How to Sell an Old House That Needs Work

There are many reasons why people sell properties that need repairs. Perhaps they are selling an inherited house or a property that they have been renting for a while that now looks a little tired. Selling a home that needs work is much harder than selling an average house. If you are the owner of a property that required repairs, you are probably asking yourself, “How should I market my home?” or “Are there any ways to attract more potential buyers and make my home look more attractive to them?” In this article, you will find information about the available options to sell your home that needs repairs. 

Price Your Home Right

You want to make sure that you do not undervalue or overprice your home. In order to be realistic about the price of your property, you need to find out the potential repair and remodeling costs and subtract them from the actual price of the property. You can also make some basic, minor fixes and then adjust the home’s price accordingly. 

Make Minor Repairs and Changes

In some cases, minor repairs may be enough. Even the smallest improvements can significantly increase the property’s price, which will help you sell it much faster. In order to make minor repairs, you need to prepare a list of all the things in your house that are broken or worn out.  The list may include the following things: leaky faucets, cracked tile, holes in the walls, and other things that make your home less attractive and may scare potential buyers away. 

Do a Thorough Cleaning

One of the easiest solutions is to clean your house thoroughly. The results of one study showed that deep cleaning a house can increase the home’s value by approximately 10%. When cleaning your home, give special attention to removing stains from carpets, washing curtains, and cleaning tubs and sinks. Do not forget about basic landscaping. This does not require hiring professional landscapers or changing the landscape design of your property. It may be enough to get rid of weeds and mow the lawn.  

Learn About Your Potential Buyer

You should understand and accept the fact that people buying old homes in need of repairs belong to a special category of buyers. For this reason, you need to know about your potential customer base to sell your home successfully. In most cases, people who buy homes that need work are flippers. They buy old homes, fix them, and then resell properties for a higher price. 

Some potential buyers are ready to purchase a property that needs work because they cannot afford a newer home in a better neighborhood. Therefore, they are ready to purchase an older home and then fix it themselves. 

Sell Your Home to a Cash Buyer

There are plenty of cash buyers or home investment companies that are ready to pick up an old home, even despite it needing expensive repairs. They purchase homes as a part of their investment strategy. They buy all types of properties, do it fast, and usually pay cash.

Terra Home Solutions is one of these companies. It is a family-owned business located in Houston, TX. Our mission is to find real estate solutions for our clients by using creative strategies. We buy homes fast and “as is” and in any condition. If you have any old property in Houston or any other surrounding town in Texas that needs repairs, and you want to sell it as quickly as possible, do not hesitate to contact Terra Home Solution. We will do our best to assist you and answer all of your questions.