Do you own a run-down, damaged, or unlivable house that you want to sell? Learn more about how to sell your house with code violations in San Antonio!
If you own a run-down or damaged property in San Antonio, you can feel stuck or obligated to a property that isn’t doing anything for you and probably just costing you time and money. You know that the house needs a lot of work and maybe you think nobody would want to buy the property or that one day you will finally get all the repairs done and be able to sell that property.
However, there comes a point when you have to decide if the money you are spending on your house with code violations is worth it. Between the repairs, taxes, vacancy costs, and other routine maintenance, owning an unoccupied home can be very expensive. It’s not only the dollars that it takes out of your pocket but you have to consider how much time this house is costing you. If this sounds like your situation, it’s important to consider a different option for the property.
Find The Right Buyer
Selling the house with code violations will free you from the property and the stress that comes along with it. But not every buyer is up for the challenge of repairing your house with code violations in San Antonio. You will need to find the right buyer who will pay you a fair price and who is up for the challenge. This buyer will almost certainly need to pay cash for your house and it will often mean working with an investor who will see the potential in the property and have the ability to fix it up at a more economical price than your average buyer would be able to. By selling in this manner, you will be able to sell your house quickly, without sinking any more money into the property than you have to. This also relieves you from the stress of worrying if a buyer will find something later and then want to come back at you.
Set Your Expectations
When selling a damaged property you have to realize that it is not going to fetch the same prices as the houses you see for sale on the MLS or from some random estimate you get from a website. There is work that needs to be done, and someone has to foot the bill. Having realistic expectations from the beginning will save you time and heartache.
Once again, by working with an experienced professional buyer, you will be able to sell to someone who is able to fix it up at a more economical price, thus giving you the potential to receive a higher offer. Keep in mind that when you work with a direct buyer, you won’t be spending money on commissions either.
Real Estate Agent Commissions can run about 6% of the sale price when working with a San Antonio real estate agent and that does not include the other closing costs that you will have to pay when you sell with an agent. Without commissions or agents fees, you will be able to keep thousands of dollars in your pocket.
Disclose Everything That Is A Code Violation
This is not only the right thing to do, but it helps protect you as the seller! Not doing so can get you in some hot water down the road if something should go wrong. You need to be upfront about all you know in regards to the property, even if the damages cannot be seen.
If you fail to disclose something that becomes a problem in the future, you could find yourself paying for even more repairs or having to deal with lawsuits or court battles. No one wants to deal with those types of things and you are trying to get rid of stress and not add more stress to your life. It is never ok to hide damages or problems with a property, either ethically or legally. If you need to, create a checklist so you can easily identify different problems with the property, ensuring you have reviewed the house from top to bottom and you are being as honest as you can be.
A buyer experienced in buying these types of properties is probably going to notice most of the issues anyways and they are buying knowing that it needs repairs…so why not protect yourself and disclose it?!
Make It Look Nice
Even if there is a portion of the house that needs major repairs that you aren’t prepared to deal with, you can still make the rest of the house look as appealing as possible. There are positive features to almost every property and there is nothing wrong with highlighting the positive features of the property. The goal is to show people what the house truly can be once the repairs are made. Show them that there is more to the property than just the needed repairs.
You can also spend some time on the yard. Cutting the grass, trimming the trees, and power washing the driveway can really add to the curb appeal. Great curb appeal will have an effect on your potential buyer’s first impression, thus making them more likely to make an offer despite the needed repairs.
Don’t Sell Yourself Short
Just because the house is old, ugly, or run-down doesn’t mean that you will never be able to sell it or that you will have to give it away for free. Every house is worth something…You just have to take action and find the right buyer. The right buyer will see the beauty and potential of your house. They will be able to fix it up at an affordable price, creating a winning situation for all parties involved.
If you want to sell your house with code violations in San Antonio, take a look at all of the options available to you. You might be surprised at how many people are looking for a property just like yours, but make sure you choose an experienced investor who is up to the task.
Selling your house with code violations in San Antonio may seem impossible, but it can, in fact, be done. Knowing how to market the property, who to market it to, and what to expect will make the transaction a quick and easy one. Sell My San Antonio House specializes in helping San Antonio homeowners sell their properties with code violations or many other problems. If you own a house in need of major repairs, we would love to talk to you!