So, your house is in bad condition, which means it needs improvements beyond cosmetic fixes and minor updates. Perhaps it’s also situated in a poor location. You’ve got what experts in the real estate call a lemon. Selling a House in Bad Condition can be challenging!
Selling a house in Christchurch is not exactly an easy walk in the park. It can be even harder for someone with a house in bad condition. But that doesn’t mean it’s impossible. In fact, here are some handy tips poised to help make selling a house Auckland in bad condition easier.
Start by Estimating the Current Market State
Even if you have a lemon, it’s crucial to know what other houses in your market are going for. Check out news headlines; go through real estate market research, and large real estate websites to get a tip on how buyers perceive the current market. This step will help you price your house right.
Your market analysis should tell you what properties in your neighborhood are selling for how much. Is it a buyer or seller market? Real estate agents in the area can be a good resource too.
Check out the Condition of Similar Houses for sale in your Area
When selling a house in Auckland, your home is competing with nearby properties presently listed on the market. They are your competition. To get the price right, you need to evaluate the condition of these nearby houses. A simple search online can help you zero in on similar properties for sales in your area.
What’s their condition? How do they look in terms of the condition of the interiors, curb appeal, and age? How do they compare to the condition of your house?
Consider the Location
The general selling point in real estate is the location. It’s true when you’re selling a house in Christchurch. Even if the condition of the house is pathetic, you can still get a better price for a prime location.
Be Smart about Upgrades and Renovations
Perhaps you don’t have the time, money or patience to carry out massive updates to your properties. That’s why you need to be smart about any renovations. Conduct a realistic cost-benefit analysis.
Ultimately, you will only have to get the easy repairs and upgrades done. They shouldn’t be expensive. For instance, you can paint the front porch instead of renovating the whole kitchen or bathroom. Even worse, you don’t want to replace the whole roofing.
Even small repairs can add up pretty quickly. Unfortunately, for a house in bad condition, you may not recoup the money you used for renovation. That being said, the best course of action is to sell your house as-is which means selling a house Christchurch in its current state without any cosmetic repair or minor updates.
Even still, you need to target the right buyers. When it comes to as-is house sale in Auckland or Christchurch, there are three main buyers you should focus on:
1) Private Real Estate Investors
Private Real Estate investors are always ready to purchase a house in whatever condition. They don’t require any fixes to be done. If the independent investor is reliable, you can expect to sell to close faster and get a great deal for the condition of your house.
These are investors who buy lemons low, renovate, and then sell them later at a higher price. As a seller, this is a good opportunity to sell to someone who has dealt with numerous houses in bad condition.
3) Cash Buyers
This is perhaps the best buyer you can target. In most cases, these buyers pay cash for your house, which is far more convenient and quicker. The deal can close in a few days after you’ve accepted the buyer’s cash offer.
As you can see, cash buyers are the Holy Grail if you want to get top dollar when selling a house Auckland in bad condition. It’s the most straightforward and the easiest way to sell your property quickly! If you’re looking for a trustworthy and reliable cash buyer for your house, look no further than WeBuyProperty.co.nz We buy your house as is where is, and we pay cash fast!