It is stressful when you are trying to sell a property when you know there are problems with the property that need to be corrected, especially with the inevitable inspection hanging over your head. In addition, selling a run-down property can be costly as days on the market increase the final sales price is typically lower.
However, you can take comfort in knowing that homeowners in the same situation have successfully sold their properties with a bit of guidance from experts. So read on as we explore what homeowners can do about a run-down property in Memphis.
Understand Your Buyers
Selling a run-down property in Memphis can be challenging as most home buyers seek properties in ready-to-move-in condition. However, this doesn’t mean that there won’t be interested parties who contact you. By understanding the different types of buyers you are likely to encounter, homeowners can better prepare to sell their run-down property in Memphis.
One type of buyer you may come across are those who are seeking a property they can fix up themselves and turn a profit. While these buyers may be willing to invest time, effort, and money into your property, their offers may be significantly lower than the actual market value of the property. It’s important to keep in mind that these offers may not accurately reflect the true value of your property, and accepting a lowball offer may not be in your best interest.
To get a realistic assessment of your property’s value, working with a direct buyer like Memphis Home Buyers can provide you with an honest and transparent evaluation of your property’s worth. Our team is committed to being up-front with everything and helping you make an educated decision about what is best for your specific circumstances, whether it’s listing your property on the market or selling directly to us.
In addition to the challenges of finding interested buyers, run-down properties often linger on the market for an extended period. This can be frustrating and costly for homeowners, who may have to continue to pay for utilities, maintenance, and other expenses while waiting for the property to sell.
By selling to a direct buyer like Memphis Home Buyers, homeowners can avoid the lengthy listing process and sell their property quickly and efficiently. We buy houses in as-is condition, meaning you don’t have to worry about making costly repairs or updates. Additionally, our team can provide you with a fair cash offer for your property based on its current condition and market value.
Curb Appeal
When it comes to selling a run-down property in Memphis, highlighting the positive aspects of the property is essential to attracting potential buyers. Homeowners can take several steps to improve the curb appeal and interior of the property to make it more appealing to buyers.
One effective strategy is to tidy up the landscaping to improve the property’s curb appeal. This can be achieved by adding a few flowering plants to a freshly weeded flower bed or mowing the lawn to make it look neat and well-maintained. Additionally, homeowners can enhance the appeal of the property’s interior by deep cleaning the flooring and carpets, removing worn throw rugs, and decluttering all surfaces.
Removing oversized furniture is another effective strategy for making spaces appear larger and more inviting. Finally, making minor fixes such as addressing leaky plumbing and adding a fresh coat of paint can also help improve the overall appearance of the property.
However, these updates and repairs can be costly and time-consuming for the homeowner. By selling to a direct buyer like Memphis Home Buyers, you can sell your property in as-is condition and avoid any unnecessary expenses or stress. Our team at Memphis Home Buyers is committed to making the selling process as easy and stress-free as possible, and we will provide you with a fair cash offer based on the condition of your property.
Pricing
Homeowners can hire an appraiser so that they know the current fair market value. Setting the price right can help quickly sell a run-down property in Memphis. If you price your property too high, today’s savvy buyers will be fully aware and scroll right on by your listing. You hurt yourself financially by setting the price too low, but buyers may also feel there is something wrong they can’t see and move along to avoid getting into a money pit. You’ll know what you would profit from selling your property on the market vs. the offer from a direct buyer from Memphis Home Buyers, which you will agree is fair. The direct buyers at Memphis Home Buyers never charge commissions, and there are no hidden fees in our straightforward contract.
Making a no-obligation call to Memphis Home Buyers about your run-down property in Memphis is what homeowners can do to make selling quick and easy. You’ll save thousands by selling directly to Memphis Home Buyers; we guarantee the closing date, so you will know when the expenses of holding and maintaining your run-down property will finally end, and you won’t pay closing costs. The amount of the offer from a direct buyer at Memphis Home Buyers is the amount you’ll walk away with from the closing table. Memphis Home Buyers has the flexibility for the closing to be in a few weeks or delayed to the calendar date best suited to your upcoming move. Call Memphis Home Buyers at (901) 828-8419.