Selling a house in poor condition can certainly be stressful for home sellers. It is in many ways a delicate balance of getting your investment back and actually selling your home in a reasonable amount of time. According to the National Association of Realtors, the average home takes up to two months to sell. If you sell a home in poor condition, the time it takes to sell increases exponentially.
However, this doesn’t need to be the case. There are a number of home selling tips you can leverage in order to sell your poor condition, or as-is home fast. How do we know? We buy as-is homes and homes in poor condition daily. Let’s take a closer look at a few important tips to selling a house in poor condition.
Top 3 tips to selling a house in poor condition include:
- Sell your home to a professional and reputable iBuyer
- Understand your local real estate market better
- Think like a home buyer, not like a home seller
1. Sell your home to a professional and reputable iBuyer
You are probably wondering what an iBuyer is. This is a pretty normal question, since the iBuying process has really just started to make mainstream headlines. An iBuyer is a person or agency that purchases homes using a fast methodology.
DealHouse is an iBuyer on Long Island. We use a 3-step methodology to determine how much your home is worth, even if you’re selling a house in poor condition, or as-is. As a home seller, this is a very easy and simple process, because you only need to enter a few important details about your home online.
Once an iBuyer like DealHouse has the information, we make a competitive cash offer on your home within 24 hours. It is one of the most convenient ways to sell a home today. And you may be wondering about low-ball offers from an iBuyer.
Most offers are very competitive with your real estate market, especially when you take into account the repair costs, realtor commissions, and other home selling fees you don’t need to pay when using an iBuyer. It is truly fast and easy.
2. Understand your local real estate market better
It can be very difficult to swallow that your home is not worth as much as you think. After all, it is probably the biggest investment you’ve made in your life. Understanding your local real estate market can make selling a house in poor condition easier, because you may be pricing your home way too high.
For instance, homes for sale in Suffolk County, Long Island, New York are listed at around $530,000 on average. But this doesn’t necessarily mean that those homes are selling for that price. In fact, that average sale in Suffolk County, Long Island, New York is around $400,000.
If you are pricing your home to sell with the average asking price in your local real estate market, and it is in poor condition, you may never sell your home. By understanding the local real estate market, you can price it to sell.
3. Think like a home buyer, not like a home seller
This is an important tip when it comes to selling a house in poor condition. Not every home buyer is looking for a new home without any defects. In fact, many home buyers like a little character. This is where as-is homes, and homes in poor condition, can really capitalize.
But you will need to think like a home buyer, rather than a home seller. For example, you should research a bit more about what home buyers are really looking for. If your home is in poor condition, but all your appliances are new, the actual home condition may be overlooked a bit.
You can also do a bit of sprucing up on a tight budget. Yes, you definitely don’t want to do any major repairs or renovations, but a fresh coat of paint and new lighting fixtures could go a long way with home buyers.
Selling a house in poor condition doesn’t have to be stressful
The above top 3 tips to selling a house in poor condition are important, especially if your home has been listed for months with no interest. Stop playing the waiting game. You can learn a lot by understanding your local real estate market, helping you set reasonable asking price expectations. You can also think more like a home buyer to make your as-is, poor condition home more appealing.
However, if the least amount of stress is what you really want, going the iBuyer route is the best tip you can put into practice. And DealHouse can help. Check out what our past clients have said about us.
What makes us different? We are a reputable and professional group of home buying experts that know what selling a home really means. Within 24 hours you get a very competitive offer, and you even get to choose your closing date. This allows you to sell your home on your terms.
If you are selling a home in poor condition on Long Island, we’re here for you. Learn more here, and feel free to contact us with any questions today.