As local homebuyers in Knoxville, we experience many homes that need a lot of repairs done. In many cases, life circumstances, such as divorce, the loss of a loved one, financial struggles, job change, or just simply finding a better home leave many homeowners willing to walk away from their homes without hesitation. In many cases, sellers need to move fast, and sticking around for repairs on their current house just isn’t going to cut it. In other cases, a homeowner could potentially want to repair the home, but they simply don’t have the funds to cover it.
Selling A House That Needs Work
Consider Selling Your House As-Is
You may sell your Knoxville home without spending a dime on renovations by selling it in “as is” condition. This can be accomplished either by selling direct to a local cash homebuyer in Knoxville, by FSBO, or by an agent. If a property is being sold as-is, purchasers know that they will generally spend less money upfront, but put more effort into the property in order to get a cheaper price. While you can make this claim and display the property in this condition, purchasers may still request an inspection. Additionally, even if you weren’t aware of any difficulties that may arise after the house has been sold, you are still at danger of being held liable.
Consider A Renovation Loan
If you are wanting to repair the home prior to selling, consider utilizing a renovation loan. This is relatively uncommon, as most sellers simply want to move on, but the option is still there. Many lenders have special loan programs for homeowners that can be used to renovate your home. Most programs require that you hire licensed and experienced contractors, though. So that is something to keep in mind if you are wanting to do the work yourself.
Make Your Home Price Competitive
You might sell your home for less money by lowering the price somewhat compared to comparable houses in the area.
Sellers often provide opportunities for negotiation in their counteroffers. When it comes to today’s fast-paced market and sophisticated internet customers, or ibuyers, you’re best off avoiding pricing games. Increase the number of potential purchasers immediately by starting with your true asking price. If you price your home just slightly below market value, the interest in your property will sky rocket.
Prepare for Showings
Even while it might be exhausting and time-consuming to regularly prepare your property for a parade of showings, it is worth it in the long term. Another certain approach to sell your home without putting any more money into it is to be highly flexible about showing times. At any given point, you may expose your house to potential buyers, giving you an advantage over other listings on the market.
Quick Tip: Selling directly to a cash home buying company (like us) will eliminate the need for showings. You will only have one showing (with us) and no need for any additional ones!
We Buy Houses Regardless Of The Condition!
You can eliminate the uncertainty by selling your house as-is to us! Since we buy houses in cash, we eliminate the need for banks, appraisers, and booked up inspectors (we do inspections ourselves)! This allows us to work on your time table and give you a fair price upfront. We never negotiate. We offer you our best price the first time, every time. We are also local, meaning you will work directly with us face-to-face instead of over the phone. As a reputable homebuyer in Knoxville, we really do provide the “no-brainer” way for homeowners to sell their “scruffy” houses completely stress free! Whether your home needs a few cosmetics or a complete over-haul, we would absolutely love to buy it from you.
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