Selling a rundown property in Indianapolis may feel impossible. You may be thinking to yourself, “who would buy a property that needs so much work?” Well rest assured, you can make the process easier, faster, and more profitable! Read on to learn more about how to sell a rundown house in Indianapolis!
Having an old and rundown house can be stressful, expensive, and incredibly frustrating. The simplest option available if you own a rundown house in Indianapolis and don’t want to spend the time fixing it up, is to sell it as-is. At 317 Home Buyers, we can help you evaluate your selling options so you can determine which selling method will be in your best interest! Together, we can run the numbers so you can get a better idea of the selling options available to you!
Below are some ways you can sell your rundown property fast, without spending a lot of time or money on repairs and upgrade projects.
Determine Which Repairs Are The Most Cost-Effective
Some repairs simply cost more than others. Keep in mind that you don’t have to fix everything in order to sell your run-down house in Indianapolis. If you decide you want us to list your property, you can begin making a few small aesthetic repairs to capture the interest of more potential buyers. You will have to disclose everything that you know is wrong with the property, but by improving the appearance of the house, you will be able to generate more attention from individuals who may have passed on your property otherwise. If your house requires a number of repairs that aren’t visible with the naked eye, be prepared for buyers to ask to have these things fixed when their inspection uncovers them. Also, while buyers can ask you to fix anything on the inspection report, in Indiana you’re required to address a “defect” if a Buyer asks you to. This doesn’t mean you have to repair the defect, it could mean that you make a price concession on the house or provide a repair allowance at the closing, etc. Indiana law defines a “defect” as: a condition that would have a significant adverse effect on the value of the property, that would significantly impair the health or safety of future occupants of the property, or that if not repaired, removed, or replaced would significantly shorten or adversely affect the expected normal life of the premises.
Highlight The Property’s Potential
Even the most run-down house can become a shining star with the right renovations. When people come to see the house, it may help if you can help them get an understanding of the property’s potential. You can even have designs generated so they can better envision what the property can become. Try to get your buyers to focus on the possibilities instead of the current condition of the property. Get some contractors’ bids so you can tell potential buyers what it will cost to renovate and they can justify spending the money to buy your house as-is. When you can help paint the vision for your buyers, they may ultimately enjoy being able to customize the house themselves.
Utilize Staging & Professional Photography
They say a photo is worth a thousand words. If your house is old and rundown, your listing photos will likely look less than stellar. A good cleaning, the use of some staged items, and the assistance of a professional photographer can make even the most run-down space become more appealing to your potential buyers. Once you’ve captured the interest of more people, you will be able to share with them what could be after the house is renovated. Getting them in the door both literally and proverbially will help you better your chances of selling your rundown property in Indianapolis!
List Your House As-Is
If there is too much work to do or you don’t want to spend the time and money fixing it up, you can always list the house as-is. Keep in mind, that you may not find a buyer for your house right away. Typically the people searching the MLS for a new home are looking for something they can move into right away, not weeks or even months later. Not everyone is up for a home renovation when buying a house. When selling a rundown property in Indianapolis, you’ll need to be able to appeal to the right audience, and they aren’t always found on the MLS.
Work With A Direct Buyer
A professional home buyer will be able to buy your house as-is. Not all buyers are the same, yet when you work with a company like 317 Home Buyers, you will be able to sell without any commissions, repairs, or waiting. We can fix up the property efficiently and for a great price, allowing us to make you an excellent offer for your unwanted house in Indianapolis. Unlike a traditional sale, you won’t have to be prepared to negotiate repair costs. What we offer you is what you will get.
Selling a rundown property in Indianapolis can feel overwhelming. The key is finding the right audience and exploring all of your selling options to determine which is right for you. At 317 Home Buyers, we will run the numbers with you so you can make the right decision about how to sell your unwanted property in Indianapolis and the surrounding areas. We will always be able to answer all of your questions without and hassle, cost, commitment, or pressure to sell!