Introduction
So, you’ve decided to sell your house. Congratulations! That’s a huge step. But the next step can be even bigger: finding the right buyer. Your first instinct might be to list on the Multiple Listing Service (MLS). After all, if hundreds of agents are looking at your property and sharing their thoughts with other agents, they must have some pretty good ideas about what it’ll take to sell it, right? Well… maybe not. As an agent who sells homes for a living, I’m constantly amazed by what works for people on both sides of this transaction—and what doesn’t work nearly as often as we’d like it. Here is something to consider when deciding to sell 4 Things You Need to Know About Selling A Rundown Property in Richmond?
A rundown property isn’t going to appeal to everyone
You’ll need to find the right buyers. A rundown property isn’t going to appeal to everyone, first time home buyers does not have the money or foresight to take on the challenge, no matter how good of a deal it seems to be. You’ll Need to Find the Right Buyers. If you are thinking about fixing up the property, also keep in mind You May Not See a Return on Your Repairs.
Listing on the MLS isn’t always the best route
Listing on the MLS isn’t always the best route. One negative is that You’ll Need to Disclose Everything.
Start by listing your home on the MLS, which is a good place to start. However, you should also consider other options that might be better for your specific situation. The MLS is not always going to be ideal for every buyer and seller out there, but it does have its advantages–and many people use it as their primary source of finding homes they want to buy or sell with little thought given to other options available in their area.
Selling the property “as is” lessens liabilities and headaches
As a seller, you may be tempted to fix up the property and make it look great. But remember that once you sell your home, any repairs or improvements will be left in the hands of the new owner. If they want to do something with their new purchase that requires extensive work–like ripping out carpeting or repairing drywall–you won’t be able to hold them responsible if there’s an issue and they can’t get their money back out of this investment.
As such, selling “as is” lessens liabilities and headaches: You won’t have to deal with fixing anything after closing; plus, there’s no risk involved if something goes wrong later on down in the line (like finding out there were structural issues under all those layers).
You’ll need to find the right buyers
You’ll need to find the right buyers for your unwanted property in Richmond.
- Appeal to those who are looking for a fixer-upper. Sellers should consider pricing their home below market value and make it clear that they are selling “as is.” This will lessen liabilities and headaches down the road, as well as give you more room to negotiate with potential buyers.
Conclusion
If you’re looking to sell your home, it’s important to know the right buyers. You may not be able to afford a full renovation on your own or get approved for a loan, but there are still options available. Listing on the MLS isn’t always the best route, selling the property “as is” lessens liabilities and headaches while also allowing buyers more flexibility in how they want their new home to look like after purchase. RVA Home Buyers can help if you are thinking that you want to “Sell My House Fast in Richmond.”
Call us at (804) 420-8515
