Want to sell a house that needs major repairs? Read on!
It can be pretty intimidating to put an old house on the market, especially if it requires extensive repairs.
But, let’s be honest, not everyone can afford to go through all the repairs of their fixer upper. The good news is, you don’t have to spend your money on major repairs to sell fixer uppers.
Let’s say you installed a carpet and a potential buyer who is willing to pay the best price prefers hardwood. So, as long as there are no safety issues or structural flaws, you are good to go.
Let’s dive in a little deeper.
How to Sell a House That Needs Work?
Selling a house as-is mostly means that you can sell your house after doing minor repairs.
Home repair projects can be intimidating, especially when you don’t have the required time and money. But, you can get multiple offers on your house without facing major repair costs or applying a fresh coat. Your aim shouldn’t be selling only. You want to hand over your house to the right buyer. Let’s help you do that with some actionable tips.
Get an Inspection
Doing a thorough home inspection is an important first step in the selling process whether you are selling as-is or not.
Get a professional home inspector to have a realistic assessment of your house. You can then go for the necessary repairs.
Note that disclosing the issues before selling a house is not an option; it’s a law. The type of issues and extent of penalties may vary from state to state. So, having your house inspected for certain repairs like electrical work would be a helpful first step.
Look for issues like:
- Foundation damage
- Electrical issues
- Flooring issues
- Structural problems
Understand the Buyers
The next important step in home selling is understanding the buyer pool. Whether you are trying to sell your home as-is or with just a few upgrades, knowing interested buyers is imperative.
Flippers are one of the three types of potential buyers for your house. They want to buy your house at a relatively low price, make amendments, and set a higher price. If a flipper or a reseller is interested in your property, you can go one of the following two routes:
- Talk to a real estate agent and get a valuation of your home. Real estate agents can do a comparative market analysis to find an appropriate sales price.
- Or, you can get in touch with a service like us. We will find a cash buyer for your fixer-upper, doing all the heavy lifting for you.
These are the types of buyers that are looking for a good deal in your neighborhood. Most of the homes they are looking for have an asking price out of their range.
So, a house that needs repairs isn’t an ideal choice for them. However, if your house doesn’t need renovations, a deal hunter would be a good choice.
You can imagine a remodeler as a hybrid between a bargain hunter and a flipper. They can afford the cost of a fixer-upper but are waiting for the best asking price.
If you are selling as-is, remodelers would be the ideal choice. Investing in necessary home repairs isn’t a problem for them if they like everything else.
Call Now (818) 651-8166
Why Sell Your Home to ASAP Cash Offer?
- You Pay Zero Fees
- Close quickly days.
- Guaranteed Offer, no waiting.
- No repairs required, sell “AS IS”
- No appraisals or delays.
Clean Up the House
A study suggests that curb appeal can boost the cost of your house by as much as 12%.
You don’t have to invest in fancy carpets or remodel the bathrooms. Getting someone to clean up the yard or patio can do the trick just fine. The goal is to do some landscaping and make your home look attractive.
Most buyers also tend to go inside the house to look at the outside view. So, you want to have its windows cleaned as well.
Set a Realistic Cost
Do some research to find similar as is homes in your local housing market. You don’t want to repel potential buyers by setting a much higher sale price. This is where real estate specialists like agents and cash buyers can come in handy.
Don’t Ignore small repairs
Again, you don’t have to renovate your house to sell it; just a few small improvements can make a difference. After all, whether it’s an investor or a homeowner, they would prefer to purchase a home that’s in good condition.
Showcase the Best Features
Selling a home as-is shouldn’t be a problem if you know how to market it. Showcasing the best features to the potential buyer is a better idea than presenting the not-so-appealing features.
Think about your potential homebuyers. What features would they like to have in a home before buying? What features do you need to present to the right buyers? Is your home a budget-friendly option for them? For instance, if your neighborhood has good schools, playgrounds, and jogging paths, tell them. Or, if you recently did some renovations, they should know about that too.
Most home sellers get intimidated by the fact that their home may need repairs before it can be sold for good money.
Of course, your home’s condition should be good enough to make a buyer or an investor interested. However, you do not need to worry about making it look new. A buyer may not want any changes, in which case, you can sell as-is.
So, it’s a good idea to find out who your ideal buyer is. And, present the best features of your home to them.
If you need to sell your house as quickly as possible, without having to pay any fees, ASAP Cash Offer can help!
Even if you are still confused what’s the right path to sell your house, get on a call with our expert! We will guide you towards the fastest route! Let us do all the heavy lifting by letting us know more information about your property so we can assess the condition and current AS-IS value. ASAP Cash Offer will be able to give you a fair all-cash offer on your property simply by calling (818) 651-8166 or filling out the form below.