If you need to sell your house but it’s in poor condition, you probably have a lot of questions or concerns. Don’t worry—this article will guide you through the process of how to sell a house that has many problems. While the challenge of selling a house that needs a lot of TLC might seem daunting, with the correct approach and strategies it can most certainly be done. 

Selling a home in Milwaukee or surrounding areas can be a time-consuming and discouraging process. However, at Fair Deal Home Buyers, we help make the process easy and hassle-free without worrying about making any repairs. We buy houses in Wisconsin in "as-is" condition and pay all cash - no hidden fees or strings attached.

Learn how you can sell your Milwaukee house fast to us exactly as it is, in as little as 7 days.

Assess Your Home’s Current State

The first thing you should do is understand the current state of your property. Figure out the extent of repairs and renovations your house needs so that it can go on the market. Then, hire an inspector or appraiser to evaluate your home’s structural integrity, electrical systems, plumbing, and other important aspects of your house. By doing this you will get a clearer picture of what work lies ahead. 

Set a Realistic Renovation budget

Once you have assessed the amount of work that needs to be done, you should set a budget for renovations and repairs that you can afford. To do this, calculate the costs required to fix major issues, such as roof repairs, foundation problems, and outdated interiors. Remember, investing in your property now can lead to higher returns when you sell.

Prioritize the Repairs

Not all repairs are created equal. Some are cosmetic and less expensive while others concern the structural integrity of your home and usually cost more to repair. It’s recommended to start with the structural problems first. After that, if you still have money left over, consider cosmetic improvements in rooms such as your bathroom(s) and kitchen. This will enhance the perceived value of your property.

Hiring contractors

After you budgeted and prioritize your repairs you also need to considering taking into account that you need to deal with contractors and take in to consideration that working with contractors sometimes things don't go as smooth as you plan, the contractor needs to be managed a rule of thumb is if the contractor budget is super low bid you will probably need to manage them closely essentially you get what you pay for but it is very important aspect of fixing up a property to remember. 

Marketing and Online Platforms

Now that your property is on its way to being transformed, be sure to document the improvements you’ve made so you can showcase the potential your house has. Make sure to use high-quality photos that can really show the before-and-after transformations. Also, remember that nowadays it’s crucially important to reach as wide an audience as possible—and social media and other online platforms can help you do that. 

Emphasize the Potential

When marketing a house that was previously in poor condition, it's essential to emphasize the potential it now offers. Showcase the transformation, highlighting how the property has been revitalized and made ready for a new owner to move in and enjoy. Buyers are often attracted to the prospect of a "blank canvas" they can personalize.

Consider a Realtor 

Navigating the real estate market can be complex, especially when dealing with a house in poor condition. Odds are, a realtor will suggest that you invest money into your house to fix the problems. Or you will have to price it in such a way that home buyers who are looking to move in will have to oversee the repairs and it will be a great deal for them that is so much below market value that it will have to make sense. The issue with selling through realtors in the mls is that many buyers have no idea or understanding on how to price renovations and the price that they will need to pay to fix the house many times is astronomical and will not make sense that they will have to buy it in such a low price or won't consider the house on top of this you’ll have all the standard commissions and fees you'll need to pay to the realtors and closing costs that you need to make sure you factored these into your math But this itself is a problem if you don’t have the money or time to for renovations and repairs.  

Selling “As Is” to a Cash Buyer

The easiest way to sell a house in poor condition is to sell it “as is” to a cash buyer. Most cash buyers do not care what condition your property is in. This is how companies who buy houses for cash thrive and make their money, they build the equity into the property. If you need to sell fast, or if you don’t have the money to invest in expensive repairs and renovations, this option can be a lifesaver. When you sell to a cash buyer, in most cases you won’t have to pay any commissions or closing costs. It’s the easiest and fastest way to get rid of your damaged home.

The Bottom Line

Selling a house in poor condition might present its challenges, but with the right approach, it's entirely possible to turn things around. By assessing the property, setting a budget, prioritizing repairs, and leveraging strategic marketing, you can enhance your house's appeal and attract potential buyers. Remember, the transformation you achieve can significantly impact the selling price and the overall success of the sale. So, get ready to see your property shine on the real estate market!