Selling A House That Needs Work In Knoxville TN
Selling a distressed house can prove to be a challenge for many homeowners. We buy houses In Knoxville TN frequently that needs several repairs, so we have loads of guidance to assistance homeowner. When you are new to selling distressed property, it can be really stressful! How do you market the property? Do you sell the house to a cash buyer? Do I reach out to local Knoxville home buyers? How do you price the house? Do you sale the house as-is? Should I list the house on the MLS? These are questions that will run through your mind as you get ready to sell your house. This article will focus on giving you the appropriate guidance to sell your house fast in Knoxville, TN, even if it is distressed!
How To Sell A Distressed House
Learn The Value Of Your Property
The best way to make sure you get a fair offer on your property, you need to do your research on what your home is worth. You should pull a list of homes that have sold in the last six months in your area. Filter the list down to homes in similar size, builds, and year built. This will be an excellent starting point for valuating your home. Next, consider what the condition of the homes were in. If a home that is similar to yours in build, but was completely remodeled sold for $150,000; your home may be worth that much if it was remodeled. Factor in the cost it would take to get your property in that condition and remove that from the value. If this seems overwhelming, consider hiring a professional appraiser to help you value your home.
Learn About Your Potential Buyers
Homes that need several repairs are ideal homes for investors and first time home buyers that are wanting to take on a project. The best part about selling to a local investor is they are typically cash home buyers. These people operate businesses by improving distressed properties in order to flip or rent out. Cash buyers will buy your house as is in most cases, meaning you won’t have to do any repairs to the property prior to selling.
Get A Property Inspection
Hiring a qualified property inspector will help you gather information about all of the repairs the home will need. In addition, this will help you to better understand the total cost that your future buyer will be undergoing to renovate the house. Since this is a house that is not in move in condition, you can factor this into the value of the house.
Sell The House Yourself Or Hire A Realtor
A realtor will post your house on the MLS which will open up a host of possibilities about what type of buyer you may get. Unfortunately, this means you will have several “tire kickers” view your house. Agents also request you sign a 6 month contract and pay them a commission fee. When you sign a contract, you lose the power to sell on your terms to a point. Of course you don’t have to accept any offer they bring, but you will be under some restrictions. Consider trying to sell the house yourself first. Whether you list the house on any social media channels, reach out to professional home buyers, or any other form of advertising; selling the house yourself will save you thousands in commissions.
Sell Your Distressed House Fast In Knoxville TN
If you would like to receive a fair cash offer on your house, we buy houses in cash! Skip the long process of dealing with agents, tire kickers, and all the people who will waste your time. We are legitimate cash home buyers in Knoxville TN. Unlike the traditional way, we are not here to waste your time. We are here to give you the most stress free home sell possible. We specialize in buying distressed property all over Knoxville. If you want to sell your house for cash, check out our additional pages below to learn more about us and our process, or simply fill out the form to get started today!
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