9 Tips For Selling A Distressed Property In Rogers

Selling A Distressed PropertySelling a distressed property doesn’t have to be stressful. Learn more about how to sell your distressed Rogers house in our latest post!

A common belief is that selling a distressed property will be painstaking and time-consuming. In some cases it is! However, with our top 10 expert tips for selling a distressed property, you will be able to sell quickly and for a fair price. Keep reading to learn more about how to sell your distressed house in Rogers!

Tip #1: Avoid Costly Agents

Selling your distressed property to a professional buyer such as Northwest Arkansas Home Buyer, will save you time and money. Listing your Rogers house can be expensive and you will have no guarantee as to when it will actually sell. By selling it directly to Northwest Arkansas Home Buyer, you will be able to have your closing right away and also avoid the expensive commissions an agent will charge you as well as the costs of continuing to own the property while it is listed and while waiting on closing.

Tip #2: Make It Pretty

If your property needs repairs or if it is going into foreclosure, you will likely want to sell it quickly. Taking some small steps to make it visually appealing will help buyers see it in a new way. Clean up as much as possible and make any minor cosmetic fixes you are able to. Try to showcase the property’s potential to help people see beyond its flaws. We don’t recommend doing anything that will cost a lot of money, but there are likely some inexpensive things you can do to your house to make it more appealing, even to a direct buyer..

Tip #3: Disclose Everything

No matter what is wrong with the property, you need to be upfront and honest about it. By not letting people know about property defects, you could be setting yourself for problems down the road. Take the ethical approach. There is a buyer out there for your property even with its flaws, and you will find them!

Tip #4: Find The Right Buyers

Think about who might be actively looking for distressed properties. Market to investors and other buyers whom you think would have an interest in your house. It can help to join some local real estate or investment groups in your area to really get the word out. Handymen and contractors can make good buyers of properties that need repairs.

Tip #5: Be Patient

There aren’t as many buyers of distressed properties as there are of turnkey pretty homes. It might take a while to find a buyer. This can be frustrating when trying to sell within a specific timeframe. If time is an issue, your best bet will likely be selling it directly.

Tip #6: Be Flexible

It is important to have a plan B just in case you aren’t able to sell the property one your timeline. Consider renting it out if you are able to or finding a loan to help you with repairs. It is important to think about the what if’s so you don’t find yourself foreclosed on.

Tip #7: Know The Value

You might think your house is worth a certain amount, but once you factor in the necessary repairs and upgrade it requires, the actual value of your property today might be much less than you had originally thought. Be realistic about what your house is worth in the condition it is in. Don’t expect to get full retail prices for a house that needs repairs. Take the time to compare the true condition of your house to other houses that have sold in your neighborhood.

Tip #8: Paperwork Done Right

If you choose to sell the house on your own, you will be responsible for taking care of all the paperwork. You will need to provide disclosure documents and create the contract. Everything must be legal and by the book as to protect yourself. When you work with us, we handle all of the paperwork, so you will have one less thing to worry about.

Tip #9: Don’t Appear Desperate To Sell

People are going to try to come at you with low-ball offers. If you are able to, stand firm until you are able to get a realistic offer on your house. You don’t have to jump at the first person who makes an offer unless this is your only choice. If someone offers you a lot less than you think the house should be worth, ask them to explain how they came to that offer price. At Northwest Arkansas Home Buyer, we always pay fair prices for houses, distressed or not.

Are you ready to sell a Rogers house? Don’t know where to start? We can help! Send us a message or give us a call today! (479) 802-0854

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