People say selling a house isn’t daunting. With the number of people looking for a home, it should be easy for anyone to find a buyer. This might be true for new and beautiful houses as well as those that are well-maintained. However, you know that you have a major problem if you want to sell a house in terrible condition.
If this is you, read through this article for a complete guide on how you can sell a house in bad condition.
Who Will Buy A House In Poor Condition?
The first question you should ask yourself is who will buy a house in poor condition? Is there anyone out there willing to buy a house that’s been neglected for years? If there is, how do you find them?
- Real Estate Solutions Company
Real estate solutions companies like Avante Home Buyers Virginia Beach and others are some of the best options, especially if you’re in a hurry and need your house sold in a short period. Real estate solutions companies buy houses as-is. You don’t have to bother with fixing the house just so you can sell it.
All you need to do is call them and tell them more about your property. The company will then request to get photos of the house to evaluate it and offer fair pricing. What’s even great with this type of home buyer is they’ll buy your property depending on your preferred schedule, and they’ll be there to give you the cash you need.
- Real Estate Agent
There are real estate agents who might also help you to find a buyer. However, keep in mind that you have to give them a percentage of the total price value of the house as their commission. Though it might lessen the amount you get after selling the house, a real estate agent can still be helpful, especially if you’re not planning to sell the house on your own.
- Traditional Buyer (Real Estate Investors)
Most traditional buyers who are willing to purchase a house in bad condition are primarily individual investors that’ll resell the house after they renovate it. However, since repairs will be their responsibility, expect that they’ll try everything to convince you at a price that’s far below the house’s market value. The amount they’ll offer is enough for them to fund their renovations and earn some profit afterward.
If you prefer to sell your house to a traditional buyer, you can use different peer-to-peer platforms online. Since they constantly look for a flipper house, they can be mostly found on platforms that connect house sellers and buyers directly. You can also advertise the house on social media to reach a larger audience. Keep in mind that this option might take time before you find a buyer unless you have an in-demand property.
Get Your House In Shape
Although there’ll still be buyers out there who’d be willing to buy your house in poor condition, you might as well get it back in shape if you want to sell it at a higher price. After all, some repairs and renovation can do wonders in terms of your property value. Additionally, you can also find an interested buyer right away without having to wait for months, especially if you’re selling it on your own.
But how do you get your house back in shape if you have no idea in terms of repairs and renovation? Consider hiring a real estate agent to help you out, or better yet, hire professionals who have years of experience in the field.
Make A List Of All That Needs To Be Done
Make a list of the issues and damages you need to address. Let professionals identify how much it’ll cost to repair and renovate the house. Then, compare that amount with how much you’ll get if you sell your home without renovating it.
If renovating will earn you more money out of your property, then it’s time to get the ball rolling. But if the damage is considerable and renovating it is more expensive than the sales price of your property, then you might as well sell it in its current state.
Selling a house isn’t an easy task. What more if the house is in bad condition? However, that doesn’t mean you can’t find a buyer. If you want to sell it as it is, then go to a real estate solutions company that’ll buy your property regardless of its condition. Keep in mind, a house that isn’t in good shape will likely be priced lower than the market value. But if you want to get a higher price for your house, don’t hesitate to renovate it.