Unfortunately for owners of fixer-uppers, most buyers search online for properties they can move into immediately. As a result, the likelihood is high that they will scroll right by a listing that doesn’t present well. Sellers understand they are up against a severe challenge when the inspector arrives and often spend restless nights awaiting the report.
The inspection results may cause the buyers to back out or request you allow credit for the repairs, often with exorbitantly high estimates, further depleting your profits from the sale. When you’ve got a property that needs repairs or total rehabilitation, the situation will likely only get worse as repairs on the property are delayed, increasing costs tremendously.
There comes a time you must finally put an end to the suffering. The exit strategy you use can make a massive difference in the outcome and the amount of cash you walk away with after the closing. So read on as we explore what to do with your costly Lynchburg fixer-upper property.
FSBO
FSBO or for sale by the owner is another option if you have a Lynchburg VA fixer-upper property that has become too costly to hold. You’ll need to sell as-is for cash. This option is often attractive because listing as an FSBO doesn’t involve paying thousands in real estate commissions, leaving more profits for yourself. However, while it sounds good in theory, regrettably, it rarely works to your advantage to sell on your own. You’ve taken a loss from the start, FSBO homes tend to sell for 26 percent less than those listed with an agent, and the percentage of FSBO home sales has slowly declined and now only accounts for 7 percent of market sales. One of the biggest mistakes you can make with your FSBO is to set your asking price too high or too low; either can cause your listing to linger. Before jumping into the market on your own, why not contact a local Lynchburg professional investor, like an expert from Linken Investments, who will detail the amount your home could sell for on the traditional market vs. the cash offer we make for your home?
Make Repairs
Of course, while time-consuming and costly, the most profitable way to sell a Lynchburg fixer-upper property is by completing the work and presenting the home in a renovated state. If this isn’t an option, you could instead do minimum updates and repair the most obvious damage. While television shows have made this undertaking appear as if it’s easy, you should hire professionals to ensure you aren’t causing further damage. However, before you begin, you should thoroughly understand the ARV, or after-repair value, to ensure the project is worth investing your time, energy, and finances. By reaching out to a direct buyer like those at Linken Investments who believe in total transparency, you’ll understand each figure used and precisely how your direct buyer reached the offer. Then, you can make an educated decision about what works best for your circumstances.
Traditional Listing
A money pit may be all buyers see as they scroll through listings and see your Lynchburg fixer-upper property. You can expect lowball offers, as the buyer will sign off on taking on all of the risks of unseen damage or structural issues as they dig deeper into the project. You will be required to complete a disclosure form, despite the as-is status of your listing, it’s best to be upfront about the issues you’re aware of while pointing out all of the positives about the property. It’s best to provide full disclosure and face the problems head-on, avoiding unnecessary costly legal conflicts down the road. On the other hand, should you decide to sell directly to a local buyer like those at Linken Investments, we’ll take on all the risks of the repairs. And unlike a traditional listing, you won’t pay commissions or closing costs. And you’ll have a guaranteed closing date to plan your move, often in weeks. Now, relax; if that’s moving a bit too fast, Linken Investments is flexible on the closing date.
Linken Investments, Lynchburg’s Trusted Home Buyer and Seller
The easiest solution is selling the house in as-is condition to Linken Investments for relief from the costs of your Lynchburg fixer-upper property, and an offer you’ll agree is fair. At Linken Investments, we do this because we are your neighbors here in Lynchburg, and we take great pride in our work; we want you to feel good about working with Linken Investments long after leaving the closing table. Call Linken Investments at 434-390-2906.
Linken Investments LLC. is a local real estate solutions company based out of Lynchburg, VA. We are Lynchburg’s Trusted Cash Home Buyers. We have been buying houses for cash in the Lynchburg area since 2005. We are also Licensed Realtors in the state of Virginia. Since we are a real estate investment company as well as a licensed and reputable real estate agent, we have multiple ways we can work with you to sell your home on your schedule and for the highest price.
Our years of experience are one reason clients trust Kenneth Mann to complete the sale of their property quickly with honesty and integrity. We’re a family-owned business and focus on helping homeowners like you find solutions to your problem whether you’re going through a foreclosure, selling an inherited property, or just need to sell your house fast for any reason. Linken Investments offers you the chance to sell your home in a simple, stress-free, cash transaction, or you can list the house with us. We’ll sell your Lynchburg area house at the highest possible price with our wide buyer network and the best marketing in Lynchburg.
Linken Investments can buy your home exactly as it is, no repairs or cleaning needed, and we pay all cash and close fast, in as little as 7 days or when it works for you. Plus, we don’t charge commissions, and we pay all closing costs. Think of all the time and money that can save you. There’s no easier or quicker way to sell your house and get on with the next chapter in your life.
It won’t cost you any money and only about an hour of your time to find out how much cash we’ll pay you for your house. And you’ll be under no obligation to accept our offer, so you have nothing to lose but a house that’s standing between you and the life you want to enjoy.
Give us a call or text anytime 434-390-2906 or fill out the short form here today!