Take a look at these 5 recommendations for sell a house in Philadelphia that needs repairs. Some sellers believe that everything in their property must be picture-perfect before they can list it for sale, but this could not be further from the truth.
Honesty Is the Best Policy
When it’s time to put your fixer-upper on the market in your neighbourhood, you’ll need to be ready to answer certain key questions from potential buyers.
Building trust between yourself and any potential purchasers is an important element of sell a house in Philadelphia. The last thing you want to do is break the buyer’s trust by pretending a clear problem doesn’t exist or trying to persuade them that the situation isn’t as serious as they think.
When a buyer suspects you’re hiding something, they’ll be distrustful of everything else about your home and analyse every aspect much more.
Focus on the Positives
Just as you should when writing your listing ad, you want to do everything you can do to highlight the strengths of the property.
This doesn’t mean fully ignoring any potential flaws in order to sell a house in Philadelphia, but it could mean re-framing the situation as a chance for the buyer to handle things their way and make it their own.
Homes that are significantly older, for example, are frequently believed to be more likely to require extensive repairs. Their substantial structure and plaster walls, on the other hand, aid in insulation and appeal to a specific segment of the buying public.
Highlighting the advantages can also mean focusing the buyer’s attention on the exterior and the opportunities for outdoor entertainment and leisure during the warmer months.
Offer Added Value
There are some things you can do to make any home more appealing despite its condition.
To begin, ensure sure the house is priced fairly in comparison to other similar homes in the region. You must evaluate not only the attributes of your home, but also the state of the property.
Get estimates for any necessary repairs and add them into your original pricing equation to assist determine how much of a discount to provide when first listing. Making tiny upgrades throughout the house is an alternative strategy to decrease the impact of your home’s necessary repairs.
New lighting fixtures or cabinet hardware in the kitchen and bathroom can brighten the space and make the entire property more appealing.
Keep Things Professional
As bidders begin to make offers on your home and discussions begin, some will undoubtedly point to the need for repairs as a justification to lower the property’s final price.
When making counter offers, keep their perspective in mind, but don’t lose sight of what you want to gain out of the deal. When dealing with buyers, keep a clear head and don’t take any offers or comments personally.
If you think this would be challenging for you, we strongly advise you to use a trained and experienced real estate agent. An agent will represent you in negotiations and make helpful ideas to help you sell a house in Philadelphia faster and with less stress.
Find the Right Buyer
This final bit is incredibly important: stay patient.
It’s possible that your local market is quite competitive, and it will take other properties being snapped up before the appropriate buyer falls in love with the possibilities offered by your home.
Don’t let yourself get discouraged by picky buyers who aren’t wanting to put in the work because eventually, someone will come along who can appreciate what’s there.
Your Philadelphia Partner to Sell a House That Needs Repairs
If you’re trying to sell a house in Philadelphia that needs repairs, contact us at (215) 385-3055!