Do you own a fixer-upper property? Did you buy a fixer-upper property that now requires more repairs than you can afford?
Maybe you took the house as a challenge but now don’t have the time or financial resources to handle the work. Sometimes owning a fixer-upper causes too much stress and disturbance to personal life. Living in the house while repairing it is not a simple task. Your personal peace and day-to-day life are disturbed. Your home is supposed to be a peaceful place where you can rest and cherish beautiful moments.
Maybe you didn’t purchase a fixer-upper but your home was neglected for quite a while and now is in need of repairs. In either case, you might be wondering: what do I do with my costly fixer-upper property.
Renovating the house is one option. My estimate is that you already considered this option but repairs are either expensive or time-consuming. In this article, we’ll explore your options if you want to sell your fixer-upper property.
Selling a Fixer-Upper House in Lawton
You have two options. You can either sell the house as-is or update it before listing. For an as-is sale, the buyer must accept your home without asking for any repairs. The response can be disheartening if you list a fixer-upper house on the MLS. Most people want new homes. If you list as-is, expect that people will want a discount, sometimes a heavy discount.
Most fixer-upper properties are already discounted. You are selling as-is so you’re not charging the value that you could charge after renovating the house. To avoid further loss, you can try listing as FSBO. That helps you save on commissions, as you’re already selling at a discounted price.
Selling by owner is not always the best option, as FSBO listings get less exposure and the chances are that your home will sell at a low price.
Make Repairs
If you cannot renovate the house, you could instead do the minimum updates and repair the most obvious damage. While television shows have made this undertaking appear as if it’s easy, you should hire professionals to ensure you aren’t causing further damage. However, before you begin, you should thoroughly understand the ARV, or after-repair value, to ensure the project is worth investing your time, energy, and finances. By reaching out to a direct buyer like those at DHS Realty Group who believe in total transparency, you’ll understand each figure used and precisely how your direct buyer reached the offer. Then, you can make an educated decision about what works best for your circumstances.
Traditional Listing
When selling on the MLS, it’s best to be upfront about the home’s condition. Those issues will appear in the inspection report, but you don’t want to create friction with future buyers. Second, you are required to fill out a disclosure form regardless of the as-is selling clause. That means you need to disclose your home’s condition as per your best knowledge. To avoid this issue, you can also consider selling to a Lawton buyer like DHS Realty Group.
We can buy your home in as-is condition without having you make repairs. You won’t have to pay listing commissions. You won’t have to experience the hassle. Unlike traditional buyers, we just visit your home once and make you a fair cash offer. We don’t ask questions or bother you with unnecessary visits. We understand that your home is important to you, and you want to be paid a fair price. We will calculate the fair price based on the home’s condition and market circumstances. We promise it will be a fair price for all parties. Our goal is to create win-win situations for all parties involved.
Work with DHS Realty Group
As your neighbors in Lawton, we can help you sell a house in any condition in Lawton. It doesn’t matter if you’re selling a neglected or abandoned property. Life happens, and you want to move on. If a property is keeping you stuck, give us a call, and we will take away the burden. Our expert team is happy to start with a free consultation. We want you to move forward with confidence.
Join us for a short call, and we will go over the details together. Our goal here is to come up with a fair cash offer that you are pleased with. All our offers are no-obligation quotes. That means you don’t have to accept our quotation unless you are 100% satisfied with the numbers and our terms. We are always here to address your concerns. Please feel free to reach out if you have any questions for us.