Ready to sell a Dallas Fort Worth fixer-upper property? We’re here to help. If you’ve undertaken the never-ending chore of tackling a fixer-upper yourself or find that you’re burdened with a property that’s fallen into disrepair, it’s time to take action. We’ll cover 4 ways to sell a fixer-upper property.
Traditional Listing
It goes without saying that real estate agents will be taking a piece of the pie when they sell your property. You’ll want to keep this in mind when weighing the high costs for their services which will lower the your take-home profit when you sell a fixer-upper property. In general, buyers in Dallas Fort Worth that are searching traditional real estate listings with a realtor are seeking homes that are “move-in ready”. Savvy real estate agents have taken advantage of the advertising offered through the use of the internet and digital technology. There is an intense focus on curb appeal and interior staging, making these properties extremely attractive to potential buyers. Trying to compete against these listings with a fixer-upper property, which is usually less attractive, means that your property will not get the attention that it deserves, or may sell for a much lower price than the attractive properties.
Fix it Up
Do it yourself! HGTV has made it look easy to sell a fixer-upper property. There are many potential risks involved with a fixer-upper property. Depending on the amount of repairs or updates needed to bring the property up to standard, your costs may be much higher than expected. Especially if you’re trying to meet the demands buyers have of today’s homes. The reality is, unless you have an extensive construction background, failing to understand just what you are getting into with a fixer-upper property can be a very expensive lesson indeed. Unexpected discoveries, which you may have to pay to repair, can run into the thousands of dollars, especially foundation, plumbing, cooling, and heating systems. You’ll be losing valuable time dealing with the headaches of scheduling contractors, overseeing the project, and managing the red tape associated with city permits. It’s always a good idea to have a professional inspection completed before you start to tackle a major remodel. This can help you avoid any big-ticket surprises that you may not have been able to see on your own.
Sell on Your Own
Time waits for no one and while you’re trying to sell a fixer-upper property in Dallas Fort Worth, there are costs that you need to consider throughout the sales process. It can take a long time to sell a home, whether you choose to do so on your own or with a real estate agent, especially if you don’t have exactly what buyers are looking for. You will need to do your homework to bring your fixer-upper into focus for the today’s buyer. It’s extremely important to understand how to set the the right price – getting this wrong can deter buyers before they ever give your home a chance. You’ll need to cover marketing expenses and be readily available to show the property. It’s likely you’ll be working with buyers who may be inexperienced as well. Understand that because the purchase price of the property has already determined your possible profit, any delays or changes in plans can eat away your profits. Due to their lack of experience, the process can be very bumpy. Many buyers make an offer on the house without understanding everything they need to actually complete the purchase, which can lead to significant delays in closing. The bottom line is that your profits on a particular price will be falling every day as the buyers stumble along. Regrettably, many buyers end up backing out of deals. When you’ve moved forward with plans that are relying on the funds from the sale, an event like this can be devastating. Especially after you’ve spent considerable amounts of time and money to update the property, not to mention having missed out on other potential buyers.
Sell to Dallas' Best Home Buyers
We can relieve you of the stress and expenses of selling a fixer-upper property Dallas Fort Worth. We take all of the risks, buying as-is with a quick closing date. As experienced real estate investors, we understand every step involved with buying and selling a house in Dallas Fort Worth. We have access to financial resources that allow us to close much faster, and with less hassle, than a buyer who uses a traditional bank. Additionally, we spend a lot of time studying the trends that buyers want in today’s market, which is required to win at the fixer-upper game.
We’re dedicated to staying on top of the game! Dallas' Best Home Buyers is successful because we make it easy for our buyers and sellers! We’ll do all of the work and still make you a fair offer. Make a wise choice and start working with Dallas' Best Home Buyers. Send us a message or give us a call today to learn more! (972) 850-8655
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