Three things you should do to successfully sell a fixer-upper.
Selling a house that needs a lot of work can be a daunting task, especially if you don’t have the funds to make the necessary repairs before putting it on the market. However, there are still ways to get the best possible price for your house without breaking the bank. To help with this, I’m here today with three ideas to consider when selling a house that’s a fixer-upper:
1. Get a home inspection. Don’t wait for a buyer to come along and bring their inspector. Have a qualified home inspector come in beforehand and go through all the major components of your house. They can identify what requires repair and how much it would cost. You can also factor in what cosmetic upgrades a buyer might consider if they bought your house. This way, you can have a baseline number to know just how much money it would take to make your house move-in ready in a buyer’s eyes.
2. Consider investors and bargain hunters. It might be helpful to cater your house more toward investors or handymen. Many buyers don’t know anything about fixing up a home, so they’re not going to be willing to buy a house that needs a ton of upgrades and repairs. Therefore, emphasize the features of your house and what it could be. Make it sound positive. Plus, investors don’t care what a house looks like. The worst shape it’s in, the better, because many investors want to flip a home. Therefore, don’t be discouraged if the average buyer doesn’t want your house.
3. Price your house competitively. If your house is a fixer-upper, you can’t expect to get top dollar on the market compared to homes that are move-in ready and have upgrades and custom features in them. Therefore, price it competitively, and that could even start a bidding war between investors, especially if you’re in a nice neighborhood. Get a real estate professional like myself to come and give you a valuation of what the house could sell for. Then you’ll know how to price your house competitively to get multiple offers.
Therefore, you don’t have to worry if your house seems like it has an insurmountable amount of work to be done. There are buyers out there who will want it. Plus, I will always be here to help you. Reach out to me anytime by phone or email if you have any questions. I look forward to hearing from you.