Most real estate agents advise homeowners of rundown homes to repair and renovate them to livable condition before listing. However, medium to significant repairs can take anywhere from 6 months to over a year to complete.
You may not have the time to wait that long because of a pressing financial emergency. Besides, it’s not as if you can’t sell a rundown house. If you don’t have the time or patience to oversee a renovation project, follow these five tips to sell rundown home fast.
5 Tips to sell rundown home fast
1. Target potential buyers
The most likely buyers of rundown homes are deal hunters, remodelers, and flippers. Target this class of buyers first if you want to sell rundown home fast.
That’s because these are investors or home buyers actively looking for rundown houses so they can renovate them and either live in them or sell them at a profit.
2. Improve the curb appeal
Ensure the exterior outlook of your house is attractive to give a positive first impression. Homes with better curb appeal sell 7% more than houses with poor curb appeal. Therefore, repair and paint the fence, trim bushes, mow the lawn, and generally keep the compound tidy.
3. Do repairs and upgrades
Sure, we did say you don’t need to repair the home, but a few minor repairs won’t harm your chances of selling your house fast. Indeed, it might even enhance your chances of doing so and fetch a higher price.
Before listing the house, repair critical areas of the home, such as the kitchen and bathrooms. In addition, ensure the water supply and electrical systems are functioning.
If you have the money, replace or fix appliances. You could always figure in the repair expenses when pricing the house.
4. Stage your house properly
Staging aims to make the interior of your home appealing to buyers. It helps potential buyers picture themselves in the house, so rearrange the furniture and décor and eliminate clutter. You should also depersonalize the space using neutral decoration.
A study done by HomeLight shows that 92% of real agents agree that staging increases the chances of selling. In addition, a professional stager can save you the time and mental creativity required to stage the house correctly.
5. Price your rundown house fairly
If your house is in a neighborhood with high housing demand, your chances of selling fast are high, even without staging, repairing, or improving curb appeal. On the other hand, if the property is in a location with low demand, you’ll need to sell at a lower price if you want to sell fast.
Also, selling your house during winter is disadvantageous as it does not allow leveraging curb appeal. It would be best to target summer as that’s the home-buying season when people are up and about searching for homes to purchase.
Consider the current market price for houses in the same area and condition as yours, or search online through various rundown house listings. That should give you a ballpark figure to price the home fairly and attract buyers for a quick sale.
Sell rundown home fast with Next Level Home Buyers
If you need to sell your home fast, try Next Level Home Buyers (NLHB). We won’t require you to conduct expensive repairs, declutter, or deep-clean the house. Instead, NLHB will assess the home in its rundown state and make you a cash offer.
If you agree to the sale, visit our office to sign the paperwork, and you’ll receive your cash within 24 hours. Contact us or call us at 860-368-0343 to sell rundown home fast.
WE BUY HOUSES IN ANY SITUATION:
Behind on Payments
- Death of a loved one
- Liquidating assets
- Inherited property
- Job loss
- Bad mortgage
- Medical Bills
- Extensive repairs