Your home has served its purpose for several years, but you’re ready to move on. Whether you’re embarking on a new job opportunity, upgrading to accommodate your growing needs, or dealing with a financial crisis, selling your property quickly would help you accomplish your goals. The only problem is that your home is old, outdated, and needs some TLC. As most buyers prefer a residence that’s move-in ready, it’s easy to assume you’ll need a miracle to get your home sold fast.
Fortunately, there are ways you can speed up the home-selling process and secure the cash you need in as little as a few months! Continue reading for advice.
Get It Up To Code
You may not have the means to pay for elaborate renovations and upgrades; however, ensuring the property is up to code can help you sell the home faster. Have a pre-inspection completed to learn about the issues that would violate local building codes. Such improvements might include electrical, plumbing, roofing, and HVAC repairs. Homebuyers would prefer to purchase a property that’s structurally sound and safe than one that’s riddled with problems that could prevent them from securing a mortgage or moving in at their desired time.
Cover Closing Costs
Purchasing a fixer-upper is going to add to the buyer’s out-of-pocket expenses. You can increase their interest by relieving their burden and covering a portion of their closing costs. The great thing about this option is that closing costs are deducted from the proceeds of the sale, so you won’t need to have cash on hand.
Leave Gently-Used Furniture And Appliances
Another way to reduce the burden for buyers is to include furniture and appliances. If you have items that are gently used that you could leave behind, it’s one less thing the buyer has to purchase. Washing machines, dryers, refrigerators, dishwashers, living room, and dining room sets are all great things to offer with the purchase of the home.
Lower Your Asking Price
While the objective is to get the most for your property, asking too much for a fixer-upper will limit your potential offers. After having your home appraised, evaluate the market and other comparable properties in the area to determine the best price. Dropping the amount by even a few thousand dollars can increase your chances of getting it sold faster.
Host an Open House
The term “fixer-upper” can be an automatic deterrent for buyers. An open house can help them to get a better picture of the condition and potential of the property. Hire a professional home staging company or interior designer to decorate and transform your home. They are well-versed in turning even the most complicated canvases into beautiful masterpieces that generate offers.
An open house will also provide you with an opportunity to talk to buyers. You can share stories about what the home has meant to you and your family, discuss the neighborhood perks and amenities, and provide further information on the necessary repairs.
Home Buying Agencies
If selling your fixer-upper is proving to be more challenging than you expected, you can always console a home-buying agency. These are companies that will pay cash for your home (despite its condition). They will inspect the property and give you an offer, complete the necessary renovations to increase the resale value, advertise the property for sale, and then split any profits they receive beyond the initial agreement.
It’s a fast, easy, and convenient way to sell your home quickly. You can find these agencies through an internet search using phrases like, “sell my house fast in San Diego” (or your desired location).
It may seem like an impossible task to sell a fixer-upper, especially if time is of the essence. The cost of preparing a home to sell is often more than most homeowners have to spare. Rather than let your property sit on the market for weeks or months, use the above solutions to sell your home quickly.
