How to Sell Your Fixed Up Home Quick
By: Joe Luckino
Well, your home is all fixed up, rehabbed, looking pretty, and up for sale. Now you are asking, “How can I get rid of this thing?”
First start with the price, you want to make sure you are asking an amount that will be good for you and good for the buyer. If the buyer feels like they’re getting a good deal, that will help you move the property faster. A lot of investors over price their house and end up sitting on it for a long time and they get eaten up on holding costs. So price your fixed up house right and it will move.
The landscape is also another important factor. When people drive up to the house, the curb appeal has to stand out to the potential buyers. If it doesn’t look good from the outside, they are going to assume it doesn’t look good on the inside-- no matter how nice it is.
One mistake people make when selling a home is they forget to take care of the little things. Little things mean a lot when selling a home. For example, you want new switches and receptacles throughout the house. It doesn’t matter if you put in a brand new electric service, if the switches look old and tarnished it doesn’t give you the new feel. Switches and receptacles don’t cost more than 50 cents a piece, but subconsciously it gives the potential buyer a good feel when they hit the switch.
Other little things are making sure the place smells good, make sure all the doors and handles are working properly, and have a list of repairs on the kitchen counter. That way the buyers can have a list of all the improvements to the house.
Most homes that are up for sale are over priced and not up to date. To not lose a listing, a lot of agents will list the house for what the home seller wants even though it may be overpriced. So if you have a home that is all modernized and priced right, you should be able to move it quickly.
Last but not least you have to be wondering “How do I find these buyers?” There are two ways you can go about it. First, I would try to sell it yourself so you do not have to pay an agent’s commission. Put a sign in the front yard and run an ad in the local newspaper. Team up with a good mortgage broker and have them put a sign in the yard that says ‘This House Qualifies for 100% Financing.’
A mortgage broker can qualify people that cannot get conventional down payment financing. There are a lot of 100% financing programs out there for people with not so good credit, and people are always willing to pay top dollar when they don’t have to put money down.
Run an add in the local paper that says something like this; Somewhereville, 123 main street, newly remodeled home, 3/2 with a double car garage, everything brand new, 210k, 1389.00 mo, possible no money down. Call NOW!!! 888-888-8888.
Your other option would be to list with an agent, which is not always a bad thing. Good realtors can get houses sold and it can save you a lot of time and headache by just not dealing with the whole process.
Copyright 2006 Joe Luckino
About the Author:
Joe Luckino is owner and cofounder of Money4Investors.com. Money4Investors.com is a real estate investing information site that helps investors find financing, other investors, appraisers, contractors, realtors and much more. Money4Investors.com also has over 1.2 million foreclosures, pre foreclosures, tax liens, bankruptcies and wholesale listings. For more information visit: http://www.Money4Investors.com.