How to Sell a House That Needs Work
Do you want to sell your old house that needs some repairs but lack the money for a complete renovation? Selling is still possible. All you need to do is follow the tips in this article prepared by Purple Mountain Holdings, a family-owned real estate investment company located in Colorado Springs.
Tip #1 – Do a Thorough Cleaning
Giving your house a good cleaning can make a big impact. Scrub those bathrooms, wipe down the baseboards, and clean your kitchen backsplash. Also, don’t forget about removing stains from your carpets, sinks, and drapes inside the house. These small changes will help your home look much more presentable and appealing.
After you’ve cleaned the inside of your house, it’s time to move outside. Cleaning up the yard and doing basic landscaping can increase the value of a property with little effort on your part. Landscaping can be quite easy and completed without hiring specialists or changing landscape design completely. You can start by mowing the lawn and getting rid of the weeds.
Tip #2 – Don’t Overprice Your Home
You don’t want to undervalue your property, but you also don’t want to make the very common mistake of overpricing your home. In order to set the right price, you should calculate the potential remodeling costs and subtract them from your ideal list price.
Tip #3 – Make Minor Repairs
Minor repairs, even easy ones, can increase your selling price and help sell your home much faster. First, you should prepare a list of everything in your house that is worn out or broken. This includes holes in walls, leaky faucets, broken appliances, and other issues that can scare potential buyers away. It is recommended to replace broken windows and repaint rooms in a neutral color. You do not have to hire professional painters – you can definitely do it yourself.
Tip #4 – Determine Who Your Potential Buyer Is
You should understand that not everyone is ready to buy an old home that needs repairs. Therefore, it is important to learn about your potential customer base. Usually, most buyers of old houses are flippers who buy properties that need repairs and then sell these properties for a higher price. Of course, they do it after significant renovations, repairs, and even major changes to properties.
There is also a category of buyers who want to buy a home but cannot afford a new house in a particular neighborhood. Therefore, they are looking for cheaper, older houses that they may or may not renovate themselves after purchase.
Tip #5 – Hire an Experienced Real Estate Agent
Working with an experienced realtor may help you sell your old residence. A realtor will be able to evaluate the condition of your home and give your recommendations on what needs to be fixed before listing your property. It is good to work with a realtor because they know the market well and can tell you whether it is even possible to sell your home without investing money in repairs and remodeling.
Selling Your Home to a Real Estate Investor
As has been mentioned above, there are people who are ready to buy your home in any condition, even if it is an old house that requires significant repairs. They are real estate investors who purchase a house as-is and pay homeowners in cash. Working with these buyers is a perfect solution for those who do not want to go the traditional way of hiring a realtor and need to sell their property as fast as possible.
Purple Mountain Holdings is a family-owned real estate investment company located in Colorado Springs that is ready to buy your home as soon as you are ready to sell. We buy all types of homes, including really old and ugly homes. If you are interested in selling your residence fast but do not have money to invest in remodeling and fixing issues, selling it to Purple Mountain Holdings is a perfect option. Do not hesitate to visit our website or give us a call at 719-476-2727 to talk to one of our agents and find out more information about the sale process.