Are you planning to put your home in the real estate market soon? Each year thousands of homeowners sell their houses for a variety of reasons that can range from relocating to another city for a job or upgrading to a bigger home to various financial reasons. Whatever your reason is, selling your house is a big decision to make. Without the right knowledge and experience, it may seem too overwhelming, especially if you are selling a house that requires several major repairs. To help you out, here’s a quick guide on how to sell your damaged home successfully.

Get Your Home Inspected

A pre-sale home inspection is not mandatory when it comes to selling your home, but it will help you easily sell your home in the market. The inspection will give you a better idea of the current condition of your home from the inside and outside. After the inspection, you will be provided with the overall report of your home’s condition which will be helpful in case your potential buyer requests more thorough information about the state of your house. Apart from that, it will help you weigh your options on what can still be fixed to boost the resale value.

Set a Reasonable Price

Remember, pricing matters when it comes to selling real estate properties. The wrong price can drive customers away and the right price will offer you an easy sale. The first thing you need to know when selling a damaged house is the cost of its repair. How many things should be renovated or fixed? What can still be salvaged? Aside from the repair cost, you also have to check your competition in the market as pricing varies per location. This way you will be able to set an attractive price range for your potential buyers.

Homebuyer Vs. Real Estate Agent

The next step in selling your house is choosing between finding a homebuyer or listing your property with a real estate agent. Engaging a real estate agent’s services may get you a higher sale price and expand your network of potential buyers, but if your house requires a lot of repairs, this may put off potential clients so the sale process might take longer. On the other hand, if you are selling your house after a fire and need to move on fast, contacting home buyers who specialize in buying fire-damaged houses would be a more convenient option. Homebuyers can easily offer cash in exchange for your damaged home, so this is more a viable option if you are selling in a time-crunch.

Highlight Your Home’s Best Features

If you want to get the best value out of the house you are trying to sell, you have to highlight its best features. What will attract potential buyers and boost your home’s selling price is your property’s strong points after all. Is your home situated in a prime location? Does it have a spacious garage? Listing down what your home can offer will make it more valuable and its selling point stronger.

Check Your Competition

Another factor you should consider is the current state of the real estate market in your location. Start by checking the listings within your area so you can compare prices. You will be able to adjust your pricing more efficiently if you know the price point in your area. This will also give you a better advantage on how to market your house better. What kind of photos attract more buyers? What features are lacking in the market? The best thinking about doing market research is that you will be able to come up with a better sales strategy in the long run.

Fix Your Home

You don’t necessarily have to do major repairs to your house to attract more buyers. Sometimes, small cosmetic changes can be beneficial. This includes cleaning up your lawn, replacing the carpet, putting new light fixtures, repainting the exterior, or just cleaning up your property by hiring a fire damage restoration company. After all, a fully damaged house will not seem very appealing to customers. When you decorate or maintain the physical aspect of your house at least, your buyers will be able to focus more on the value of your house rather than the cost of the repairs.
Selling a damaged house may be hard at first, especially if it needs major repairs. Plus, there are several factors to consider when selling your property, which can make the entire process even more overwhelming. However, through careful planning and smart decision-making, you will be able to close a deal in no time.