November 12, 2020 / By mikerbrady
Have you ever seen a sign for a company that says “We Buy Houses” and wondered who they are and whether or not they’re credible? You’re not alone! Given the way that many people sell their homes on the housing market, it’s understandable that you might not be aware of what a home buying company is and how it actually works.
You may have even heard some horror stories about companies that turned out to be shady. There’s a big difference between a credible company that buys houses and a fly-by-night operation that is looking to scam people. Legitimate companies that buy houses as-is can be extremely helpful to home sellers in all kinds of situations, whether you’re looking to get out of financial trouble, have a home in disrepair, or just need to sell your house fast. That’s where credible home buying companies like Avante Home Buyers come in.
So let’s take a closer look at companies that buy houses for cash and figure out how to spot the credible ones.
There are many things that can be repaired relatively inexpensively while still making a strong impact. A fresh coat of paint can go a long way. Repairing holes in the walls, cleaning the carpets and adding new fixtures are all great ways to fix up the house without breaking the bank. We also recommend repairing the roof and cleaning up the yard. Curb appeal has a major impact on a potential buyers perception of the home. If their initial impression is of a neat and tidy yard, they will have a more open mind when viewing the rest of your home!
You can do this by networking in investment and real estate groups. Get the word out about your home and help people to see the potential value. Run the numbers yourself and let people see what it will cost to repair vs. the value of the home when it is complete. Being able to communicate the value of your house to potential buyers is very important when selling a fixer-upper.
Even if the house has areas that require major improvements, there is bound to be something about it that is appealing! Maybe it’s in a great location or features custom, built-in cabinetry. Focus on the positive and the potential of the property once it has been fixed.
While you want to play up the good features you also need to be 100% honest about what is wrong with the house. By disclosing everything you know, you can address it head-on as opposed to after the inspection has been done. You don’t want to set yourself up for a lawsuit by concealing a potentially deal-breaking fact about the property. Plus, it’s the right thing to do.
One strategy many people use is to call for offers and wait. Let it be known that you are widely advertising the property, and will be taking any and all offers into consideration. Set a specific date as to when an offer will be accepted. This will create a sense of urgency and will potentially pit multiple investors against one another in a battle for your home.
No matter what shape the property is in, you can do some things to set the mood. Is it a nice day? Make sure the windows are open to let the breeze come through. Stage the home to the best of your ability and clean up as much as possible. You can even find free interior design or room planning software to show what the potential of the room with a few renovations. Help your potential buyers see what could be!
Do you want to learn more about how to find buyers for your house in Norfolk? We can help! Give us a call or send us a message today! 866-833-5262
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