper homes. These brokers have the experience to find you a buyer and avoid all the pitfalls of selling a fixer-upper. Real estate agents have a larger network of contacts that can be invaluable when dealing with a difficult property. Agents have access to the Multiple Listing Service for real estate professionals only and can help them find the right buyer for your property.
Targeted Marketing
When selling a dilapidated house, you need to focus your marketing on those buyers that aren’t afraid of a challenge or a project. Many home swapping teams and individuals are always looking for properties that they can get for a bargain and swap for a profit.
Be Honest
Your best strategy when selling a fixer-upper house is to be completely honest about the problems. You are likely to draw in buyers that are willing to do the work to bring the home back to life. Work with your agent to put together an honest listing that highlights the positives but doesn’t hide the issues.
Realistic Pricing
When you work with an agent, they will help you to set a realistic price. You will need to consider the size and location of your lot, the projected cost of repairs that a buyer will take on, and the general market value of comparable properties. If you list your home for too much, you are highly unlikely to get any offers.
If you are looking to sell your fixer-upper, follow these tips to help you find a buyer that will give you a fair price for your home.
partnered post • cc-licensed image by Teresa Boardman