Your house is one of the most significant assets in your lifetime. Some house owners may want to sell their property for better investment opportunities, and others want quick cash for various reasons.
However, having to sell your house in poor condition, like the one with a leaking roof and poor plumbing, can be a bummer as you may not be able to attract a lot of buyers. The good news is if you tell an expert real estate agent, for instance, to sell my house in Kansas City, no matter its condition, they will help you get a cash offer quickly.
In addition, you can implement these seven practical tips mentioned in the article to help you sell your house in poor condition easily.
Tip #1: Evaluate the Current Condition of Your House
Before you put your house up for listing, make sure to get a better idea of the current condition of your house and what needs to be repaired to sell it in a breeze.
You can also get repair cost estimates from a few contractors, as this allows you to keep the budget in your mind and set a selling price accordingly with the help of a real estate agent.
Here are a few things that you need to look for (but not limited to):
- Water damage
- Unsafe wiring
- Chipping or fading paint
- Sagging ceilings or leaking roofs
- Outdated appliances
- Structural damage
- Mildew or mold
Tip #2: Define Solutions to the Problems
Once you have jotted down the problems that your property has, which will hinder prospective buyers from purchasing it, you should come up with a solution.
Of course, some of the issues that your property is dealing with may be quite costly. Here, you also need to assess if you have the budget to repair major damages.
If you have the budget, repairing them will help you sell your house quickly and for a greater price, which will even recover your repair costs. In addition to costs, you must also take into account the time and hassle needed to repair your current property.
Tip #3: Be Honest
If you are out of budget and don’t have time to make the necessary repairs, you should be honest with potential buyers during a home inspection.
Make them aware of any problems your house has, so they can clear their expectations and make an informed buying decision based on those factors.
You certainly don’t want to cover up major issues in your house, as this won’t do any good to you.
Tip #4: Sell Your Property As-Is
You can sell your house as-is without having to spend a lot of money on repair costs or dealing with the hassle of remodeling.
There are a lot of buyers in the market who are willing to buy a house without any repairs, but you surely do want to disclose all the property issues to them.
You also can’t expect your property to sell for a higher sales price as the potential buyer will be paying for the repair costs out of their pocket when they buy it.
Make sure you connect with a professional real estate agent with the knowledge and experience of selling as-is properties without leaving any profit on the table.
Tip #5: Go With Easy Upgrades
You can also increase the value of your house without putting in extra effort or exceeding your budget.
Start off with decluttering your property and thoroughly cleaning every nook and cranny. No matter what condition your house is currently in, this will immediately improve the look.
Cleaning and trimming the landscape will also boost the curb appeal of your property and entice more buyers to check it out. Painting the walls with a fresh coat of paint, updating basic hardware on your furniture, and cleaning the carpets will also lift the appeal of your house.
Tip #6: Highlight Good Things About Your House
It’s not possible to only have all the negatives. Your property will definitely have many positives, and you must use them to your advantage.
For example, your house may come with a swimming pool, a larger master suite, a beautiful view, lots of natural sunlight, an ideal location with schools, parks, gyms, and hospitals nearby, or innovative appliances.
Whatever the USPs your house has, make sure to highlight them in front of the potential buyers. Your positives may overshadow the poor condition of your house and make it easier for you to sell quickly.
Tip #7: Price It Adequately
Pricing your house appropriately will allow you to sell it quickly without leaving any profit on the table. If you price your property too low, you will attract many buyers but will be selling it for a loss.
Pricing your property too high won’t attract any buyers in the first place. Therefore, pick just the right price based on the condition, USPs, and current market price to sell easily with profit.
For this, it’s essential to connect with a professional real estate agent who will adequately price your property while considering all the factors to prevent you from any loss.