March 7, 2018 Tarek El Moussa

How to Sell Your Newly Inherited Fixer Upper

We’re sorry for your loss.The last thing you want at a time of grieving is to deal with selling a decrepit property. We can help. We have put together a short list of things to consider in this situation that may help you along.

Things to Consider

Most often the best thing to do with a decrepit house is sell it. But that doesn’t mean it’s the easiest.

Here are the steps you’ll need to take.

  • Repair as much as you can.

Focus on the most desirable or worried about parts of a home: the kitchen, bathrooms, roof, foundation, and electrical. If there’s any obvious signs of damage, consider fixing those.

Have a surveyor check for asbestos, mold and termites. Take action if any infestations are found or be prepared for the possibility of a sale to fall through because of it.

  • Take out a Loan if You Need To.

Repairs can be costly. Consider taking out a loan or personal line of credit. While doing so would create additional debt, the repairs you’d make could significantly increase the list price.

Do your research and talk to lenders to learn which home equity option works best for you if you decide to go this route.

Keep in mind that the more decrepit the house is, the more likely your buyer will be an investor. Think about repairs from their perspective.

  • Improve Curb Appeal.

Like everything in life, first impressions matter.

The good news is you can do this on a budget. Consider planting flower beds, installing a cute mailbox or replacing the door knob with one that pops, add a fresh coat of exterior paint, etc. Even cleaning the windows makes a difference.

  • Make it sparkle as much as it can.

In some ways, a house is a house.

The cleaner the house is, the better it shows. Remove clutter and unsightly belongings. Make sure there’s enough space in closets, pantries, cupboards, etc. to let the home breathe. It’s recommended to leave them half-full or less. If the house was a hoarder’s home and you’re left to do the decluttering, consider hiring a professional hoarding cleaning service.

  • Step back.

Though your new-to-you house has seen better days, it probably has lots of good memories too. Pass this painful, time consuming task on to a real estate buyer and get it off your plate.

Or better yet, let our team take care of it for you. We specialize in fixer uppers like yours and can see a diamond in the rough. Because of this, we’ll offer you fast cash and a fair offer. We cover all the repairs, no matter how extensive, so you won’t have to take out that loan after all.

Grieving is hard enough. Don’t add a stressful home selling process to the mix when we can make selling your home easy and stress-free.

Best wishes for your bereavement journey. Let us know if we can help.