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 Huntsville AL!
If you own a damage or run down house in Huntsville, you can feel overwhelmed or unsure what to do with the property. Maybe you ever think nobody would wants to buy the property or that one day you will finally get all the repairs done to make the house live-able again. However, there always comes a point when you have to decide if the money you are spending on your house with code violations is worth it or not. Between the repairs, taxes, vacancy costs, and other routine maintenance, owning an unoccupied home can be very expensive and time consuming. If this sounds like your situation, you may want to look at other options for the property.
Find The Right Buyer
Now selling the house can free you from the property and the stress that came along with it. But not every home buyer is up for the challenge of repairing your house with code violations in Huntsville. You will need to find the right type of buyer who will pay you a fair price and who is up for the challenge of code violations. This often means working with an investor who will see the potential in the property and have the ability to fix it up at a more economical price than your average buyer would be able to. By selling in this manner, you will be able to sell quickly, without sinking any more money or time into the property than you already have.
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 or service fees either. Commissions can run about 6% of the sale price when working with a Huntsville real estate agent. Without commissions or agents fees, you will be able to keep thousands of dollars in your pocket.
Not doing so can get you in some very hot water down the road if something should go wrong. Trust me something always goes wrong in code violation houses. You need to be upfront about all you know in regards to the property, especially 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 ok 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 could look like when the repairs are made. Show them that there is more to property than just the needed repairs. You can also spend some time on the yard. Great curb appeal will always have an effect on your potential buyer’s first impression, thus making them more likely to make an offer despite the needed repairs. Remember first impressions are everything in selling your house.
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 beauty and potential of your house. They will be able to fix it up at an affordable price, creating a winning situation for all parties involved. A truly great company or person will always want everyone to benefit. If you want to sell your house with code violations in Huntsville, 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 Huntsville 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. The Aida Group specializes in helping Huntsville homeowners sell their properties with code violations or many other problems. If you own a house in need of major repairs, we would love to talk to you!