Selling a property that needs repairs can be much more challenging than selling the average single-family home in Murfreesboro. Unless you have experience sometimes it’s difficult to know where to start and when to stop. You want make it nice so you get the best price but you don’t want to over improve either. However, with the right strategy, you can sell a house that needs repairs and get a fair price for it. In this blog post, we will discuss six things you need to know about selling a property that needs repairs in Murfreesboro, including how a direct buyer such as Provision Homes LLC can buy your house as-is without the need for you to make any repairs.
1. Understand The Murfreesboro Real Estate Market
One of the first things you need to do when selling a property that needs repairs is to understand the local market. Start by researching the local real estate market to determine the demand for properties in your area. You should also research the sales prices of similar properties in your neighborhood that have recently sold. This is known as running the comps and should give you an idea of what your property is worth.
2. Make Repairs As Needed
If you are planning on listing the property with a local real estate agent it’s a good idea to make any necessary repairs before putting your property on the market. This can help increase the value of your property and make it more attractive to potential buyers. However, be careful not to overspend on repairs, as you may not recoup all the money spent when the house eventually sales.
3. Price Your Property Competitively
Pricing your property competitively is essential when selling any property but this is especially true when selling a house in Murfreesboro that needs repairs. You don’t want to price your property too high, as this can turn off potential buyers. At the same time, you don’t want to price your property too low, as this can leave money on the table. Working with a direct buyer to sell as-is can ensure you get a fair price for the property.
4. Clean And Stage Your Property
Start by cleaning everything up, then hire a professional stager. This can help make it more attractive to potential buyers here in Murfreesboro. This means decluttering your property, rearranging furniture, and adding decorative touches to make it look more modern and inviting. Staging can help buyers visualize themselves living in the property which can help you get a better price for your property.
5. Market Your Property Effectively
Marketing your property effectively is crucial when selling a property that needs repairs. You need to get the word out to potential buyers that your property is on the market and highlight its best features. Work with a real estate agent to create a marketing plan that includes online and offline advertising, open houses, and other promotional activities. You just need to be prepared to give up typically 6% of the total sales price to the agent. Plus you will most likely be asked to make certain repairs anyway..
6. Consider Selling To A Direct Buyer
Selling to a direct buyer such as Provision Homes LLC can be an excellent option when selling a property that needs repairs. We buy houses as-is, which means you don’t need to make any repairs whatsoever. You don’t even have to clean! just take whatever you want and leave the rest behind. This will save you time and effort in not having to deal with stuff you don’t even want. Since we buy houses directly from the seller without an agent in the middle there are no hefty fees and commissions. We cover all the normal closing costs as well. We have streamlined our home buying process to make things flow smoothly and hassle free! Give us a call at 615-310-1909 or fill out the form below to discuss further!