Are you on the verge of selling your house? Maybe it needs a lot of work and you just can’t handle the upkeep. Or maybe it’s time to move on and you’re ready for life’s next adventure. No matter what the reason, just know that it’s possible to sell your house as is without making any repairs.
You have two options in this regard. You can take the easy way and call a company like House Heroes. Visit their website to learn how they can help you. Ultimately, companies like this are willing to buy run down properties at fair market value so they can fix and flip them and sell them for a profit.
Or, you can try to sell the property without making any changes. This might work for some people. You never know when you’re going to stumble upon the right buyer willing to spend more than a property is worth. On the other hand, if you aren’t willing to put in any more time or money, you may have a tough time selling this property.
Regardless, we’ll tell you six essential tips to sell your house as is. Please use this information to make the most money possible when selling your home.
1. Get an Inspection before Listing the Property
Before putting the property for sale, it’s best to know exactly what’s wrong with the place before it’s listed. This way you’ll be able to disclose as much information possible to potential buyers interested in conceivably purchasing your house.
When a home is run down and really out of sorts it’s not going to be very attractive to potential buyers. This is especially true if they’re going to have to pay for an inspection on a property that looks like it’s going to need lots of work. By having a brand-new and updated inspection in hand you can show it to potential buyers and let them see any and all possible problems they may face.
Or even better, contact a fix and flip company to see how much they’re willing to pay you for your old, rundown home.
2. Get Estimates from Local Contractors for Possible Repairs
Buyers have to stick within specific budgets when purchasing homes. So not only will they need to know your asking price, they’ll also need to know how much it’s going to cost to repair the place. Providing this information ahead of time will make it easy for potential buyers to calculate these figures and determine if your property is a good investment or not.
3. Make Minor Repairs If Possible
Repairing your home is going to be the best way to make the most money for your property. So if it’s in the realm of possibility, you should definitely fix some of the damage before putting it on the market. This will make your home more attractive to potential buyers and less of a headache for everyone involved.
Again, the other option is to sell it to someone willing to fix it and flip it. There are many great companies providing this service and offering homeowners fair prices for their property.
4. Flexibility Is the Key to Success When Selling a Rundown Property
Are you willing to be flexible during price negotiations? If not, you’ll find it very difficult to sell a property in need of serious work.
Potential buyers are only willing to buy rundown homes if they can get a good deal. So if you’re sticking to your asking price without bending or being flexible you’ll have trouble selling the place no matter who the buyer happens to be.
5. Honesty Is the Best Policy
Try to be as upfront and honest with potential buyers as you can. If something is really wrong with your home let them know about it ahead of time instead of wasting everyone’s time. Otherwise you’re going to expect someone to pay for an inspection and discover the problem themselves.
Fix and flip companies are very familiar with buying run down properties. They’ll appreciate your honesty and use the information to help calculate a fair price when buying your home.
6. Sell Your Home for a Fair Price
And speaking of fair prices, you should do your best to sell your property for a reasonable price. You’ll attract more buyers and potentially make more money this way.
If you attempt to rip people off they aren’t going to respond kindly. In fact, they will quickly walk away from an unscrupulous seller attempting to gouge them.
Don’t worry about selling a house as is even if it needs serious work. You’ll still be able to sell it for a good price as long as you’re flexible, fair, honest, trustworthy, and forthright with your potential buyers.
Providing repair estimates ahead of time will definitely help buyers make their decision. Being flexible and willing to make some repairs here and there will also help. Or you can just call a fix and flip company and have them take the property off your hands without going through the whole rigmarole of selling it through a real estate agent. It’s up to you.