Reviewed by: Brandon Brown

In the world of real estate, selling a fixer upper holds its unique set of challenges. If you find yourself wondering how to sell a fixer upper house fast, you’re in the right place. With a mission to provide clear, approachable, and thorough guidance, FlipSplit is dedicated to assisting homeowners like you in seamlessly navigating the selling process. This comprehensive guide will walk you through various tried-and-tested strategies ensuring your fixer-upper finds the right buyer in no time, all while fetching you a fair price.

Assessing Your Fixer-Upper’s Selling Potential

Before jumping into the selling process, assess your fixer-upper’s potential. Every home, regardless of its wear and tear, possesses unique characteristics that can be highlighted to appeal to a distinct buyer demographic. By marketing these, you not only stand out in the marketplace but can also potentially command a higher asking price. Additionally, an expert in real estate can provide invaluable insights through an official property assessment. This assessment will delineate essential repairs and upgrades, while also shining a spotlight on your home’s unique selling points. Wondering how to make your fixer-upper shine in the market? Consider these practical pointers:

• Show Off Architectural Gems: Got original crown moldings or hardwood floors? Dust them off and let them take center stage.

• Share Your Home’s Tale: Every old house has a story. Maybe it’s grandma’s house or a historic gem. Share the tale, and you might just tug at a buyer’s heartstrings.

• Spruce Up the Outdoors: A neat garden or some fresh flowers at the entrance can make folks fall in love at first sight, even if the inside needs a bit of TLC.

• Help Buyers Dream: Give potential buyers a peek into what the home could look like after some love and care. This could be with some digitally enhanced photos or even sketches of possible upgrades.

• Be Open with an Inspection: Doing a home check before listing? Share the findings. It lets buyers know what they’re getting into, building trust from the get-go.

While a fixer upper home might have its set of challenges, with the right strategy and perspective, it can be transformed into a desirable listing that resonates with the right audience. Remember, it’s all about showcasing the potential beneath the rough exterior.

Budget-Friendly Enhancements to Attract Buyers

While getting a house ready to sell can be overwhelming—especially when thinking about all those pricey upgrades—it’s often the budget-friendly tweaks that make the biggest difference. You see, a prospective buyer today isn’t just looking for luxury; they’re hunting for potential. They’re asking questions like “Does a pool add value to your home?” or “Do new appliances increase home value?”. And while big-ticket items can surely boost your home’s value, sometimes it’s the little things that count. Let’s take a look at some wallet-friendly improvements for your property:

1. Fresh Paint Works Wonders: Never underestimate the power of a fresh coat of paint. Whether it’s brightening up a room or giving your front door a pop of color, paint can breathe new life into spaces without costing a fortune.

2. Declutter and Deep Clean: Sometimes, it’s not about what you add, but what you take away. A decluttered space looks bigger and more inviting. Follow it up with a good deep clean, and your house will feel refreshed and ready for visitors.

3. Garden Glow-Up: Trim the shrubs, mow the lawn, and maybe even plant some bright flowers. First impressions count, and a neat garden is an easy way to win hearts.

4. Small Upgrades, Big Impact: Think about updating old doorknobs, light fixtures, or even faucet handles. These tiny changes can modernize your space without draining your savings.

5. Staging with What You Have: Rearrange your furniture to showcase the space and functionality of your rooms. You’d be surprised how moving a couch or adding a rug can redefine a room’s appeal.

Keep in mind, when prepping your home for sale, it’s all about showcasing its potential. You don’t need to burn a hole in your pocket to make your house look and feel welcoming. With a few strategic touches, you can present a space that beckons buyers to imagine their best life within its walls.

Strategic Repairs and Upgrades for Maximum Impact

Alright, let’s talk strategy. In the grand scheme of selling a house, especially a fixer upper home, it’s not about fixing everything but rather fixing the right things. Every home has its quirks and charm, but the key is to identify which repairs or upgrades would give you the most bang for your buck. This isn’t just about making the place look good (though that’s a bonus!); it’s about making strategic changes that can significantly elevate your home’s value. You want your home to not just catch a buyer’s eye but to also make them think, “Yes, this is the one!” And let’s not forget the outside! Ever wondered, “Does landscaping increase home value?” Well, as it turns out, a home’s value can increase by as much as 15% with a properly executed landscape design, according to a 2018 study out of Virginia Tech.¹ Now, rolling up those sleeves, what is the best way to sell a fixer upper house?

• Floors First: If your hardwood floors have seen better days, giving them a refinish can dramatically transform the look of your entire home. Shiny, well-maintained floors can make any space feel more luxurious and cared for.

• Kitchen Tweaks: You don’t need a full remodel to make a kitchen shine. Sometimes, just updating cabinet handles, a new backsplash, or modern light fixtures can make the kitchen feel brand new.

• Functional Fixes: Remember, it’s not just about beauty. Upgrades like improving insulation, fixing any plumbing issues, or ensuring all electricals are up to code can be a huge selling point.

• Curb Appeal Counts: Think beyond the walls of your home. A manicured lawn, some lovely shrubs, or even a freshly painted fence can elevate your home’s first impression. And with stats suggesting significant value addition through landscaping, it’s an avenue worth exploring!

• Highlight and Boast: Once you’ve made these strategic repairs and upgrades, make sure they’re highlighted in your listing. Whether it’s the brand-new kitchen backsplash or the revamped garden, let potential buyers know about the special features your home offers.

When prepping your fixer upper property for sale, it’s not about the most extensive repairs but the most strategic ones. A thoughtful approach, focusing on value and appeal, can make your home stand out in the crowd, ensuring you get the best offers rolling in.

Effective Pricing Strategies for a Faster Sale

Now, you’ve put in the elbow grease, done the necessary tweaks and repairs, and you’re ready to put that “For Sale” sign up. But here’s the million-dollar question: “What’s the right price tag for my fixer-upper?” Nailing down the right price is more of an art than science. Price it too high, and you’ll hear crickets. Too low, and you might be short changing yourself. Getting the price spot-on can mean the difference between your property sitting idle on the market or getting snapped up in a flash. So, how do you strike that perfect balance? Here are some pointers:

1. Do Your Homework: Start by investigating the prices of similar properties in your neighborhood. These “comparables” will give you a ballpark figure to aim for.

2. Factor in Repairs: If your fixer-upper needs a bit more love, adjust the price to reflect this. Remember, buyers will be thinking about the cost and effort of potential repairs.

3. Stay Updated: Markets change. Stay updated with the latest trends, demands, and pricing strategies. A month in the real estate world can make a difference, so keep your finger on the pulse.

4. Consider a Professional Valuation: Sometimes, getting a professional to assess your property can offer insights you might not have considered. They can pinpoint unique selling points or suggest minor changes for a big impact.

5. Flexibility is Key: Be prepared to negotiate. Having a little wiggle room in your price can help seal the deal faster, especially if a potential buyer is on the fence.

6. Highlight Value: When pricing, don’t forget to emphasize the value your property brings. Whether it’s a strategic location, a recently refurbished kitchen, or a spacious backyard, make sure potential buyers know what they’re getting.

Pricing is more than just slapping a number on your property; it’s about understanding its value, considering the market, and appealing to the right buyer. With the correct strategy in place, you’ll have potential buyers knocking on your door in no time.

Negotiations and Addressing Buyer Concerns

Equip yourself for negotiations by understanding the ins and outs of your fixer upper property. Be transparent about the condition of the house and willing to make concessions for necessary repairs highlighted during a home inspection. Addressing buyer concerns promptly and honestly builds trust, smoothing the pathway to a quicker sale.

1. Thorough Knowledge of Your Property: Understand every corner of your fixer-upper, from the age of the hardwood floors to the condition of the roof. Familiarize yourself with the property’s strengths and weaknesses to answer questions with confidence and assurance.

2. Honesty is the Best Policy: Be forthright about the condition of your property. Honesty lays a foundation of trust, assuring potential buyers of your integrity and reliability.

3. Be Prepared for Home Inspection: Expect and prepare for a thorough home inspection. Ensure you know the likely repairs and their costs. Be ready to discuss these openly and factually with potential buyers.

4. Promptly Address Concerns: Quickly and clearly respond to all inquiries and concerns. This display of responsiveness and transparency will foster a smooth and amiable negotiation process.

5. Flexible Concession Strategies: Be open to making concessions for necessary repairs or adjustments highlighted during the home inspection. A willingness to cooperate emphasizes your commitment to a fair and beneficial deal for both parties.

6. Professional Evaluation: Consider obtaining a professional evaluation of your property. An unbiased assessment helps in setting realistic expectations and fortifying your position in negotiations.

7. Showcase the Potential: Highlight the potential of your fixer-upper. If questions arise regarding renovations or repairs, provide suggestions on how the property can be transformed, illustrating its potential and underlying value.

8. Discuss Comparable Properties: Have information about comparable properties in the neighborhood at your fingertips. Providing this data assures buyers of the fairness in your pricing and strengthens your negotiation stance.

Incorporating these strategies will equip you effectively for negotiations, ensuring you’re well-prepared to address any buyer concerns with clarity and confidence. Remember the importance of a fair cash offer, and be ready to make decisions that push the deal toward a timely close, ensuring both you and the buyer step away satisfied and content.

Leveraging Online Platforms and iBuyer Interest

In today’s digital age, online platforms and iBuyers play a significant role in how to sell a fixer upper house fast. iBuyers can provide a quick sale, often making an instant cash offer. Embracing the digital landscape can be a game-changer in propelling your property in front of a vast array of potential buyers. Below are some aspects to consider and strategies to employ when leveraging online platforms and to peak iBuyer interest:

1. Understanding the iBuyer Process: iBuyers, or Instant Buyers, utilize advanced technology to make a quick assessment and often extend an instant cash offer for your property. This process significantly shortens the time it takes to sell your house.

2. Appealing to iBuyers: Speed and convenience are the hallmarks of iBuyers like FlipSplit. You can sell your fixer upper house fast, sidestepping the traditional hurdles of listing, showing, and waiting for offers. The streamlined process reduces the hassles and time spent in closing the deal.

3. Balancing Pros and Cons: While the prospect of a swift sale is appealing, it’s essential to weigh the benefits against the drawbacks. The convenience offered by iBuyers may sometimes come at the cost of a slightly lower selling price compared to the traditional market. At FlipSplit, our offers are always at fair market value, and we split the profits with you at the end.

4. Evaluating Offers Objectively: Thoroughly assess the offers received from iBuyers. Conduct a comparative analysis against traditional real estate market prices to ensure you’re making an informed decision that aligns with your expectations and goals.

5. Navigating Online Platforms: Utilize online platforms to boost the visibility of your fixer upper. List your property on multiple real estate websites, use high-quality photos, and provide comprehensive details to attract potential buyers.

6. Employing Digital Marketing Strategies: Harness the power of social media and online advertising to spotlight your property. A targeted digital marketing campaign can significantly amplify your reach and attract a plethora of potential buyers.

7. Open to Multiple Avenues: Stay open to the diverse opportunities presented by both iBuyers and traditional online platforms. This will ensure you do not miss out on any potential buyer, offering a greater chance for a speedy and profitable sale.

Embarking on the digital journey, with a reliable partner like FlipSplit by your side, can be an empowering selling experience, so make the most of the online platforms and iBuyer interest to ensure your fixer-upper finds the right buyer.

Begin Your Smooth Selling Journey

Remember, selling a fixer upper doesn’t have to be an overwhelming undertaking. Implement the discussed strategies to boost your property’s appeal and reach the ideal buyers efficiently. Let your house’s charm and potential shine, and brace yourself for a triumphant sale. And there’s always the effortless alternative: selling your house to an iBuyer like FlipSplit. This option eliminates the need for extensive preparations and repairs, offering a straightforward and quick selling process. Simply provide your property details, receive and accept a fair cash offer, and complete the sale in just a few weeks. iBuyers like FlipSplit take on the repairs, letting you move forward without the hassle of getting your house market-ready. Opting for an iBuyer ensures a streamlined selling experience, letting you focus on your next life chapter without the worry of prepping your house for the market. Embark on this journey with FlipSplit by your side, ensuring a smooth and rewarding experience every step of the way. Ready to get started? Request an offer today!  

Sources:

1. “The Effect of Landscape Plants on Perceived Home Value.” Www.pubs.ext.vt.edu, www.pubs.ext.vt.edu/426/426-087/426-087.html

Reviewed by: Brandon Brown

As a long-time Asset Manager, Investor, Real Estate Agent, and Broker/Owner of BayBrook Realty in Orange County, Brandon Brown is one of FlipSplit’s lead Real Estate experts. Having worked on over 2,000+ real estate transactions, Brandon brings a depth of knowledge that ensures clients are appropriately treated with honesty and integrity. His insights and advice have been published in numerous blogs beyond FlipSplit, and he keeps a close eye on market trends and statistics, which are updated weekly on his social media pages. Outside work, you can find him participating and serving at church, cycling, mountain biking, surfing around Orange County and beyond, and enjoying time with his wife and two daughters.