Do you own an older or slightly run-down house in San Antonio that you no longer want to own? Just because the house needs some work or isn’t up to code, doesn’t mean that you have to feel stuck with it any longer. Stop letting that house cost you money! You can sell your house in San Antonio, and receive a fair price for it! Learn how to sell your house with code violations in our latest post!
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.
If your property is in need of major repairs, it can be difficult to know how to sell it. Your pool of potential buyers will inevitably be much smaller so finding the right buyer can take longer than a house that is move-in ready. However, just because your house needs some work that you don’t wish to do, doesn’t mean that you should have to sacrifice by having to hang on to that house any longer than you want to. Below are some of our best tips for selling your house with code violations in San Antonio!
Estimating Repair Costs
If your house needs a lot of work, you’ll want to do some estimates so you know what you’re working with before attempting to sell your property in San Antonio. Do you know how much it will cost to make the house livable for your potential buyers? If you don’t know these numbers, it will be hard to correctly price the house for sale or negotiate when it comes to selling your house with code violations in San Antonio. If you can’t do the estimations yourself, hire a contractor or work with a house buying expert to help you determine the true cost of your code violations.
Finding The Right Buyers
Selling the house with code violations will free you from the property and the stress that comes along with it. But not everyone is in the market for a fixer-upper property, especially when there are major repairs required. 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. If you choose to list your property with a San Antonio real estate agent it may take a very long time to find a buyer because they are advertising to more traditional buyers that want a move-in ready property.
When trying to sell a house with code violations in San Antonio, your best bet will likely be to work with a real estate investor or direct buyer. Experienced investors are accustomed to dealing with issues such as code violations and are comfortable taking on large projects. Investors can also pay for the house with cash so that you can avoid inspections and appraisals that can get in the way of a sale. 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.
Price The House To Sell
If you are trying to sell a house with code violations in San Antonio, it will need to be priced to sell. 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. If the problems with the property are severe, many lenders won’t finance a loan for the property, so you may need to accept only cash offers.
Before you list the property or begin the process of selling it on your own, decide how much you would like for the house and see if an investor (Such as Sell My San Antonio House) can pay you close to that amount. Our background and experience allow us to economically fix up houses, typically at a lower price than if you were to do it on your own. This ultimately saves everyone money in the long run.
Fix The Smaller Things
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.
If your house has major code violations you aren’t able to fix, taking some time to fix the smaller things can have a huge impact on a property’s perceived value. You can fix holes in the wall, chipped paint, and cracked tiles to instantly make the house look more presentable.
Be careful not to fall into the trap of fixing things that will just have to be redone when the major repairs are made. If the entire electrical system needs to be replaced, there isn’t much point in just changing the light switches.
Cleaning Can Go A Long Way
It may feel silly having the house cleaned if there are code violations throughout the home. However, doing so will make the property more appealing to your potential buyers. Being surrounded by filth can give the property a horrible first impression. Hire a professional cleaning company to make sure no spot is left unturned. It there is dirt and clutter throughout your home, it can be hard for potential buyers to overlook these things and want to make an offer on your home.
Show Off The Good
You will be surprised by what some organization and a fresh coat of paint can do for a property. Putting your best foot forward, you can help people to see the potential in the property. Consider hiring a professional cleaning company, stager, and photographer to help make sure the property is being seen in its best light. Depending on your price point, you can also offer schematics to help your potential buyer imagine what the property could become with a little work. This will also help your buyer get a better idea of what will be required to make the home what they want it to be.
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?!
Why You Should Sell Your House Directly
By keeping your house off of the MLS, you won’t have to deal with property showings, marketing, staging, or continued upkeep. You won’t have to wait around, not knowing when your house will sell or what you will be offered. You won’t have to pay agent commissions, fees, or closing costs. Our selling process is simple, helping you to sell your house fast without any further aggravation… no matter what condition the property it in! Learn more about what you can do to sell your house with code violations in San Antonio, you might be surprised at how simple selling your house can be!
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!