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Fixer upper for sale. please advise.

I have tried to sale fixer upper for the past 5 month because of financial problems. Any suggestions how to speed up this process at all?
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December 18 2008 - Raleigh
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Answers (7)

Profile picture for the_country_hick
Mike, be sure to look at the posted dates. This was posted 2 years ago.
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November 12 2010
Make sure the pictures are exceptional and the description of the property is accurate.  Want to make sure when you have showings, the buyers are have proper expectations.
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November 12 2010
When all else fails, and you have dropped the price to your absolute bottom line (without having to come to the closing table with money), a short sale might help.  However, it won't speed up the process.

But if your asking price is too high and you can't go lower, you might want to explore that option.

Click on my information above, and go to my website for further information on short sales.
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September 27 2010

Get an inspection and then get a quote from a licensed contractor to complete the repairs/renovations. Then price the home with the repairs included.

Often a buyer would be overwhelmed by the questions, "Where do I start?" and "How much is this going to cost?"

You must answer these questions up front.

Also, having a home inspection and a quote for the repairs/renovations helps the buyer to get a loan that will finance these items into their mortgage-- that way the buyer is not needing to use their own money upfront for repairs.

Two years ago my good friend was transferred to Texas. His home had sat on the market for nearly a year with another agent and was considering another price reduction to $130,000. I asked him let me have my contractor walk the property with me. We recommended $14,000 in improvements which included bathroom renovations and a completely new kitchen from in-stock items at HomeDepot. We listed the property during renovations for nearly $180,000. In the end the property sold for full price because the work was all included in the price.

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December 19 2008
Is your location good? Check the neighboring houses for sale and price it aggressively!!!
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December 18 2008
Price is defenitely the most important factor. Highligh the potential. A lot of buyers are looking for fixer uppers that appeal to them.
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December 18 2008
If you want it to be sold faster than the bank foreclosures fixers, then you need to out price them.
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December 18 2008
 
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