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Our house is really rundown - how can we sell it fast?

  • July 13 2010 - Town of Avon
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Answers (7)

It has been 35 years since I've been a first time buyer, but back then, in Massachusetts, buyers like me loved run down houses because that is all we could possibly afford.
  A run down, tired old house was golden back then when everyone but VA buyers put down 20% down or more, and lenders cared less about condition issues.
We eager, youthful buyers fixed up our houses and made some sweat equity.... which very commonly created at least some wealth for us.

Today, affordability is still a problem, but complicated by more stringent lending requirements specifically on condition.  This pushed more buyers into more stringent lending and so pushes them away from houses needing lots of work.  Times have changed.  

Most sellers to day are probably well advised to make the house right before an attempt at selling or face a thin market.

 
  • July 14 2010
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The best way to sell it quickly is to price it properly, contact your agent.
  • July 14 2010
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As a real estate professional for 20 + years, if you where my client I would instruct you to keep reducing the price until we got an acceptable offer on the property. 
  • July 14 2010
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Find a local Realtor that works with contractors or rentals.  They can market your property to contractors who might buy your home to fix up for profit or to landlords who are looking for new rental properties.
  • July 13 2010
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Profile picture for Bob18781
Seeing Darrell's comment reminds me that some people will choose to have a home inspection before they list or otherwise attempt to sell their property...
  • July 13 2010
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Profile picture for ABBAUSA
Contact a Realtor© and allow them to derive the correct current price based on your properties condition and market conditions.

I usually tell my sellers that if they are not able or willing to make repairs they will be giving up more than the cost to have the property repaired and ready to market.

If you can make some repairs, if you can't plan on giving up some of your equity.

Good Luck!

James Callas - Realtor®
  • July 13 2010
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Hi msame
  Get a reputable local agent to list it properly, according to its condition!
  • July 13 2010
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