Without a doubt, needing to sell my Houston distressed house has been a challenge for a long time. When I thought about selling mine I started worrying about how much I would spend on repairs, and if I’d get my money back after closing the deal. The kinds of properties found on the MLS are those that are in pristine shape. Real estate agents in Houston tend to avoid distressed homes because they know they won’t get much from selling it. So I reached out to us for advice on how to sell my home fast and this is what they told me:
- Know how to appeal to the right buyers
Buyers are not into distressed homes. Quite frankly, only a handful can even entertain the idea of buying such a house. That’s why you have to think about what they want. While marketing, you might come across a house flipper or a cash investor. Don’t expect to get the same response from these two. Selling a distressed house in Houston is very much possible, but only if you get it in front of the right buyer.
- Consider selling it for cash
For some reason, people always thing selling a home has to be a hassle. What they don’t know is the fact that we have real estate companies like us that are eager to make a purchase. Honestly, it’s quite beneficial compare to the tradition way of selling. All you have to do is to make sure you don’t fall prey to unethical or inexperienced homebuyers.
- Don’t go overboard with the repairs
It’s not a guarantee that you’ll get back all the money you’ve spent fixing the house after closing the deal. The repairs are meant to make it easier for you to sell. Although it’s will have a positive effect on the price, now might not be the perfect time to purchase big-ticket items. Just focus on the kitchen and bathrooms repairs.
- Write down everything
There’s a slight possibility that the buyer might contact you later on demanding a refund for whatever reason. Having a detailed contract with a buyer before selling the distressed home will clear you from any issue that might pop up down the road. Such cases happen and to avoid it you should think about selling to our company who buy homes as-is.
- Show them what it could become
Not everyone can afford a house. So a desperate homebuyer will want to buy cheap and make improvements. If you can enlist the services of an interior designer to help you create rendering of how the property could look like after a couple of improvements, selling it won’t be that difficult.
- Accentuate the strengths
Do you think the house has a great view? If you do, this might be a great time to accentuate it by showcasing the window. The goal here is to make the buyers see past the soiled carpet and chipped paint. You could add a few flowers on the mantle at the fireplace.
- Price to sell
The pricing has always been a deal breaker in many negotiations. Many sellers are usually unrealistic with their prices when selling distressed homes in Houston. They’ll come up with inflated amount even without consulting with professions or researching. Check out the prices of other similar homes on the MLS, and use that information to figure out an ideal price.