Selling a rundown property in San Diego can seem challenging, overwhelming, and stressful for homeowners. Should you make repairs? Should you take the time to fix it up? Or should you try to sell your house as-is? Many homeowners don’t understand that they really have quite a few options and the selling and moving process can actually be stress-free and rewarding. Here are a few things you need to know about selling a rundown property in San Diego.
You May Not See a Return on Your Repairs
Some homeowners are tempted to spend a fortune fixing up the house, hoping to get their money back when the property sells. But before you pull out that credit card, think about how much you have already spent on the home. Also, keep in mind that some repairs simply don’t offer an equal return. For example, spending money replacing a worn carpet may sound like a good idea, until you scare all of your buyers away with your green shag. In some cases, you may be leaving some things as-is, allowing your potential buyer to modify them according to their taste. Remember though, if you are not a qualified home renovator or designer, choices you think are fine to make to update a home, may not appeal to the general public.
You’ll Need to Disclose Everything
Don’t ever try to hide problems that may affect the value of your home. You will need to be upfront about any problems the home has or you may find yourself on the hook for damages. Depending on where the property is located, below is a list of a few common things you may need to disclose:
- The appearance of toxic chemicals or lead based paint in the home
- A death or violent crime
- Any health hazards in or around the home
- Mold, water or fire damage
- A list of needed repairs
- A summary of any neighborhood problems or nuisances
- Prior inspection reports
Not disclosing problems is a violation of the law, and puts you at risk of being sued for fraud or breach of contract. If you don’t disclose these problems, it will put your inspector in a tricky position. When selling a rundown property in San Diego, make sure you are telling your potential buyers everything you know about the property. It will help you avoid problems down the road and give you a clear conscience when you go to sleep at night.
Find the Right Buyers is Key
Finding the right buyers is extremely important. A distressed or rundown property doesn’t usually attract many buyers on the MLS. It takes a special person to want to buy a house that needs work. Listing on the MLS isn’t always the best route as it is filled with pretty pictures of move-in-ready homes. A rundown home is likely to get overshadowed by the competition, meaning you’ll be on the hook for holding costs for a longer period of time. You need to market your rundown home to appeal to buyers that are actually looking for a fixer-upper. Trusted House Buyers can help you do that via a listing or a direct sale. By finding the right buyers for your unwanted property in San Diego, you will be able to sell in less time and for more money.
You Don’t Always Have to List
The most important thing you need to know is that you do not need to list your house on the MLS in order to sell it. In fact, there are ways that can be more beneficial to homeowners other than a traditional listing. Trusted House Buyers helps our clients by offering listing services and assisting if they would prefer a direct sale. A direct sale is simple…
- First, we will discuss the ins and outs of your property, letting you know a ballpark price
- Then we will make an appointment to view the home in person
- From there we will put together a formal offer, without any hidden costs or fees (that’s right, NO HIDDEN COSTS OR FEES)
- Finally, we will facilitate the property closing on the day of your choice – you won’t have to wait for your money, nor is there any pressure on you to move out right away
When you have a rundown property on your hands, it can be a very stressful situation. Our goal is to help you evaluate your options so that you can sell your house in the best way possible. There are many ways to sell a property in San Diego. Trusted House Buyers not only provides traditional listing services to our clients, but we also offer ways to sell directly. Our creative solutions will help you sell any rundown property while experiencing a straightforward and stress-free home-selling process.Do you need to sell a rundown house in San Diego? Trusted House Buyers can be just the company you have been looking for. We are here to help you through all of your options and want you to get out on the other side feeling good about your sale. Give us a call today to learn more about us and the creative solutions we can offer homeowners. We are happy to answer any questions you have about selling a rundown property in San Diego! 619-786-0973
