So, you’ve calculated the costs of updates and repairs and are considering selling your TLC real estate listing as-is. Even if you have to lower your price, you’re made up your mind and you’re ready to move on. Can there be any good news in terms of getting a fair price and still selling fast? Absolutely! You just need to find the right buyer. In this article, we’ll give you the steps to find the perfect TLC home buyer.
Avoiding The Wrong Buyer
First off, there are some major problems that most buyers will try to avoid when looking for a home. These include mold, water damage, and structural damage like rot or foundation issues. If any of these problems exist and you’d like to go the traditional route to sell your house, then you should probably hire a professional inspection before listing.
For a house that needs a lot of TLC, this would probably be the wrong buyer to target. You need to find someone who is willing to buy as-is without requesting any repairs or inspections. Can it be done? Yes, it can.
Finding the ideal buyer for a TLC real estate listing
Step 1: Research
Before you sell your TLC listing, do some research to get an idea of its current worth. This will be used as a guide for setting the asking price. You may not get the asking price you set, but it’s important to have a starting point. One option is to get a free no-obligation cash offer that could help you get an idea of your house’s worth.
Step 2: Set A Fair Asking Price
The next step is to set an asking price that is fair for both you and your buyer. You should take into consideration any renovations that are needed on the house. Remember that many buyers will be deterred by major repairs, so this is often a good time to lower the asking price.
If you are set on getting top dollar for your house then it might be best to hire someone to make the necessary repairs. You can do this with contractors or do-it-yourself projects.
But, if you don’t have the money or time to make these repairs, I recommend skipping them. This will save you some hassle and potentially increase your profit!
Step 3: Advertise your House To Get Offers
There are several ways that you can advertise your house online. Craigslist, Zillow, Facebook Marketplace, and other real estate websites are all great places to advertise.
Just remember, if you advertise, it means taking calls, dealing with time wasters, and deals falling through. You could get a real estate agent to handle this for you, but just make sure you choose a real estate agent that won’t inflate your price to cover their commission. That’s one reason TLC real estate listings sit on the market for years.
Step 4: Meet With Prospective Buyers
Once you’ve gotten some interest, it’s time to meet your buyers and hopefully close the deal. Just keep in mind that there will be paperwork and you might need legal representation.
Step 5: Close the deal
Once you’ve secured a serious buyer, it’s time for negotiations. This can be done by negotiating repairs before closing, getting another inspection (possibly another estimate), and adding contingencies. You could also add a discount for cash offers. Most buyers will need to go through the bank to secure a loan, so cash offers are great if you can find one.
Get a cash offer today
If a cash buyer sounds like a good option for you, then we have an immediate solution. At Gr8 Housebuyers, we’re experienced at handling homes that require TLC.
Whether it’s the lick of paint or the complete overhaul, let us make you an offer to take on the task off of your hands.
We buy TLC real estate in Las Vegas, NV – no matter the condition. We’re committed to providing fair, cash offers for real estate properties like yours without charging commission or extra fees.