Selling A House That Needs Repairs In Indianapolis

Indianapolis home in need of repair and updating

You may believe that selling a house that needs repairs will pose challenges. However, we buy houses in Indianapolis as-is, so solving your potential challenge is our forte! Discover how we can assist you in our most recent article!

When selling a rundown house in Indianapolis, the idea of spending money to spruce it up or make significant repairs might seem counterintuitive. Repairing a house before selling doesn’t always yield a guaranteed return on investment, potentially resulting in what feels like wasted funds. If the repairs are purely cosmetic, personalizing them to your taste could inadvertently deter potential buyers with different preferences. Your efforts to enhance the property could ironically lead someone to overlook it! If you’re trying to sell a house that needs repairs, I think it’s your best bet to avoid making repairs unless you’re absolutely certain they’ll pay off in the end!

How Much Will It Cost To Fix?

Unless you’re a contractor, it’s probably a waste of your time to try to estimate the costs of your home repairs on your own. Instead, reach out to several contractors for estimates on the necessary work. Some sellers opt to conduct a home inspection before listing their property. This approach provides a precise understanding of your home’s condition before potential buyers initiate their own inspections of your house. It enhances your negotiation leverage and signals transparency to buyers, showing them you’re not concealing any issues.

Which Repairs Are Critical?

Let’s face it: buyers are generally not attracted to fixer-upper or as-is properties. They may be more attracted to Indianapolis properties that just need some cosmetic updates but even that isn’t a guarantee. However, if you’re on a budget and you need to attract a wider pool of potential buyers then you need to complete the right repairs so the house is at least livable. Selling an uninhabitable house can be more challenging, as it limits the buyer’s options. So my recommendation is to evaluate the needed repairs with some professional contractors and make sure the repairs you choose to do are going to get the house to a sellable condition.

Consider Your Selling Options

There are a few things you can do:

  • You can pay to repair/update the house and list it for sale on the MLS
  • You can list it on the MLS as-is
  • You can sell it to a direct home buyer in Indianapolis, such as 317 Home Buyers

If you choose to make the necessary repairs and updates, and list your house on the MLS, it’s crucial to understand the out-of-pocket expenses involved. In addition to repair costs, you’ll need to budget for cleaning, staging, photos, commissions and closing costs. And don’t forget the possibility that you could be making more repairs to the house after the buyer’s home inspection.

Attempting to list a property as-is on the MLS can pose challenges. Potential buyers often scroll past photos of damaged houses, preferring move-in-ready options. Many individuals are hesitant to invest in a home that requires extensive renovations, adding to the time and expenses.

Sometimes it just makes sense to sell your house to a direct home buyer in Indianapolis. 317 Home Buyers is keenly interested in purchasing fixer-upper houses. We buy houses for cash in Indianapolis, so you don’t have to struggle to decide which repairs to make or how you’ll pay for them in order to sell your house – there’s no bank or loan officer telling us or you that a house is in too bad of condition for them to lend on it. There’s no obligation or hassle when you receive an offer from us. Discover how selling to a direct home buyer in Indianapolis can provide the solution to selling a house that needs repairs!

Get It In Front of The Right People

There is a whole market out there of people looking for houses to fix-up. Just because your property needs repairs, doesn’t mean it isn’t sellable. You simply need to find the right buyer for it!

Attend networking events in your area for investors, real estate professionals and general business matters. Let people know about your property and that you are offering it at a great price! The more people who know about your house, the more likely you are to find a buyer for it. Talk to everyone, you never know who could be in the market for a new house!

Showcase The Potential

Help people to use their imaginations when viewing your home. If you are listing it, include an artist rendering of what the home could look like. Showcase the property’s potential in all of your marketing.

Do you want to sell a house that needs repairs in Indianapolis? We can help! Send us a message or give our team a call now! 317-623-4734

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