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Sell my house quickly: house in need of renovation

Posted in Get full market price, How to sell my house quick, Sell quickly for cash | 0 comments

Need to sell my house quicklysell-my-house-need-renovation

Home owners are looking for solution how to sell my house quickly despite a positive house prices movement. Every owner situation is different and there are multiple personal and financial factors influencing seller’s position. In an earlier post there were covered 3 top reasons when I need to sell my house quickly: house in need of renovation, house in negative equity or no equity, owner can’t pay the mortgage or debts. Let’s look at the first situation when you think I need to sell my house quickly, but the house is in need of renovation.

Landlord vs Private owner

If you are selling a house – you are either a landlord or a private owner. Is there any difference between a landlord or a private owner when it comes to sell my house in need of renovation?

Landlord selling a house

After a landlord has been renting a property for a while, the house gets run down and requires a renovation. If landlord decided to sell the house, then he needs to decide if to renovate the house or not. On one hand, if he invests into refurbishment, he can sell the house for more money, on the other hand to sell a house in a current condition without any extra work is a lot less hassle.  It’s a personal choice, but usually landlord just wants to sell my house quickly for cash.

Selling your own home

If a home owner has been living in the house, then normally the house would be kept in a good condition.  However sometimes home owner can’t afford or can’t be bothered to maintain the house, in which case a renovation would be needed. In most cases a home owner doesn’t want to get involved with any improvements and wants to sell my house quickly and move on.

It both cases people can’t afford or don’t want to invest time and money in renovation and need to sell my house quickly.

Sell my house quickly. Cash offer or full market price?

A house in need of renovation won’t appeal to all of the buyers. If buyers looking for a family home and have no building skills, they won’t be interested, they will choose a house where there is nothing or little to do. A house in need of renovation is definitely an investor buy, as investor can afford a refurbishment of a property and then keep the property or re-sell it.

The most common option is to sell my house quickly for cash. You can get cash quickly and move on, but you will have to drop the price usually by 20-30%. This will work if there is a lot of equity in the house and you can afford to drop the price. However if you need to sell your house in negative equity, then you will need a different solution.

You might decide try to sell my house quickly at the auction, however that will also require time and will need to pay auction fees and if you are not an expert, you might not get what you want.

Another option is sell my house quickly for the full market price (or more ) if you are prepared to receive your cash over period of time.

If you need to sell my house in need of renovation and you are not sure which way to go, then we can help you to consider different options and buy your house in a way which suit you the most.

“We believe there is a solution to any property problem.”

To your happiness

Dasha