Everything You Need to Know About Selling a Fixer Upper in Dallas

It’s a buyer’s market out there, which means that selling a fixer upper in Dallas is even more challenging than it should be. Buyers want a lot for their money and most people don’t want to spend more time and money on home repairs. So, how do you sell your home when it’s a fixer upper?

How to Sell a Fixer Upper in Dallas

• Focus heavily on the positives – Is your home in a good area for families? Are there great schools nearby? What about easy transport routes for work? Is the area up-and-coming so it’s likely to increase in value as an investment? Do you have a really big yard or other desirable features? By moving the focus away from what’s wrong with a property, you can help buyers really see the potential and tick off a lot of other boxes on their list. It’s all about uncovering the real value of your home and property.
• Figure out your target market – Different types of buyers need different homes, so it’s important to figure out just who would need a home like yours. For example, an apartment could be better suited to first-time buyers, couples or property investors who want to buy-to-rent. A home with a yard would be more appealing to couples planning a family or who already have kids.
• Get to know the fixer-upper market – They’re more challenging to find but there are buyers out there specifically looking for fixer upper homes and properties, either to remodel and sell for profit, or to buy as a rental investment. It’s important to market your property directly to these groups rather than people who are looking for a home that’s move-in ready. It will save you time and effort by representing your home honestly and clearly, as well as attracting those buyers who are looking for a project.
• Be realistic about the value – This is often the most difficult part! Most people are emotionally attached to their homes and this makes coming up with an accurate value difficult. Often, we also have a figure in mind that is more about what we’d like to get for the property (for example, to move into the home of our choice, pay off the mortgage or get out of foreclosure) rather than the actual value of the home. It’s a good idea to call in various local estate agents and get several independent valuations of the property so you get a clear idea of where you can price it for the market. This is especially important for fixer uppers, as buyers are looking for a bargain.

Should I Rather Fix Up My Home or Stick with Selling as Is?

This is a common dilemma for almost every seller – do you spend money to try fix up your home or should you leave it for the next owner to do?

The reality is that the returns from home remodeling and repairs are often so minimal that it simply isn’t worth it. Many homeowners either put too much money into high end remodels (usually in the kitchen and bathrooms) so they actually lose money in the sale, or they try to do it on too small a budget, so the results don’t have the appeal that buyers are actually looking for.

In the case of a house that needs major repairs (holes in walls, leaks, damp, electrical issues or structural issues), a new coat of paint isn’t going to be enough – fixing it properly will cost a fortune. In these cases, it’s better to price your house low to attract multiple offers from contractors and house-flippers who can then bid on the property. It does mean taking a chance that you either won’t find a buyer, that finding a buyer will take many months or that your property will sell below market value.

So, what’s the alternative? You don’t want to lose money repairing or remodeling, and you don’t want to be stuck with your house on the market for months only to sell at a low price.

How Can I Sell My Fixer Upper in Dallas Fast? Our Team Can Help!

Our team can make you a cash offer on your home today, making selling as is easy, simple and quick! If you’re selling as is, we’re happy to buy it – and we offer a fair, market-based price too. Here’s how our process works:

• You enter your information on our website
• We’ll contact you directly to discuss an offer for your property (you can also get a free property evaluation from our website)
• You can accept or reject the offer
• You can also call us directly on 469-858-0088

Whether you want to get out of foreclosure, free up your money to make an offer on a new home, sell as part of a divorce proceeding or simply want to avoid realtor fees in Texas, our team can help you out. With our process, you can sell your house in less than 24 hours.

The Easy Way to Buy and Sell Homes in the Dallas and Fort Worth Area

At Shiny Key Properties, our trained consultants have years of experience in helping motivated sellers, as well as helping buyers find a fixer upper in Dallas to fall in love with. To find out more about our cash for houses service or to look at homes for sale, please contact us today and speak to one of our friendly team members.