September 26, 2021 - Connect Home Buyers

How to Sell a Fixer-Upper in Charlotte North Carolina

September 26, 2021 No Comments

When your house needs a lot of work, it cannot be very comforting to sell it without expensive upgrades. Not everyone has the time and the money to fix up their fixer-upper. It’s not about trying to make your home look perfect. It’s about selling what your home does have, like the floor plan and the potential dream home it can be. If there aren’t any structural damages to your home, then you have nothing to worry about. If you’re looking to sell a fixer-upper, then you’ve come to the right place. This blog will help guide you through the process of selling your fixer-upper in Charlotte, North Carolina.

Who is looking to buy a fixer-upper

Flippers

The most common people trying to buy fixer-uppers are house flippers and investors. Flippers purchase homes at a low price, renovate them and try to sell the house at a high price. They are always looking for the perfect fixer-upper opportunity.

Deal hunters

This buyer wants to live in an ideal location, neighborhood, or part of town but can’t afford the average list prices. For them, purchasing a fixer-upper is a means to gain access to a coveted area. They’re willing to put money into a property that will need renovations just because it’s in the right spot on a map.

How to sell your fixer-upper home fast

If you want to sell your fixer-upper fast and easy, then going to your local home buyer or investor in Charlotte, NC, would be your best bet. Investors buy houses as-is. They see the property’s condition, and they make a fair cash offer for your home. If you wanted, you could also work with a Charlotte real estate agent, but the process of selling your home would be longer.

Selling as-is

It doesn’t have to imply giving up all of your earnings when you sell a fixer-upper as-is. When it comes to selling as-is, it should be independently reviewed on which improvements to make, determining the right price, highlighting hidden selling points, and being open to cash purchases.
If you are not looking to do any work to the home and selling it as it is, then that’s perfectly fine. You have to expect that you won’t make as much money if you leave your home as-is. If you do leave it as-is, then more than likely, you can sell it faster than you would if you were going to make repairs because making repairs and renovations will take weeks and months to do. A suggestion for selling as-is is to finish a pre-inspection and provide everything discovered in the inspection report. You’ll almost certainly have to cut your price, but your agent may market your property as an excellent investment, flipper, or fixer-upper opportunity.

Tips for selling your fixer-upper

You can do many different things to make your fixer-upper sell for more money or sell faster.

Deep clean

One of the most essential things that can give you so much return in value is cleaning your home: Declutter open areas, counters, and closets.
Make sure the kitchen is spotless by scrubbing all surfaces. Empty all cupboards and wipe out any crumbs or debris from the interior, emptying items as you go. After that, clean out and dust off the insides of the refrigerator, dishwasher, and oven. Finally, wash down all of the appliances on your own. Lastly sweep and mop the floors. Try to make it look like a spacious kitchen.
Clean everything in the bathroom, including the shower, sink, mirror, toilet, and floor.
Wash the insides and outsides of windows. Vacuum and mop the floors in all rooms. Make sure there are no unnecessary items just lying around the house.

Making improvements

Some home improvements that would be worth doing if they are in bad condition would be replacing the roof, installing a new water heater, addressing mold, termite, or water damage, and repairing pipes, the septic system, or the sewer connection.

Making repairs

Some repairs are worth doing, and some are not worth doing. Some repairs can get you a return in value.

Repairs worth doing

When repairing your fixer-upper, you don’t have to do anything crazy like an extensive remodel. Small things are what will be worth it in the long run. One of the best things to do is to repaint your walls. Repainting your walls can give your home a new and fresh look that can attract potential buyers. Another thing to do is to improve the lighting by either replacing or fixing light bulbs. If you have any leaking faucets, then repairing those would be a good idea.

Repairs not worth doing

Some repairs that would not be worth doing would be getting new windows, a new hardwood floor, or a carpet. Instead of replacing your flooring with hardwood or carpet, you could hire a cleaning service to deep clean your house, including the floors.

Be honest about any necessary work

Remember, there will almost certainly be an inspection during this sales pitch, and if the buyer finds out that you’ve been misleading them — intentionally or not — about the amount of work required to make the property ready for sale, they’ll have every right to call off the deal and send you back on the market. If a buyer asks you a question and you don’t know how to answer it, be honest with them.

Improve curb appeal

One of the best things to do before selling your home, especially your fixer-upper, is to improve the outside of your house. The porch, yard, and driveway can all be decluttered. Any toys, trash cans, empty planters, and other odds and ends should be stored or discarded. Weeds, leaves, branches, and other grass debris should all be removed. The grass and bushes should both be trimmed up. You can add some flowers and fresh mulch to spruce up the look. You can also power wash the outside of the house.

Highlight the home's features

Use your home’s best features to promote it. That means the information submitted in your listing should focus on aspects such as closet size, the master bedroom, a fireplace, a patio, storage, an open floor plan, the home office, and garage space. Make sure to include neighborhood amenities like parks and good school districts.

Putting your fixer-upper on the market

If you choose not to sell with a local investor/local homebuyer, then finding an experienced real estate agent that can help you sell your fixer-upper is your best bet. Finding the right agent is significant, and you should try to find one who has experience selling fixer-uppers. Your agent can help you find the right price for your home, and they can give you advice on what to fix/improve before selling. If you have an open house for your home, your agent can give supplied open house information online and information to anyone interested in looking at the property.

Tips on Marketing your fixer-upper

Focus on the benefits: Even if your property needs modifications, such as updating the kitchen or bathrooms, the location, lot size, and floor plan may be major selling features.

Make sure your closing costs are fair for your home: Pricing your property is a bit of an art. Make sure you know if you’re selling in a buyer or seller market, and adjust the price accordingly. Look at recent sales of comparable properties in your region to get a sense of the ideal price.

Avoid using keywords that don’t matter: Make your listing description as appealing to buyers as possible. Consider eye-catching phrases that may add value to your listing, such as spotless, upgraded, immaculate, improved, and lush.

Try to sell to a cash buyer

Selling to someone who will buy your house for cash in Charlotte NC will be the fastest and easiest way to sell your fixer-upper. Your home can be sold in little as two to three weeks. Sometimes when selling to a local cash buyer, your house can sell in as little as a week.

Wholetailing route

When going the whole tailing route, the goal is to fix the property enough that an end buyer searching for a project can obtain traditional financing since it isn’t distressed and doesn’t require extensive, time-consuming renovations that would prevent a bank from lending on it. When using the wholetail approach, you may expand the pool of possible purchasers to not only include investors but people seeking new listings to do their own work to make the house exactly as they desire.

How to sell a fixer-upper in Charlotte North Carolina

When it comes to selling your fixer-upper, it can be stressful knowing that you don’t have the time and money to make significant changes to your home. You don’t have to worry. You can sell your home as-is to a local cash buyer. You could also make little changes to increase your home’s market value, and you can sell with an experienced agent.

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