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7 Practical Tips for Selling a House in Poor Condition (Quickly and Profitably)

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Published in Business Articles

It’s not always easy to sell a house. Depending on the real estate market, your location, and the condition of your home, it can be even more challenging. For example, if you’re selling a house in poor condition, it can sit on the market for a long time.

Fortunately, there are steps you can take to make sure you sell your home quickly and for as much money as possible without dumping in a ton of time and work. We want to give you a few pointers on how to make that happen.

Keep reading for a quick guide on how to sell a house that needs work.

1. Get an Inspection

First, though you probably have a good idea what kind of condition your home is in, you need to be certain. We recommend getting an inspection done on your house.

This will give you a heads up about any issues or damages you weren’t aware of. Otherwise, you and a prospective buyer will be surprised when they hire an inspector. Any unresolved or unadvertised issues have the potential to scare your buyer away.

2. Decide What Repairs and Renovations to Complete

When selling a house in poor condition, you need to decide what repairs to make. Based on the results of your inspection, you can prioritize the list.

However, you must also learn what not to fix when selling a house. There are some repairs that will cost you more money than they’re worth. You don’t want to sink money into your home unless you’re going to make a profit off of the repairs or renovations.

If you’re selling a house that needs work and wants to sell it quickly, we recommend addressing minor, cosmetic issues. Focus on making the home look as attractive as possible so buyers can see its true potential. This includes patching holes in drywall, adding a fresh coat of paint (inside and out if necessary), and getting rid of dingy, stained carpets.

3. Know What Your House Is Worth

Once you’ve completed any repairs and renovations, you can get a better idea of what your home is worth. We recommend doing a comparative market analysis. Find out what the other homes in your neighborhood have sold for in the last few months.

You must compare homes near you because home values vary from neighborhood to neighborhood. You must look at homes that have sold recently because the housing market is constantly fluctuating. For example, homes that sell in a seller’s market will sell for much higher than homes that sell in a buyer’s market.

Finally, get an official home appraisal from your bank. The appraiser will come by to inspect the home, much like the inspector. However, they will provide their assessment of what the home is worth.

Once you have an accurate estimate of your home’s value, you can put it on the market and start reaching out to potential buyers.

4. Highlight the Home’s Positive Features

Nex, learning how to sell a house in poor condition means figuring out how to promote its most attractive features. For example, many older homes that are run down still have fantastic bones. Your house may have charming architectural features, like:

  • Hand-carved railings and trim
  • Archways
  • Original hardwood floors
  • Double French doors
  • Built-in china hutches
  • And more

While modern construction homes are beautiful and appealing in their own way, there’s something nostalgic and inspiring about vintage home designs. Take advantage of these features to sell your house faster and for more money.

5. Declutter and Depersonalize

Next, if you’re planning on selling a house in poor condition, you must ensure buyers can see the potential in it. They must be able to envision their lives inside the home. To make your house more inviting to prospective buyers walking through, declutter and depersonalize as much as possible.

Get rid of old, ratty, and worn-out furniture. Additionally, remove all personal collections, certifications, awards, and photos. Then, ditch any niche design features and decor. This includes niche artwork, odd/bright/unique wall paint and wallpaper, and more.

If possible, your best bet is to move out of the home. The more you can remove the signs of someone living in the house, the easier it will be for buyers to imagine themselves living in it.

6. Deep Clean the House

No matter what condition your house is in, it can always be cleaned. Potential buyers want to tour homes that feel safe, clean, and sanitary. If they walk into your house and are afraid to touch anything or look in the cabinets, it won’t bode well for the sale.

Spend a week or long weekend deep cleaning the home. Spend extra time in the bathroom and kitchen, common areas that are germ and bacteria hotspots. The cleaner they appear, the better.

You should also vacuum and shampoo the carpets. If you have pets, work overtime to ensure there are no signs of them. This includes pet hair, odors, litter boxes, etc.

7. Sell to a Cash Home Buyer

Finally, if you’re wondering, “Can you sell a house in poor condition in a matter of weeks?” the answer is yes.

However, selling your house traditionally can take months. On top of preparing it for the market, you must also wait for a buyer to make an offer.

When you get an offer, you’ll begin negotiations. When selling a house in poor condition, negotiations can be especially tedious. The buyer is going to want the cheapest price possible, while you are pushing for the exact opposite.

Furthermore, even once you sell the house, it can take six weeks or longer for the deal to close. If you don’t have that kind of time and don’t want to spend a dime prepping your house, consider selling to a cash home buyer.

If your top priority is to “sell house fast,” a cash home buyer can make it happen. You can get a cash offer in 24 to 48 hours, avoid making repairs, and bypass long closing processes. Most cash home buyers can close on a home within one or two weeks.

Are You Selling a House in Poor Condition?

Selling a house in poor condition can be a real challenge. Fortunately, it doesn’t have to be that way. Follow the steps listed above to save time and money.

Remember, if you need to sell your home now, you have the option of selling to cash home buyers. And if you want more home selling advice or lifestyle tips, check out some of our other articles while you’re here. Our blog was created to offer our readers a wide variety of valuable information.

 

 

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