5 Tips for Selling a Fixer-Upper
Every home seller’s circumstances are different. While some may have the time and resources to get their home in tip-top condition before listing it for sale, others might end up selling a fixer-upper because they have no other choice.
If you’re apprehensive about selling your home in a less-than-ideal condition, allow us to calm your nerves. Our Guaranteed Offer program is the ideal solution for a home in need of repairs, as it allows homeowners to skip the hassle and receive a cash offer without showings or open houses!
However, our expert listing consultants can also offer exclusive market insight and top-performing home-selling strategies to sell your home in any condition. Even if your home is a little rough around the edges, we can assure you that a strong offer is still in the cards. Read below for our top five tips for selling a fixer-upper.
5 Tips for Selling a Fixer-Upper
Set a Realistic Price
Establishing a listing price for a fixer-upper can look slightly different than a traditional listing. Although your initial instinct will be to sell your home for as much as possible, it’s important to be realistic with yourself. Your listing price should accurately reflect your home’s value, accounting for the property’s current condition and the cost of repairs for its future tenants.
There are several different strategies you can use to determine your home’s worth. First, you should start with a pre-listing inspection, which will give a rundown of everything that needs repairing in your home. Then, you’ll want to determine your home’s after-repair value. If you intend to sell your home to a house flipper, you’ll want to consider your property value after necessary repairs and renovations have been completed. Generally, a house flipper looking to invest in a fixer-upper will want to pay no more than 70% of the after-repair value.
At Mark Spain Real Estate, our experts conduct a comparative market analysis to accurately price your home. Taking location, home features, and neighborhood comparables into account, we provide a real-time snapshot of market conditions to determine your fixer upper’s realistic property value.
Make Necessary Home Improvements
If you choose to sell your home as a fixer-upper, you can still knock out some quick and easy home improvements to boost your home’s value. With minor repairs like a fresh paint job or an upgraded mailbox, a little bit can go a long way with home buyers. Making these minor tweaks before your home hits the market gives you a better chance of making a solid first impression with buyers, even if your home isn’t in perfect condition. However, homeowners can also skip making home improvements and open houses with our Guaranteed Offer program!
Improve Curb Appeal
While your home’s interior might not be ideal, you should ensure the exterior is primed and polished. Because it is the first thing buyers will see, your curb appeal carries much weight in the selling process. So, before listing your fixer-upper, find ways to improve your curb appeal to catch buyers’ attention. From planting fresh flowers by your home’s entrance to giving your front door a fresh coat of paint, give your curb appeal the attention it needs to attract the right buyers.
Highlight Best Features
When selling a fixer-upper, it’s important to focus on what your home does have rather than what it doesn’t. So while your home might not have luxury features like marble countertops or a large swimming pool, it will still have some selling points that could spark buyers’ interest. Before listing your home, identify your home’s best features and find ways to highlight these during home showings and on your online listing. Perhaps your home has an appealing, open layout or is in a prime location. Any positive ways you can differentiate your property will be vital in selling your fixer-upper.
The expert listing consultants at Mark Spain Real Estate can paint your fixer upper in the best light. Taking your home’s best features into account, our team will implement effective home-selling strategies to maximize your buyer appeal. From hiring professional photographers for your listing photos to maximizing your space for better home staging, we’ll spotlight your home’s top selling points and streamline your sale.
Find a Fixer-Upper Friendly Real Estate Agent
A seasoned real estate agent is essential to any successful home sale, but especially when selling a fixer-upper. When putting your home on the market, your real estate agent will help with every vital step, from setting a listing price to optimizing your online listing. If your agent has experience selling fixer-uppers, they will likely have a network of investors they can contact about your listing.
At Mark Spain Real Estate, our experienced agents offer valuable industry expertise to set your listing up for success, no matter what condition it may be in. Using our top-performing selling strategies, you can paint your fixer-upper in the best light and land a strong offer.
Selling a Fixer-Upper with Mark Spain Real Estate
Are you selling a fixer-upper? The experts at Mark Spain Real Estate are here to help set your listing up for success. With decades of valuable industry experience, our team of trusted agents will streamline your sale and ensure it is hassle-free! And with our Guaranteed Offer Program, you can receive an offer on your home in only 21 days. Contact our agents today!
Buying A Home, Selling a Home