Selling a rundown property in Fort Myers can seem challenging, overwhelming, and stressful for homeowners. Should you make repairs? Should you take the time to fix it up? Or should you try to sell your house as-is? Many homeowners in this situation don’t realize that there are actually many options available and the process can be simple, stress-free, and rewarding. Here are a few things you need to know about selling a rundown property in Fort Myers.
You May Not See a Return on Your Repairs
It’s important to strike a balance between sprucing up your home and overspending on renovations. While a well-maintained house will surely attract buyers, extensive and expensive repairs might not translate to a dollar-for-dollar increase in the selling price. Consider the age and style of your home – a complete kitchen remodel might be unnecessary in a modest starter house, and could even price out potential buyers.
Instead, focus on high-impact, low-cost improvements. A fresh coat of neutral paint in your interior can make a world of difference, while power washing your siding and cleaning your gutters will boost curb appeal significantly. Remember, potential buyers are looking for a blank canvas they can personalize – some minor cosmetic issues they can address themselves might be more appealing than a house with very specific design choices.
You’ll Need to Disclose Everything
Do not ever attempt to conceal problems that may affect the home’s value or the quality of living for your buyer. You will need to be upfront about any problems the home has or you may find yourself on the hook for damages. Depending on where the property is located, a few common things you may need to disclose include…
- The appearance of toxic chemicals or lead based paint in the home
- A death or violent crime
- Any health hazards in or around the home
- Mold, water or fire damage
- A list of needed repairs
- A summary of any neighborhood problems or nuisances
- Prior inspection reports
You’re absolutely right. Transparency is key when selling a property, especially a rundown one in a competitive market like Fort Myers. Failing to disclose problems is a recipe for disaster. Legally, it can be seen as fraud or a breach of contract, opening you up to lawsuits from disgruntled buyers who discover hidden issues later. This can be a lengthy and expensive ordeal, not to mention the damage it does to your reputation.
Beyond the legal ramifications, being upfront about the property’s condition builds trust with potential buyers. Imagine their disappointment (and potential outrage) if they discover major problems you neglected to mention. Disclosing everything upfront allows them to make an informed decision and potentially factor in repair costs when making an offer. This honest approach fosters a smoother transaction and protects you from future headaches. Ultimately, it gives you peace of mind knowing you acted ethically and didn’t leave anyone with a nasty surprise.
You’ll Need to Find the Right Buyers
You’re right, trying to sell a rundown property on the MLS can be a challenge. The MLS is flooded with listings showcasing pristine, move-in ready homes. Your fixer-upper is likely to get lost in the shuffle, especially among buyers looking for a turnkey solution. This can mean a longer wait to sell and ongoing holding costs like property taxes and utilities.
There’s a better way to sell your rundown property: target the buyers who are specifically looking for a fixer-upper! This is where Core Real Estate Properties comes in. We can help you find those buyers in Fort Myers who are excited about the potential in your rundown property. By connecting you with the right audience, we can help you achieve a faster sale and potentially a higher selling price. We can explore both traditional listing options or even a direct sale, depending on your specific needs and goals.
There Are Options Other Than Listing
The most important thing you need to know is that you do not need to list your house on the MLS in order to sell it. In fact, there are ways that can be more beneficial to homeowners other than a traditional listing. Core Real Estate Properties helps our clients by offering listing services and assisting if they would prefer a direct sale. A direct sale is simple…
- First, we will discuss your property, letting you know a ballpark price
- Then we will make an appointment to view the home in person
- From there we will put together a formal offer, without any hidden costs or fees
- Finally, we will facilitate the property closing on the day of your choice – you won’t have to wait for your money, nor is there any pressure on you to move out right away
Dealing with a rundown property can be a major source of stress. You might be worried about repairs, finding the right buyer, and getting a good price. Here at Core Real Estate Properties, we understand those concerns. That’s why we offer a variety of solutions to help you sell your house in Fort Myers and move on with as little hassle as possible.
We go beyond traditional real estate listings. While we can certainly list your property on the open market to reach a wide range of buyers, we also offer creative solutions for selling rundown properties. This might involve a cash offer directly from our company, or connecting you with a network of investors interested in fixer-uppers. No matter which path you choose, we’ll be there to guide you through the process every step of the way, Our goal is to take the stress out of selling your rundown property and get you a fair price quickly.
Do you need to sell a rundown house in Fort Myers? If so, Core Real Estate Properties can help. We offer many ways to help Fort Myers homeowners sell their unwanted property. Give us a call today to learn more about us and the creative solutions we can offer homeowners. We are happy to answer any questions you have about selling a rundown property in Fort Myers! 239-360-3176