Selling a house that needs work? Feeling intimidated by the expenses you may have to incur? Not to worry. We have put together some great tips to help you sell your Colorado Springs home… even if it needs some work!
Many people procrastinate about making repairs to a home because they don’t have the time or money to fix them. Unfortunately, this ends up costing more money in the long run, not to mention the stress and hassles that come from a run-down house.
There are many people out there who will buy your house for a great price, freeing you from the property and the burden of making repairs. The strategy of selling is a bit different, and with our tips, we can help you sell your Colorado Springs house quickly and for a great price!
How to Sell a House That Needs Work in Colorado Springs
Fix What You Can, But Not More Than You Need To
There are many things that can be repaired relatively inexpensively while still making a strong impact. A fresh coat of paint is a simple and easy fix. Repairing holes in the walls, cleaning the carpets and adding new fixtures are all great ways to make the house look better without breaking the bank. We also recommend repairing the roof if it needs it and cleaning up the yard. And never forget Curb Appeal where potential buyers are concerned. If their initial impression is of a neat and tidy yard, they will have a more open mind when viewing the rest of your home!
Get Your House in Front of Serious Cash Buyers & Investors
It can help to become involved in investment and real estate groups, which can get the word out about your home and help people to see the potential value. Run the numbers yourself and let people see what it will cost to repair vs. the value of the home when it is complete. Being able to communicate the value of your house to potential buyers is very important when selling a fixer-upper.
Focus On What’s Good
Even if the house has areas that require major improvements, there is bound to be something about it that is appealing! Maybe it’s the location or the custom features, such as built-in cabinetry. Focus on the positive and the potential of the property once it has been fixed.
Honesty Is The Best Policy
While you want to play up the good features, you also need to be 100% honest about what is wrong with the house. It’s not smart to hide anything that you know needs work. By disclosing everything, you can address it head-on as opposed to after the inspection has been done. You don’t want to set yourself up for a lawsuit by concealing a potentially deal-breaking facts about the property. Plus, it’s the right thing to do.
Call For Offers and Wait
One strategy many people use is to call for offers and wait. Let it be known that you are widely advertising the property, and will be taking any and all offers into consideration. Set a specific date as to when an offer will be accepted. This will create a sense of urgency and will potentially pit multiple investors against one another in a battle for your home.
Help People Use Their Imagination
Regardless of what shape the property is in, there are things you can do to set the mood. Is it a nice day? Make sure the windows are open to let the breeze come through. Stage the home to the best of your ability and clean up as much as possible. Put unnecessary items away and out of sight. You can even find free interior design or room planning software to show what the potential of the room with a few renovations. Help your potential buyers see what could be!