Selling a rundown property in Northern Kentucky can seem challenging, overwhelming, and stressful for homeowners. Should you make repairs? Should you take the time to fix it? Or should you try to sell your house as-is? Many homeowners in this situation don’t realize that there are actually many options available and the process can be simple, stress-free, and rewarding. Here are a few things you need to know about selling a rundown property in Northern Kentucky.
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It’s far easier on TV than in real life
Some homeowners are tempted to spend a fortune fixing up the house, hoping to get their money back when the property sells. But before you pull out that credit card, think about how much you have already spent on the home. Also, keep in mind that some repairs simply don’t offer an equal return. For example, spending money replacing a worn carpet may sound like a good idea, until you scare all of your buyers away with your green shag. In some cases, you may be leaving some things as-is, allowing your potential buyer to modify them according to their taste.
You’ll Need to Disclose Everything
Do not ever attempt to conceal problems that may affect the home’s value or the quality of living for your buyer. You will need to be upfront about any problems the home has or you may find yourself on the hook for damages. Depending on where the property is located, a few common things you may need to disclose include…
- The appearance of toxic chemicals or lead-based paint in the home
- A death or violent crime
- Any health hazards in or around the home
- Mold, water, or fire damage
- A list of needed repairs
- A summary of any neighborhood problems or nuisances
- Prior inspection reports
Not disclosing problems is a violation of the law, and puts you at risk of being sued for fraud or breach of contract. It will also put your home inspector on the spot as these are problems that should have been noted in their report. When selling a rundown property in Northern Kentucky, make sure you are telling your potential buyers everything you know about the property. It will help you avoid problems down the road and give you a clear conscience when you go to sleep at night.
You’ll Need to Find the Right Buyers
A rundown property isn’t going to appeal to everyone who is looking for a property on the MLS. It takes a special person to want to buy a house that needs work. Listing on the MLS isn’t always the best route as it is filled with pretty pictures of move-in-ready homes. A rundown home is likely to get overshadowed by the competition, meaning you’ll be on the hook for holding costs for a longer period of time. When marketing a rundown home for sale, you’ll need to appeal to those looking for a fixer-upper. LOCAL HONEST HOMEBUYER can help you do that via a listing or a direct sale. By finding the right buyers for your unwanted property in Northern Kentucky, you will be able to sell in less time and for more money.
There Are Options Other Than Listing
The most important thing you need to know is that you do not need to list your house on the MLS in order to sell it. In fact, there are ways that can be more beneficial to homeowners other than a traditional listing. LOCAL HONEST HOMEBUYER helps our clients by offering listing services and assisting if they would prefer a direct sale. A direct sale is simple…
- First, we will discuss your property, letting you know a ballpark price
- Then we will make an appointment to view the home in person
- From there we will put together a formal offer, without any hidden costs or fees
- Finally, we will facilitate the property closing on the day of your choice – you won’t have to wait for your money, nor is there any pressure on you to move out right away
Dealing with a rundown property is stressful enough. Our goal is to help you evaluate your options so that you can sell your house in the best way possible. There are many ways to sell a property in Northern Kentucky. LOCAL HONEST HOMEBUYER not only provides traditional listing services to our clients, but we also offer ways to sell directly. Our creative solutions will help you sell any rundown property while experiencing a straightforward and stress-free home-selling process.
Do you need to sell a rundown house in Northern Kentucky? If so, LOCAL HONEST HOMEBUYER can help. We offer many ways to help Northern Kentucky homeowners sell their unwanted property. Give us a call today to learn more about us and the creative solutions we can offer homeowners. We are happy to answer any questions you have about selling a rundown property in Northern Kentucky! 859-549-4700