How Do You Sell a House That’s in Poor Condition?
Selling your home can be stressful enough, let alone all the work that goes into making it look presentable. Sometimes a house needs a light dusting and minor repairs, but other times the repairs can be more costly. You might find that there is just too much maintenance needed. Sometimes the cost of major repairs outweighs the benefits of selling on the traditional market.
You can learn for yourself with one of our free consultations. This helpful service walks you through the details as well as our process of determining the best offer for your home. Within 24 hours, you’ll receive a cash offer regardless of the condition your home is in. Take as much time as you need to make an informed decision, before calling us back to proceed!
But there are other steps you can take to help sell a house that’s in poor condition.
1. Figure Out What “Poor” Condition Really Means
A home on the market looks different to everyone passing by. What seems reasonable to one potential buyer could be a hard line in the sand for someone else. If your home has seen better days, it’s a good idea to learn how extensive the problem is before putting it on the market.
There’s a big gap (think thousands of dollars!) between what’s considered dingy and what some people think is uninhabitable. The opinion of a home inspector is a little more objective, and is primarily concerned with a home’s structure. They’ll review your plumbing, electrical work, foundation and many other things. Severe problems with the infrastructure will require the most effort to fix, but doing so will prevent your home from being labeled uninhabitable.
2. Review the Local Market
There’s a lot of information you can gather from your local real estate market. Whether buying or selling is on top right now, or what similar houses are going for. If there are other homes in poor condition on the market, they may influence what other buyers are willing to pay for yours. You’ll also be able to see what changes other sellers have invested in.
Check out online sites and local listings for the market’s status. Find homes similar to yours and see what people are talking about! If you’re lucky, you could learn what changes are the most likely to result in getting your home sold.
3. Know a Home’s Value, Regardless of Condition
Every home has a value, even if it’s only the land that it was built on. Even if your home is in poor condition, it will have a value based on that condition as well as the location and the lot. If you sell it all “as-is,” there may be someone who can recognize the value.
Selling “as-is” can simplify offers you may receive. It alerts potential buyers that you’re not planning on making any repairs. They would be responsible for making any fixes or updates. Someone looking to move in quickly might not be interested, but other people may be interested in flipping or investing in the property. Learn your house’s value to ensure you always get the best possible deal. Most real estate agents *should* be able to figure this out. If you want an accurate and detailed list of options, give Sell Now Iowa call.
Sell Your Home Fast with Sell Now Iowa
Sell Now Iowa is always looking to buy homes in Des Moines that are like yours. Why not try one of our free, no-obligation consultations to learn why? We thoroughly evaluate your property with our team of experienced real estate professionals. After 24 hours, we’ll have a fair cash offer for your home and a list of alternative options.
Maybe you’re looking to get away from an annoying HOA or there are too many repairs to handle. It doesn’t matter why you’re selling, because we’re always buying. We’ll make sure you get a good deal quickly and without any hassle. If you’d like to learn more, give us a call today at 515-531-2274.