Selling An Old House?
Selling your home is both a stressful and exciting time. You want to sell your house fast and for top dollar but you also know, no matter what condition your house is in, you’ll need to put in a little elbow grease to help market it.
If you’re trying to sell a house that needs work, you have a unique challenge on your hands.
From knowing who you are selling to and what changes are the most effective, here’s everything you need to know about selling a house that needs work.
Who is Your Buyer Pool?
When you’re selling a house that needs repairs, it is important to keep your buyer pool in mind. Who you are selling your house to makes a big difference in terms of the amount of work you put into it, what you sell it for, and who you want it to appeal to.
Selling to an investor who aims to fix up houses for sale is very different than selling to a family who is looking to renovate their dream home.
1. Selling to House Flippers
We buy houses in longmont, those are typically one of the ways that cash house buyers identify themselves.The most likely buyer for your house is a house flipper. A house flipper’s main goal is to make a profit. A house flipper will buy a house for a low price, renovate it and then sell it for a higher price.
If you’re worried a house flipper will try and get your home for less than you want to sell it for, talk to your realtor. Just because an investor or house flipper wants to get a deal on your house, doesn’t mean you need to lower it more than you’re comfortable with.
2. People Who Are Looking for Deals
Another likely buyer for your home is someone who is hoping to buy a home and make small changes and renovations over time. These people are looking for a deal.
Deal hunters are hoping to buy a house that needs work so that they can get a house they can afford and fix it up little by little. If you live in a nice area and neighborhood you can expect to find people who are looking to find an affordable house in a good school district.
3. Selling to Remodelers
A great potential buyer for your home is someone who has money but hasn’t been able to find a home that has been renovated to their liking in your area. These people are home remodelers.
Home remodelers are buyers are hoping to find a home that needs work so that they can renovate it the way they would like to. If you live in a great area, there can be a lot of competition for homes.
A house that needs work is a great option for someone to get in the neighborhood and create their dream home with a clean slate.
Selling a House That Needs Work by Adding Curb Appeal
When you’re selling a fixer-upper you probably don’t want to spend a ton of money to put it on the market. Adding curb appeal won’t cost you very much at all. A lot of this work can actually be done for free.
It won’t cost you anything to rake leaves, clean up dead bushes, or mow your lawn. Just giving your exterior a little spruce up can go a long way.
If you do want to put a little money in you can plant a few flowers, re-paint your front door, and put a new entry mat in front for under $100.
Selling House as is Condition: Highlight Your Assets
Your home may need a lot of work but there are probably some nice features that can really help sell the place. Even if you’re selling your home in as-is condition, you should show off nice features.
Show off your home’s size, windows, natural light, outdoor space, or anything else that you would consider an asset.
To best highlight your assets, clear some space so that your architecture shines. The less clutter and stuff you have in your home, the larger your home will appear.
Make Small Changes
When you’re selling a fixer-upper, you can make some small changes that will have a big impact. Small changes include changing out fixtures, replacing cabinet handles, freshening up throw pillows or window treatments.
Purging, decluttering, and staging furniture is another small change you can make that will help your house show better.
Fix the Little Things
If your house has a bunch of broken stuff that is easy to fix or replace, tackling a few of these little repairs can help your house show better. Let’s say you have a door hanging off the hinge, for example, bolt it back on so it is one less thing potential buyers can deduct at closing time.
First impressions matter. Any little fixes you can make near the entryway or main living areas will help market your home.
Low Budget Upgrades
If you’re selling a house that needs work, a few minor upgrades that don’t cost a lot of money can help add value to your home.
By giving your home a fresh coat of paint, for example, you can make a big impact without spending a ton of money.
Painting your home a neutral color will make your home appear larger and more updated than it actually is.
Price Your Home Well
When selling a house that needs work, you want to make sure you price it well. Pricing your home right will help it sell for top dollar and quickly.
If you price your home too high, you might risk it sitting on the market too long. If you sell yourself short, you could be losing out on a nice profit.
If you’re ready to sell your home quickly, fill out the contact form here to start talking with professionals who can work with you on selling your home.