After much thoughts and pondering, you made the difficult decision to sell your house until you are held back by the damages to the property. If you found yourself back to square one of selling your house just because you cannot afford to make repairs before selling, let me show you 5 proven and successful tips for selling your house with damage in Atlanta.
Tip #1: Include As-Is in Your Listing
Including the term “As-Is” in your listing is one way to sell your house in Atlanta. Doing so signifies that a seller is not willing to make repairs or renovations to the property before the sale. And a lot of buyers will accept and understand this fact. However, you must take into consideration that adding “As-Is” in your listing and MLS description will also reflect that there is likely something wrong with your property and may scare away retail buyers, especially since you are not willing to fix the damages or do updates. Fortunately, you do not need worry as there are investors and cash-buyers with large enough portfolios who may not mind As-Is listings or even prefer these listings.
Tip #2: Inspect and Disclose Everything to the Buyers!
The second tip for selling your house with damage in Atlanta is to conduct an inspection of your property and make sure to disclose any known damage to potential buyers. The inspection and disclosures of your property to be available on your listing will tremendously help the buyers determine how severe the damages are. Awareness of such will help the buyers decide if they are willing to repair it if they buy it, saving both parties a lot of time.
It is always for the better that properties being in a very severe and bad condition are disclosed to the buyer firsthand for it is less expensive to have the structure demolished and build a new structure to the buyer’s preference. In some cases, sellers should not be discouraged despite the damages of the house since the location of the property in Atlanta can compensate for the loss profit brought by damages.
Tip #3: Visually Spruce it Up
Another tip for selling your house with damage in Atlanta is to visually spruce it up. The damage might not seem so overwhelming if the rest of the property is taken care of. This may include a fresh coat of paint, a few new flowers in the flower bed, or just simply pressure washing the property. This will help make the property look more promising and more ready to be occupied. Keep in mind the repairs that will need to be made so you don’t waste your money improving the look of an area that will just be destroyed during repairs anyway.
Tip #4: Entertain “low-ball” offers
Yes, you read it right. A useful tip for selling your house with damage in Atlanta is to entertain “low-ball” offers. Entertaining “low-ball” offers cannot be avoided as you have added As-Is to your listing, disclosed all known damages, and visually spruced up your property. But “low-ball” offers are not always bad considering the damages you need to repair and the time you can save from letting the house just sit on the market while you continue to pay taxes, mortgages, and utilities. With damage, you will probably not receive offers near the average market value, so you may have to sell at a lower amount than you maybe would prefer. That is simply the reality.
Tip #5: Sell Directly to a Home Buyer
Most of these buyers are in search of any property they can get their hands on and are willing to purchase them with damage. Most of these home buyers will also make you cash offers with short closing time frames. This would be the ideal buyer to go with because you do not have to work with a real estate professional, you probably won’t have to deal with showings or order inspections or do any improvements at all to your property. You will also have to be prepared to receive a lower than market value offer from these buyers since they are willing to put in all of the work and may also pay for your closing costs!
This final tip is one of the easiest and the most effective for you to sell your house with damage in Atlanta. To successfully sell your house, you should sell directly to a professional home buyer. These home buyers willingly make you cash offers within shorter closing time frames. This would be your ideal move because of the following reasons:
You do not have to work with a real estate professional which means you do not have to pay realtor commissions.
You won’t have to deal with multiple showings or order inspections.
You don’t have to spend any more money on repairs to the property.
- You will not be wasting time just letting your sit on the market and continuously pay utilities, fees, taxes, and mortgage.
To discuss these and other tips for selling your house with damage in Atlanta, give SureClosing a call at 678-399-9075 or send us a message now!