How to Sell an Old House That Needs Work
If you own an old house that you want to sell, but you do not have enough money for expensive renovations and repairs, you may think that selling will be difficult if not impossible. However, you still can do it. Here is a list of tips prepared by We Buy Houses Oklahoma City that you can follow. They will help you to sell your old property.
Focus On Small Repairs
Sometimes small repairs are all you need to make your home look presentable and appealing for potential buyers. Even minor changes and improvements can significantly increase the value of your home. You should start by preparing a list of everything that is broken or worn out. This includes holes in the walls, cracked tiles, leaky faucets, and other things that may turn buyers away.
Know Your Potential Buyers
People who buy old houses are a special category of buyers. Usually, they are flippers who purchase properties and then resell them after a complete renovation. They buy old houses as-is and do not request any repairs. Another category is buyers who cannot afford a newer house and therefore buy an older property to save money and then do all renovations themselves.
Do a Thorough Cleanup
In many cases, just cleaning up your house might be enough. A recent study showed that thorough cleaning might increase the price of the property by almost 10%. All you need to do is remove the stains from the sinks and carpets, wash windows, organize storage spaces, and do some other small things to make your home look tidier. Do not forget about landscaping and cleaning up the backyard. There is no need to change landscape design completely. It may be enough to get rid of the weeds and mow the lawn.
Do Not Overprice Your Property
One of the most common mistakes that sellers of old houses make is overpricing their properties. To set the price right, you’ll need to calculate the remodeling costs and subtract them from the home’s ideal price. You can do some research and find out the prices of similar homes in your neighborhood. If you are not sure about the remodeling costs, you can always ask a contractor to give you an estimate.
Find an Experienced Realtor
Hiring a professional real estate agent may be a good idea because they will evaluate the condition of your property and tell you what your chances of selling your residence are. A realtor will also point out what changes and minor repairs need to be done before listing the property, which will increase your chances of selling the house.
Sell Your Property to a Real Estate Investment Company
Real estate investment companies purchase properties in any condition and any location. They do not care about your house’s condition — they will buy it anyway because they will renovate it later. Selling your home to one of these companies is a good idea if you do not want to do it the traditional way and need to sell your house as fast as possible. We Buy Houses Oklahoma City is a team of real estate investors who are not just professionals but also homeowners just like you. We understand how time consuming, frustrating, and complicated the process of a home sale can be. We do our best to make the sale process as straightforward as possible. Regardless of the condition and age of your home, we are ready to buy it and pay you cash. You do not have to spend any money on renovations, repairs, a realtor’s fee, or a home inspection. Do not hesitate to contact us by filling out the form on our website, and we will get back to you within 24 hours.