Does your home have cosmetic problems? An upside down mortgage? Is it in a hard-to-sell neighborhood? Or maybe it just holds bad memories for you that make it “ugly.”
Unfortunately, if you own an ugly house and need to sell fast, it can feel like you’re fighting an uphill battle.
You can’t imagine why anyone would want to buy your house, which makes it hard to convince potential buyers your home is a good investment. And many of your concerns are valid; your home has features that turn buyers off.
So what are your options?
- Fix the features that make your house ugly — spend the time and money it’ll take to make your home more appealing before selling.
- Accept the idea that it’s going to take a long time to receive an offer and that the offer you receive is going to be much lower than you’d like.
- Consider selling to someone who specializes in cash sales for ugly houses.
Let’s look at each of these a little more in-depth.
Option 1: Fix Your Ugly House Before The Sale
Perhaps the best way to get the highest possible offer for your ugly house is to simply fix whatever makes it ugly—hire someone to handle the renovations or tackle them yourself.
Of course, depending on the problems of your specific home, it may take anywhere from several weeks to a few years and it may cost you anything from a few hundred dollars to several thousand dollars.
That means this won’t be the best option for everyone; however, for some people it may be the right choice—and it is likely to net you the highest offer in the end (although some of that added profit will have gone into the house to make the repairs in the first place).
Option 2: Take The Time To Find A Buyer Or Compromise
If you can’t afford the money for repairs, then you have two choices: resign yourself to having the house on the market until you can find a buyer who is willing to see your house’s potential or compromise on price and take a lower offer to sell it quickly.
If time isn’t a major concern, simply waiting for the right buyer may be the best way to get the highest offer without the need to make repairs.
On the other hand, if time is an issue, but you’re less concerned about getting the highest possible offer, compromising on your asking price may be the best choice for selling your house.
Option 3: Sell Your House Fast, For Cash
So, what if you need to sell quickly and want to receive the highest offers? That’s where your third option comes in.
If you don’t have the time or money to spend to fix your home before you sell, but still want to sell your house fast and receive the highest possible offer, working with a cash home buyer may be the perfect choice.