Do you own a run-down, damaged, or unlivable house that you want to sell? Learn more about how to sell your house with code violations in Phoenix!
If you own a run-down or damaged property in Phoenix, you can feel stuck or obligated to a property that isn’t doing anything for you. Maybe you think nobody would want to buy the property as-is or that one day you will finally get all the repairs done. However, there comes a point when you have to decide if the money you are spending on your house with code violations is worth it. Between the repairs, taxes, vacancy costs, and other routine maintenance, owning an unoccupied home can be very expensive. If this sounds like your situation, it’s important to seriously consider a different option for the property.
Find The Right Buyer
Selling the house will free you from the property and the stress that comes along with it. But not every buyer is up for the challenge of repairing your house with code violations in Phoenix. You will need to find the appropriate buyer who is willing to pay you a fair price and who is up for the challenge. This often means working with an investor who will see the potential in the property and have the ability to perform renovations and repairs at a more economical price than the average buyer would be able to. By selling in this manner, you will be able to sell quickly, without sinking any more money into the property than you have to.
Set Your Expectations
When selling a damaged property you have to realize that it is not going to fetch the same prices as the houses you see for sale on the MLS. There is work that needs to be done, and someone has to foot the bill. Once again, by working with an experienced professional buyer, you will be able to sell to someone who is able to fix it up at a more economical price, thus giving you the potential to receive a higher offer. Keep in mind that when you work with a direct buyer, you won’t be spending money on commissions either. Commissions can cost you thousands when working with a Phoenix real estate agent. Without commissions or agents fees, you will be able to keep thousands of dollars in your pocket.
Disclose Everything
Not doing so can get you in some major legal trouble down the road if something should go wrong. You need to be upfront about everything you know in regards to the property, even if the damages cannot be seen. If you fail to disclose something that becomes a problem in the future, you could find yourself paying for even more repairs or having to deal with lawsuits or court battles. It is never permissible to hide damages or problems with a property, either ethically or legally. If necessary, create a checklist so you can easily identify different problems with the property, ensuring you have reviewed the house from top to bottom.
Make It Look Nice
Even if there is a portion of the house that needs major repairs that you aren’t prepared to deal with, you can still make the rest of the house look as appealing as possible. Highlight the positive features of the property and use items to stage the house if necessary. The goal is to show people what the house truly can be once the repairs are made. Show them that there is an incredible amount of potential. You can also spend some time to make the yard look nice. Great curb appeal will greatly affect your potential buyer’s first impression, thus making them more likely to make an offer despite the needed repairs.
Don’t Sell Yourself Short
Just because the house is old, ugly, or run-down doesn’t mean you have to give it away. The right buyer will see the potential of your house. They will be able to do repairs and renovations at an affordable price, creating a winning situation for all parties involved. If you want to sell your house with code violations in Phoenix, take a look at all of the options available to you. You might be surprised at how many people are looking for a property just like yours!
Selling your house with code violations in Phoenix may seem impossible, but it can, in fact, be done. Knowing how to market the property, who to market it to, and what to expect will make the transaction a quick and easy one. Valley Home Buyer specializes in helping Phoenix homeowners sell their properties with code violations, unfinished renovations, or many other problems. If you have a property in need of major repairs, we would love to talk to you!