Tips For Selling a Virginia House in Poor Condition or Bad Shape
Are you planning to sell a property in Virginia in bad shape or poor condition? Homes that need repairs or are almost uninhabitable don’t typically attract many interested buyers. This is especially true for the Virginia real estate market — which is quite competitive, with high standards for buying homes.
All homes need some repairs now and then. However, when a home is riddled with structural or aesthetic problems, it can burden would-be buyers. Buyers often won’t consider houses that require a long and expensive renovation to make them habitable. Sellers with homes needing extensive repairs deserve a better option.
For these reasons working with an experienced, buyer like Cava Buys is one of the easiest ways to sell a house in poor or bad condition.
Your house is considered to be in bad condition if it has:
- Structural problems
- Old and outdated appearance
- Foundation problems, such as cracks
- Leaking or damaged roof
- Storm, fire, and mildew damage
- Ongoing issues with tenants
- Incomplete construction
- Broken windows and doors
- Pest infestation
- Plumbing and electrical issues
- Unnecessary stuff or trash hoarded inside
Selling a Virginia Home in Poor Condition or Bad Shape
If you’re wondering, “is there anyone who can buy my house even in its distressed situation?” — don’t worry! Below are some tips for selling a Virginia home in poor condition or bad shape:
Consider Selling to As-is Buyers
Before you decide to sell your outdated property, know that you can get a higher price than you may expect. Making improvements to bring your house up to code and make it more attractive can be expensive and may leave you in debt. The best solution is to sell it to as-is investors — at no cost to you!
You may have seen signs that say, “we buy houses in any condition and anywhere in Richmond, Chesapeake, Virginia Beach, and Chesterfield, VA.” These companies are investors always looking for distressed properties, and they’ll buy yours for cash! After buying homes in poor condition, they refurbish them and bring them back to new.
Unlike in the traditional real estate market, cash buyers — like us, Cava Buys — have a fast transaction process. You don’t have to wait for loan approval or deal with an agent because the investor handles everything. It’s a clever approach where you can unlock your hidden equity in as quick as seven days!
List Your Home With Cheap Market Value
One of the best ways to sell your outdated home is to list it below market price — but are you willing to let go of your house at a bargain price it doesn’t deserve? Probably not! Listing a property in poor condition is time-consuming, expensive, and frustrating. Even at the lowest price, your house could sit on the market for quite a while. As we mentioned earlier, most homebuyers nowadays aren’t willing to invest in old, repairable houses.
However, many cash buyers will be interested in the property and will be happy to take it off your hands.
Use the FSBO Approach
A strategy often referred to as “For Sale By Owner” (FSBO) involves selling your home directly on the market without using a real estate agent. Since it’s done by yourself, you’ll have total involvement in the selling process — where you have to set the price, negotiate, host house tours, list on advertising platforms, and perform many more duties.
However, you may end up selling your home at a lower market value or get slight repairs to make it more appealing to buyers. It’s a tedious process, and you don’t even have the assurance that you’ll end up with a successful sale.
Work With a Real Estate Agent
In some cases, some agents are willing to help you sell a house in bad shape. When you hire an agent, they’ll be able to help you set the right price and stage your home effectively. They’ll ensure that it‘s appropriately advertised while handling the selling process and protecting your best interests.
While this can be a good option, most agents will refuse to list your property until their recommended repairs and renovations have taken place. Also, take note that agents get 6% or more commission from the selling price.
Sell Your Home to Cava Buys in 3 Easy Steps
If your home is in a distressed condition, you may doubt if you can sell your home at a price you’re satisfied with. Luckily, Cava Buys is here to help you! We pay fast cash for your distressed properties using our hassle-free approach if you need to sell my house fast Richmond VA.
- Get in Touch: Simply call or contact us online and share information about your house.
- Receive Offer: We’ll give you an upfront offer to buy your house in as fast as seven days — without any hidden fees, commission, or closing costs.
- Close on Your Time: After you get our offer, you can freely pick your closing date and get paid. If you need more time, we’re willing to wait until you’re ready for your preferred closing date.