Selling your house can be a daunting process. Not only are there a ton of practical steps to take in order to prepare for the listing and make sure that the property is ready for a sale, but there are also often emotional challenges to face. It can be bittersweet to let go of something that has been your home for some time, even if you know it is the right choice for you and your family. This process can be made even more difficult if the home is in need of some repairs that you have neither the time nor the money to complete.
One of the most important factors in selling a home that requires a little TLC is making sure that the price is appropriate and reasonable,
The following will break down some of the things you can do to encourage the sale of your home, even if there are fixes that need to be made. Not all of the tips will apply to every home, so feel free to apply the ones that jump out at you most. Of course, every home is different, and therefore, every sale will be different too. For advice on your particular situation, it is always wise to get a real estate professional's opinion.
Make Sure Your Price Is Reasonable
One of the most important factors in selling a house that requires a little TLC is making sure that the price is appropriate and reasonable, given the work that needs to be done. You can speak to someone with knowledge of home repairs to get an idea of how much the fixes are going to cost the new homeowner and adjust your price accordingly. If major repairs are needed, your home is likely not going to be considered a move-in condition. This is okay, but your price needs to reflect it.
If you’re unsure of what this means for your property, in particular, you can speak to a professional real estate agent (or a couple of them) to get an idea of what would work in your situation. Likely you will need to lower your price below what the home would be worth if everything was in working condition.
Consider Alternative Sale Options
There are alternatives to listing your home and selling it to someone who plans on living there. There are businesses built around the quick purchase of homes. This route often allows you to skip the process of listing, which can save you a little time and money. This can be an excellent option if you’re looking into selling a house that needs repairs. Often these businesses are comfortable and used to working with homes that are not in perfect condition.
Do What You Can
Even if you can’t manage the needed repairs, there are still things you can do to make the home more appealing to potential buyers. Sometimes a little bit of time and attention can make your space far more welcoming. Make sure to clean up all the clutter that you can. The less of “you” in the space, the easier it will be for people to imagine the property with their own influence in it.
Clean up garbage both in the yard and home. Put personal items away. Move things out of the house early, if possible. The less work potential buyers need to do, the better. If there’s a lot of clutter scattered all over the place, they’re going to be thinking about the clean up they will be required to do before they can even begin on the repairs. Leave them with as few headaches as possible.
Include The Terms “As-Is” And Disclose Repairs Needed In Your Listing
To avoid people feeling misled by your listing and disappointed when they arrive to look at the house, be sure to make everything clear in the listing. This way, the people that show up know what they’re in for. They will be confident in their ability to work with a home in need of repairs. There are some people who don’t mind a little home improvement work for a good bargain.
With the above tips, you’re well on your way to selling your home that needs a few repairs. The sale process is going to look a little different for everyone depending on what needs fixing and other factors like the real estate market and the location of your home. It is possible that you might need to wait a little longer than average for a sale, depending on how these factors work together. If you are feeling uncertain, make sure to reach out to someone with home sale experience in your area.