There are a lot of different factors to consider when you are thinking about selling a house. It’s important that you are able to sell your home quickly. When properties are on the market for a long time it makes it more difficult to sell the property or to obtain your ideal sale price. It is usually even more important to find your house quickly if you find yourself in one of the following situations:
- Inherited a fixer upper house from a family member that is in a state of disrepair
- In the process of a divorce and need to sell your primary residence or rental
- Landlord with a rental property whose value is now less than the original purchase price
- Avoiding foreclosure
- In need of money quickly for other obligations
Whatever your reasons are for wanting to sell quickly, the team at Padstone Properties has put together some tips to help you accomplish your goals:
Determine whether or not your house is a fixer upper. If you own a property that might be considered a “fixer upper” you will probably have a different strategy from a homeowner whose property just needs a little updating. You might own a fixer upper if your house needs:
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- Major foundation repair
- A new roof
- Defective paint or siding that has fallen off or is defective
- Floors that are sagging, bowing, or that need to be removed
- Has fire or water damage
- Kitchen that is not functional and/or appliances that don’t work
- Additions that were not permitted that would have to be redone to sell the house
If your property is a fixer upper that fits any of those descriptions it is probably in your best interest to reach out to a real estate redeveloper, like Padstone Properties. A real estate redevelopment company will purchase your house quickly in “As Is” and will make you an all cash offer. This is important because it means you won’t have to spend any money to make repairs. Traditional home buyers will most likely not be able to use traditional financing to purchase your home because your property would not qualify for a traditional mortgage. Alternatively, most traditional home buyers will either not want to spend the money to make the necessary repairs or they will ask you as the property owner to make the repairs to the property. You should also know that inspections are required when you are working with a realtor and a traditional home buyer. If the inspection shows any major repairs are necessary you will either need to make those repairs or will need to renegotiate the offer and sale price of your property based on what the inspection uncovers.
If your house doesn’t need a lot of updating or major repair it would probably be better to work with a realtor. Realtors can definitely help speed up the time it takes to sell a house, but you will also need to price the house accordingly to pay for the commissions and fees. It is probably best to work with a realtor when your house needs a little bit of do it yourself (DIY) work. You may be able to make some simple updates yourself that would allow you to sell your house quickly. Some simple and cost effective updates that every property owner should make in order to sell their house quickly are:
- Interior or exterior painting
- Hire a landscaper
- Stage the property
- Hire a professional photographer
Don’t underestimate the importance of curb appeal. These simple do it yourself tips will help you sell your property quickly and generate more offers.
Padstone Properties is a real estate redevelopment company based in Richmond, Va. We specialize in buying homes that are fixer uppers or that need a lot of repair. If you are interested in receiving a no obligation cash offer on your house please fill out the link below. When you reach out to Padstone Properties we promise to:
- Make a no obligation cash offer on your property within 24 hours
- Let you pick the day and time of closing that is best for your schedule
- Close quickly
- No realtor commissions
- No repairs or removal of property necessary by the property owner
We hope this information was helpful and hope to hear from you soon.
