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How to Sell a Rundown House Without Breaking the Bank?

Selling a rundown house as-is can be daunting, but it doesn’t have to be. While many realtors will advise you to remodel and renovate before selling, that may not be feasible if you don’t have the cash or time. As the national average cost of renovations is $46,000. However, with the right approach, you can still sell your home quickly and for a good price. Here’s how:

Improve the Curb Appeal

First impressions matter, and that applies to homes too. Enhancing the curb appeal can make all the difference, even for a rundown home. Trim the hedges, mow the lawn, and add a fresh coat of paint if possible. By doing so, you create a more inviting atmosphere that can draw potential buyers to the property. Studies have shown that it can increase your sale price by 7%.

Disclose Everything Upfront

Transparency is key when selling a rundown home. Be honest about any issues that may affect the home’s condition, including structural damage, outdated electrical or plumbing systems, and mold. Such defects may not be deal-breakers for some buyers, but they need to know what they are getting into beforehand. By doing so, you avoid any surprises or disputes after the sale.

Price Your Home Realistically

It’s tempting to price your home higher than its fair market value in the hopes of making a bigger profit. However, this strategy is risky, as it may turn off potential buyers who are looking for a good deal. Research the local real estate market to determine the fair market value of your home and price it accordingly.

To price your home right, do some research on comparable properties in your area. Look at their condition, size, and location to get an idea of what your home is worth. You can also enlist the help of a home buyer company who is experienced in selling rundown homes.

Highlight the Positives

Every property has some positives, even a rundown home. Identify the unique features that make your home stand out and showcase them in the listing description. For example, if the home has a large backyard, emphasize that and add photos to the listing. Similarly, if the home has original hardwood floors, emphasize that, even if they need refinishing.

The “Call for Offers and Wait” Strategy: A Proven Tactic for Selling Your Property. 

By announcing your intention to sell and inviting offers from interested parties, you can spark a bidding war that will drive up the value of your home. Be sure to promote your property through various channels and set a deadline for when you will accept bids. This approach creates a sense of urgency and encourages investors to act quickly, resulting in potentially multiple offers and a higher final sale price.

Consider Selling to Cash Home Buyers in Hamilton

If you want to avoid the hassle of traditional home sales, consider selling your home to a cash buyer. Cash buyers are typically investors who purchase homes as-is and pay cash for the property. Selling to a cash buyer can be a quick and straightforward process that allows you to sell your home without making any repairs or renovations.

If you’re looking to sell your rundown home quickly and without any hassle, consider selling to Cash home buyers in Hamilton. We buy homes in any condition, including rundown properties. We’ll make you a fair offer based on the property’s fair market value, and we’ll handle all the paperwork and closing costs. You won’t have to worry about costly repairs or renovations, as we buy homes as-is. Additionally, we pay in cash and close the deal in as little as seven days.

So, Even if it’s Not Move-In Ready, You Can Still Make a Sale!

In conclusion, selling a rundown home as-is may seem challenging, but it’s not impossible. With the right approach, you can attract potential buyers and sell your home quickly and for a good price. By improving the curb appeal, being transparent about any issues, hiring experienced house buyers in Hamilton, pricing your home realistically, and highlighting the positives, you can make your rundown home more attractive to buyers. Alternatively, you can contact us and avoid the hassle of traditional home selling.  Send us a message or call We Buy Your House at (905) 974-9869.

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