If you look at the word ‘distressed’ you can’t miss the majority of that word being. ‘Stressed!’ And when we hear from distressed owners, that is exactly what they categorize themselves as. Stressed. Once you add trying to sell your home to this equation it can get out of control and hard to plan with everything else going on in your life. One way to ease that stress is by reading this article. Following these 5 tips for selling a distressed property in Georgetown can help to reduce that burden. Let’s get started!
Tip#1: Avoid Costly Realtors
If you decide to go the route to list your home on the multiple listing service with a realtor you will be subject to higher fees often with poor results. The time, energy, and money it will take to make your house market ready can be a daunting task, especially for a home that you want to sell. By selling directly to a professional home buyer like ACF Development Group, you can have your house sold for cash as it currently sits right now! There are no long listing periods or expensive commissions due, just a cash offer for your home that can close when and where you want.
Tip#2: The Perfect Buyer for Your House
The secret is out, there is a long list of people who make a living purchasing distressed homes. Find out exactly where these people are and start a conversation, it will be worth your time no matter what route you choose. Investors and independent buyers are looking for homes just like yours so join some of these local online groups and call some local investors. It’s always better to pursue your ideal buyer rather than hope the right one happens to find you.
Tip#3: Understand and Exercise Patience
Patience is a virtue when trying to sell your distressed property. Buyers looking for a fixer-upper home are fewer than those looking to buy a move-in ready home so it can take some important time to come across that right buyer. If time is a factor, don’t forget about Tip#2 and reaching out directly to people and companies who are designed to buy distressed homes. When you do, make sure that it is the right buyer for your specific needs and they offer a reasonable price that is agreeable to you. Most importantly, see if they can close on a timeframe that supports your needs. Cash home buyers like ACF Development Group will do just that.
Tip#4: Understand the Value of your House
If you set your asking price of your distressed property on the prices of homes in your surrounding area throughout Georgetown, you might be in for a surprise. Be honest with yourself about the condition of your home. Once you add in the cost of repairs and updates it needs, the value of the home will be less than you anticipated. Be flexible and think about backup plans.
Tip#5: Don’t be in a rush to Sell
When you determine and the price for your home. Potential buyers will see that price and offer you less. This is extremely common. The more desperate you come across, the less they will offer. When you set a realistic price for your home, stand firm on this price. If that price isn’t met, keep showing it as long as you are able to. At ACF Development Group, we will delivery a fair price that takes you and your needs into consideration. Whether you are selling a distressed property in Georgetown or a turnkey ready home that you need to sell fast, we can help.
Selling a distressed property in Georgetown, TX?
We’re here to help!
If you are ready to quickly sell your home in Georgetown, click the button below or give us a call today at (512) 688-6843 for even more information. It’s our mission to make your home selling experience fast and easy!
Selling your home in Central Texas?
We’re here to help!
If you are ready to quickly sell your house in the Austin Metro Area, click the below button or give us a call or text today at (512) 883-0687 for even more information. It’s our mission to make your home selling experience fast and easy!
1. Improve Your Curb Appeal
First impression matters and the first thing a buyer will see during viewing is the exterior of your property. If your prospective buyer doesn’t like your exterior, they may not even proceed to view the interior. You should make your curb appeal welcoming and beautiful than your neighbors’ to add more value to your home.
Improving your curb appeal is a simple, cheap, and best way to increase the value of your home during COIVD-19. A tactical curb appeal improvement should give you a return rate of up to 160%.
Good thing, you can do most of the work on your own. You’ll need to paint your front door, clean your gutters, and power-wash the sidings. You should also trim the hedges, clear any weeds, and plant some flowers. The idea is to make the exterior look clean and appealing.
2. Deep Clean
Cleaning your home thoroughly before a showing is one step to improve its value. Do a deep clean by thoroughly cleaning the carpets, wiping the surfaces, scrubbing the bathrooms, mopping floors, and cleaning cabinet doors. Ensure there are no foul smells or dirty surfaces that can be a turn off to buyers.
For best results, hire a cleaning company to carry out deep cleaning. While this comes at a cost, the benefits are worth it. Cleaning professionals will leave no stone unturned. The result is a sparkling home with increased selling value.
3. Home Investments
On average, a completely renovated kitchen will give you an ROI of 75%. This, however, is a venture for homeowners with a huge budget. If you’re faced with a tough financialsituation due to the COVID-19, you can renovate only a few parts of your kitchen. Give priority to projects with the most damages, while projects with the highest return on investment should come next. This includes replacing worn-out kitchen appliances and adding backsplashes instead of replacing the countertops.
Other cheap home repairs with a high return rate to concentrate on include a minor bathroom remodel, replacing windows, deck addition, among others. Just concentrate on the improvements you can afford.
4. Minor Repairs
Repairs as minor as removing dents, scratches, and squeaks can boost the value of your home immensely. Small noticeable repairsb like refinishing hardwood floors, changing locks, and touching up door frames also attract buyers.
5. Research on the Best Way to Sell
Distressed property always attracts low value. It is desirable to look at your financial situation, especially with the current hit on the economy due to COVID-19. If you have a problem paying a mortgage and you want to sell your property, you must find the best market.
Do thorough research before listing. You don’t want to list your home for months without selling. You are better off selling the property to an investor for fast closing. This will fetch you more money for your property instead of waiting to sell it later below the market value.
Get More Value for your Home
The COVID-19 pandemic has affected real estate just as the other sectors. The economic situation has left the price for houses looking bleak, by implementing the 5 inexpensive ways above, you’ll be able to increase the value of your home.
We can also cushion you from the economic effects of COVID-19. Sell your home to us today, and we will give you the best rate for your home.