You might think that selling a distressed property will be difficult and time-consuming. In some cases, it is! However, with our top 10 expert tips for selling a distressed property, you will be able to sell quickly and for a fair price.
Tip #1: Avoid Costly Real Estate Agents
Selling your distressed property to a professional buyer such as CT Cash Homes, will save you time and money. Listing your Connecticut house can be expensive, and you will have no idea when it will sell. By selling it directly, you will be able to have your closing date of your choice and avoid the expensive commissions a real estate agent will charge you.
Tip #2: Spruce It Up
If your property needs major repairs or if it is going into foreclosure, you will likely want to sell it quickly. Taking some small steps to make it visually appealing will help buyers see it in a more positive way. Clean up as much as possible and make any cosmetic fixes you can. Try to showcase the property’s potential to help people see beyond its flaws.
Tip #3: Disclose Everything
No matter what is wrong with the property, you need to be honest about it. By not letting people know about property defects, you could be setting yourself for a lawsuit down the road. Take the ethical approach. Buyers will appreciate your frankness
Tip #4: Locate The Correct Buyer
Think about the people who are actively looking for distressed properties. Market to investors and other buyers whom you think would have an interest in your house. It can help to join some local real estate or investment groups in your area.
Tip #5: Be Patient
There is not as large of a market for distressed properties as there is for move in ready homes. It might take a while to find a buyer. This can be frustrating when trying to sell within a specific timeframe. If time is an issue, your best bet will likely be selling it directly to an investor like CT Cash Homes.
Tip #6: Be Flexible
It is important to have an alternative plan just in case you are not able to sell the property. Consider renting it out if you can or applying for a loan to help you with repairs. It is important to think about the alternatives so that you don’t find yourself foreclosed on.
Tip #7: Learn The Value Of Your Home
You might think your house is worth a certain amount, but once you factor in the necessary repairs and upgrade it requires, the actual value of your property today might be much less than you had originally thought. Be realistic about what your house is worth in the condition it is in. Do not expect to get retail prices for a house that needs repairs.
Tip #8: Paperwork Done Right
If you choose to sell the house on your own, you will be responsible for taking care of all the paperwork. You will need to provide disclosure documents and the purchase sale agreement. Everything must be legal and meet the State of CT Regulations to protect yourself. If you choose to sell CT Cash Homes then we will handle all the paperwork, so you will have one less thing to worry about.
Tip #9: Don’t Appear Desperate To Sell
People are going to try to come at you with low-ball offers. If you can, stand firm until you are able to get a fair and realistic offer on your house. You do not have to jump at the first offer unless this is your only choice. CT Cash Homes always pay fair prices for houses, distressed or not.
Tip #10: Skip All The Stress – Sell to CT Cash Homes
We here at CT Cash Homes are different than any other buyers. After you contact us and give us the property information, we will make you a fair, all-cash offer within 48-hours, and that is not even the best part. We never tell you when to close. YOU get to choose. If you are looking to close quickly, we can wrap up the deal and get you the cash in as little as 7 days. To get started, you just need to give us a bit of information about your house and the situation that you are in. To contact us, simply fill out the form on this page, or give us a call at (860) 249-0950 for a faster response. It is our goal to make your life easier by getting you out from under the property that is causing you problems and stressing you out. We can do this by paying a fair and honest price for your house quickly
About CT Cash Homes
Have you been researching how to sell my house fast in your local area? You have come to right place! CT Cash Homes is local and we buy homes for cash! We are a Real Estate Solutions company based in South Windsor CT. We are a third generation family owned business. Our focus is helping homeowners who are having problems with foreclosure, divorce, probate or who just need to sell their home quickly for any reason. CT Cash Homes works with you to provide a solution to your problem.