Do you need to sell a house that needs work? You don’t have to feel stuck or fearful of all the impending expenses! We have put together some great tips to help you sell your Edmonton home… even if it needs some work!
Many people hang on to a home that needs renovations because they don’t have the patience, monety or time to restore it to its former glory. This inevitably costs even more money in the long term, not to mention the sleepless nights and stress that come from owning a run-down home.
But take heart as there are many potential buyers out there who are interested in buying your Edmonton property for a great price. And the BEST PART is that you will be freed from the the burden of making those costly and timely repairs. Keep in mind that selling this way is a bit different. But by using our recommendations, we feel we can help you sell your Edmonton house quickly and for a great price!
How to Sell a House That Needs Work in Edmonton
Fix What You Can
There are several things that can be repaired relatively inexpensively while still making a strong impact. The best value for your renovation dollar, a fresh coat of paint, can go a loooooong way. And even repairing any holes or gouges in the walls, cleaning the carpets and adding new fixtures are all great ways to fix up the tired property without breaking the bank. We also recommend repairing the roof and cleaning up the yard. Curb appeal has a major impact on a potential buyers perception of the home. If their initial impression is of a neat and tidy yard, they will have a more positive mindset of your place when viewing the rest of your home!
Get Your House in Front of Serious Cash Buyers & Investors
You can do accomplish this by networking in investment and real estate groups. Get the word out about your Edmonton home and help others to see the potential value. Calculate the numbers yourself and let people gauge for themselves what it will cost to repair vs. the value of the home when it is complete. The ability to communicate the value of your home to any potential buyers is very important when selling a fixer-upper.
Emphasize What’s Right
Even if the house has areas that require major improvements, there is bound to be something about it that is appealing! Perhaps your house is in a convenient location or features an amazing set of custom, built-in cabinets. Focus on the positive and the potential of the property once it has been fixed.
While you want to play up the amazing features you also need to be 100% honest about what is wrong with the house. By disclosing everything you know, you can address it head-on as opposed to waiting until after the inspection is completed. You don’t want to set yourself up for a lawsuit by concealing a potentially deal-breaking material defect about the property. And, oh yes, remember it’s the right thing to do.
Call For Offers and Wait
One strategy many people use is to call for offers and wait. Broadcast far and wide that you are widely advertising the property, and you will be taking any and all offers into consideration. Set a specific date as to when an offer will be accepted. The idea is to create a sense of urgency and potentially pit multiple investors against one another in a battle to purchase your home. While that may sound a tad manipulative to you, it can be an effective way to boost the sale price of your Edmonton home.
Help People Use Their Imagination
No matter what shape the property is in, you can do some things to set the mood. Is it a nice day? Make sure the windows are open to let the breeze come through. Stage the home to the best of your ability and clean up as much as possible. You can even find free interior design or room planning software to show what the potential of the room with a few renovations. Help your potential buyers see what could be!
Do you own a fixer-upper property you need to sell in Edmonton? SUNRISE HOME BUYERS is looking to buy homes fast for a fair price! We can buy your house “As-Is” and close on the date of your choice. Send us a message or give our team a call today! (587) 982-7576
“…the assistance through the process was transparent and easy to understand.”
I purchased a property from Gert at Sunrise Home Buyers.
He helped to navigate organizing with the owner and current tenants how everything would work time line wise so that everyone could be happy.
Their knowledge of these acquisitions is very extensive, the assistance through the process was transparent and easy to understand.
I highly recommend Sunrise Home Buyers to anyone who is looking to sell their home. You access a wide network of qualified buyers including myself by dealing with these professionals that you likely would not find going to the open market with your home.
Michael Fekete, Homebuilder