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Do you own a distressed, damaged, or unlivable house that you want to sell? Learn more about how to sell your house with code violations in Philadelphia!
If you own a distressed or damaged property in Philadelphia, you can feel stuck or obligated to a property that isn’t doing anything for you. Maybe you think nobody would want to buy the property or that one day you will finally get all the repairs done to make the house habitable. However, there comes a point when you have to decide if the money you spend on your house with code violations is worth it. Owning an unoccupied home can be expensive, between house repairs, property taxes, vacancy costs, and other routine home maintenance. If this sounds like your situation, it’s essential to consider a different option for the property.
Find The Right Buyer
Selling the house will free you from the property and the stress that comes with it. But not every buyer is up for repairing your home with code violations in Philadelphia. You must find the right buyer who will pay you a fair price and is up for the challenge. This often means working with an investor who will see the property’s potential and be able 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 my house fast as is without sinking any more money into the property than you have to.
Set Your Expectations
When selling a damaged property, you must realize that it will not fetch the same prices as the houses you see for sale on the MLS. Work needs to be done, and someone has to foot the bill. Once again, by working with an experienced professional cash home buyer, you will be able to sell to someone who can fix it up at a more economical price, thus giving you the potential to receive a higher offer. Remember that you won’t spend money on commissions when working with a direct buyer. When working with a real estate agent in Pennsylvania, commissions can run about 6% of the sale price. You can keep thousands of dollars in your pocket without commissions or agent fees.
Not doing so can get you in some hot water down the road if something should go wrong. You need to be upfront about all you know concerning the property, even 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 quickly identify different issues with the property, ensuring you have reviewed the house from top to bottom.
Make It Look Nice
Even if a portion of the house needs significant 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 property’s positive features and use items to stage the home if necessary. The goal is to show people what the house can be once the repairs are made. Show them that there is more to the property than just the needed repairs. You can also spend some time in the yard. Great curb appeal will affect your potential buyer’s first impression, thus making them more likely to make an offer despite the needed repairs.
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 home. They will be able to fix it at an affordable price, creating a winning situation for all parties involved. If you want to sell your house with code violations in Philadelphia, look at all available options. You might be surprised how many people are looking for a property like yours!
Selling your house with code violations in Philadelphia may seem impossible, but it can be done. Knowing how to market the property, who to market it to, and what to expect will make the transaction quick and easy. Buying Property 215 specializes in helping Pennsylvania homeowners sell their properties with code violations or many other problems. We will love to discuss your options if you own a house needing significant repairs!