Essentials to Selling a House That Needs a Lot of Work In Orlando

There comes a time in every homeowner’s life when they have to contemplate selling their home. For some, it could be prime property that will attract a lot of offers very quickly. For others, the house might not be very attractive to look at and could be falling apart.

If your case is the latter, then don’t be discouraged. There are proven tactics that will enable you sell your house in Orlando quickly even if it needs a lot of work. This article explores some tactics and explains how you can make them work to your advantage. This way you can get several offers as soon as you put your house up for sale.

a) Who Are Your Buyers?
The first step in selling a house in Orlando that needs work is to know who makes the ideal buyer. It helps you target them more effectively.

Houses that need work attract the following people: investors, bargain hunters and rehabbers.

i) Investors
These are individuals that are interested in buying your house regardless of the condition. In fact, the worse the condition the more attractive it is to many investors. They like to get their hands dirty and buy houses that need a lot of work. Often times, they will renovate it and then re-sell it for a profit. In some cases they will buy it, fix it up, and then rent it to a tenant to live there.

ii) Bargain Hunters
These are individuals that look for something affordable that they can fix up themselves over time while they live there. If your house is in a good area that’s in high demand but it is run down, you are likely to attract this type of buyer for your house.

iii) Rehabbers
These are similar to investors but they do not hold onto the property long term. They usually just want to buy the house, remodel it, complete all repairs, and then re-sell it as quickly as possible.

b) Prepare The House and Remove The Clutter
Nothing puts off a prospective buyer than a yard that is filthy and an interior that is filthier and cluttered. Inasmuch as your house might have seen better days, you should consider putting in the effort to clean it up a little.

Ensure that the yard is clean and that all the clutter in the house is removed.

Also, consider patching up any holes and make small renovations and repairs if you feel inclined. Don’t go for a complete overhaul of the house.

Since your market is well defined, consider getting an inspection done beforehand. This inspection should uncover any problems that might be used against you in the negotiation process. You can a list detailing the issues within your house so that the buyers know what to expect. This way they cannot ambush you.

c) Price The House Appropriately
Pricing a home is a delicate act that requires a lot of discretion. You must avoid going either too high or too low on the price just to make a profit or get a buyer. You stand a high chance of success if you price the house accordingly.

If you don’t know how to go about pricing the house, a realtor or appraiser can help you determine the true value.

In a nutshell, those are the three key steps that you must take to enhance your chances of successfully selling a house.

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on selling your house below. Like us, follow us, connect!

Leave a Reply

Your email address will not be published. Required fields are marked *