Just because the local real estate market is down or your property is not as eye-catching as it used to be does not mean that you must settle for less. Whether you have allowed an older home fall into disrepair or simply have countless unfinished projects around the house, here is a look at some tips for selling a problematic property of any kind.
Don't Hide the Problems
A seller's first instinct may be to hide or ignore some of the bigger problems, but this could be a costly mistake that actually evolves into a legal issue. If there are major issues with a home such as a termite infestation, then they either need to be treated by a termite control professional or you must be clear with sellers about exactly what is taking place.
Prioritize Your Repairs and Upgrades
Those who are selling a problematic piece of property most likely do not want to spend much time or money improving it, and this is why they should prioritize just a handful of important changes. As a general rule, it is the major mechanical components of a home such as the plumbing, structural integrity, and electrical system that the owner should focus on. Those who have any money to reinvest back into the property should make it livable before making any cosmetic changes.
Take Emotions Out of the Equation
Even homes that have fallen into disrepair may still have quite a bit of emotional value for an owner. Unfortunately, this is not very practical when selling an unappealing home and could lead to some pricing issues. Try to take your emotions out of the equation and focus on putting the home up for a fair price the very first time. Improperly pricing your home could result in months of unnecessary haggling.
Consider Selling Straight to a Real Estate Company
If time is not on your side or a private sale is no longer possible, then you may want to consider selling straight to a real estate or investment company like Fair Property Buyers. These firms can offer a no-haggle cash price without you having to go through the home and make serious upgrades and repairs.
When it comes to selling a home, small changes will often make all the difference. Homeowners that are ready to put their problematic property on the market may need to change up their selling strategy in order to maximize the final price.
About the author: Anica is a professional content and copywriter who graduated from the University of San Francisco. She loves dogs, the ocean, and anything outdoor-related. She was raised in a big family, so she's used to putting things to a vote. Also, cartwheels are her specialty. You can connect with Anica here. If you are struggling to sell your problematic property, Anica suggests contacting the real estate professionals at Fair Property Buyers.