My house has several big things wrong with it (foundation, electrical wiring, plumbing), and a lot of little things (siding is ugly, windows are decayin, many of the doorknobs don't work properly, the front door is beat up, cracks in the walls around windows, no light fixtures, no bathroom exhaust fan, the list could go on). I'm prepared to sell my home for much less than others in my neighborhood, but I want to get the best price possible without being dishonest.
I've never sold a house, let alone a fixer-upper. I know that I should sell it "as is" but don't know much more than that. Can someone with experience please advise me?
Thanks!
2007-08-12 01:46:56 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Its very easy to market your type of prorperty the hard part is keeping dishonest people from making offers. Investors love these types of houses as long as they only cost a certain percentage to fix up. This on sounds as if its not that bad the only concern would be the foundation. If the foundation is cracked it could be cosmetic and that is an easy fix. If it is structual then it becomes more of an issue. The marketing aspect of a fixer upper is like other houses except you may want to show a couple of fixable areas along with the good areas on your flyers. Keep in mind that the details can be disclosed in the Purchase Contract and not in the marketing.
I can help you through the entire process if you like, just email me. There are certain things that need to be done and others that don't necessarily need attention. Always stress the importance to the buyer to have an home inspection done. It is an upfront cost to them (sometimes they ask the seller to pay) but it helps both the buyer and seller in the transaction and is well worth it.
2007-08-12 02:20:27 · answer #1 · answered by Anonymous · 16⤊ 3⤋
Selling A Fixer Upper
2016-10-13 10:07:44 · answer #2 · answered by ? 4 · 0⤊ 0⤋
This Site Might Help You.
RE:
What is the best way to market and sell a fixer-upper?
My house has several big things wrong with it (foundation, electrical wiring, plumbing), and a lot of little things (siding is ugly, windows are decayin, many of the doorknobs don't work properly, the front door is beat up, cracks in the walls around windows, no light fixtures, no bathroom...
2015-08-10 19:44:49 · answer #3 · answered by Efrem 1 · 0⤊ 0⤋
Well, sounds like you need to find some positives to put emphasis on... location, neighborhood, yard/landscaping, proximity to schools, stores, entertainment facilities, etc... Do some research as to the cost for updating and repairing your home so you can talk knowledgeably about it to prospective buyers so they can get the idea that you're not trying to "take" them. Honesty about what needs repairing will help to win their confidence, but you need to have confidence in the positive aspects of your property. Good luck to ya!
2007-08-12 02:07:03 · answer #4 · answered by Tara 4 · 3⤊ 0⤋
get it appraised.
a educated buyer will get a inspection of the house and will know all of it's problems and most likely things you don't even know about.
Advertise as a fixer-upper
Good luck
2007-08-12 01:58:26 · answer #5 · answered by Jan Luv 7 · 4⤊ 2⤋
Why didnt I think to ask a question like this. I am currently doing the same thing you're doing. My agent hasn't really offered much advise except fix this n that. Then he stated that I have my house priced too high.
2007-08-12 01:55:35 · answer #6 · answered by ★Banäna . Nightmärẹ★™ 7 · 2⤊ 5⤋
try rehablist.com. they specialze in listing properties that need fixing.
2007-08-13 09:40:44 · answer #7 · answered by Albert Arroyo 2 · 1⤊ 1⤋
From the sounds of it and I am trying to help not be nasty, your home is probably worth about 1/3 what you think it is.
You can get some estimates for the work that needs to be done to give you some idea of how much ork it needs.
2007-08-12 01:56:11 · answer #8 · answered by Anonymous · 0⤊ 8⤋