Selling a home with needed repairs comes down to these three tips.
One of the questions I get frequently is, “How can I sell my house without doing a lot of work on it?” The selling process in today’s market is a little different than it has been in the past, and it becomes even more challenging when your property has noticeable problems. Inventory has been increasing, and buyers have more options, so a home that needs more repairs may not be a buyer’s first choice. In order to still sell, there are three things you can do:
1. Getting a home inspection. We know that the home isn’t perfect, but we don’t know everything. There may be things we can’t see or things that aren’t as bad as we think they are. Therefore, the home inspector will give us a complete rundown of all the items in the home, and once we’ve identified what has to be fixed, we can evaluate if there are things that need to be repaired or replaced, or if you want to just sell it as-is. Also, remember that we must disclose the issues of the home. With an inspection, we can be as transparent as possible to avoid any kind of legal repercussions. Buyers like having this information upfront.
“It becomes even more challenging when you have noticeable problems with a property.”
2. Sell the home to an investor or bargain hunter. The worse the home’s condition is, the bigger the pool of investment buyers will be. There are a lot of people who specifically look for fixer-upper properties. They want to repair and upgrade the home so they can sell it and earn a profit. Typically, they will pay with cash and buy the home as-is. On the other hand, bargain hunters are searching for their dream homes. They’re willing to put in the elbow grease needed to make a property livable, and they will overlook those few flaws as long as they love the location.
2. Be realistic with the price. Whatever market we’re in, pricing the home correctly will always be critical, but this is especially true for homes that are not in the best condition. You have to set a reasonable price, one that is based on research and makes sense for the current market. The best way to do this is to work with a real estate professional like myself. Find an experienced agent who can use their resources and connections to ensure you’re getting the best possible deal for your sale.
If you have any questions about this, feel free to reach out. Call or email me anytime—I am more than happy to assist you with all of your real estate needs!
