Ready to sell a Phoenix fixer-upper property now? We’re here to help. It’s time to take action if you’ve jumped into the adventurous fixer-upper business or if you are burdened with a property that’s fallen into disrepair. Here are 4 ways to sell a fixer-upper property.
Traditional Listing
A real estate agent will be taking a piece of the pie when they sell your property. This is something that you will want to keep in mind when weighing the high costs for their services. This cost will lower the profit margin when you sell your fixer-upper property.
In general, buyers in Phoenix are searching for traditional real estate listings. They are seeking homes that are available immediately. Savvy real estate agents take advantage of the internet and digital technology available to them. There is an intense focus on curb appeal and staging properties, which will help them in making those property listings very attractive.
Don’t try to compete against these listings with a fixer-upper property. Your property will not get the attention it deserves.
Fix it Up
Do it yourself! Reality television has made it look easy to the masses to sell a fixer-upper property in Phoenix. There are many potential risks involved with a fixer-upper property.
If you need to bring the property up to standard, the costs may be overwhelming. The cost will depend on the amount of updating, repairs, or replacements needed, especially if you’re trying to meet the buyers’ demands for today’s homes, including technology.
Here’s the reality. You must know what you’re getting into with a fixer-upper property. If you fail to understand all that you are taking on, it can be a very expensive lesson. Unexpected discoveries can run into thousands of dollars. You also have to deal with the headaches of scheduling professionals. Making time to oversee the project, and the red tape of permits. You would be negligent not to have a professional inspection and appraisal done before embarking on this journey.
Sell on Your Own
While you’re trying to sell a fixer-upper property in Phoenix, the monthly overhead continues. It can take a long time to sell a home. Whether you choose to do so on your own or with a real estate agent. You will need to do your homework to bring your fixer-upper into focus for the right buyer. Price is a very important factor, it is crucial that you set the price at the right number. Getting this wrong can deter buyers before they ever give you a chance. You’ll need to cover marketing expenses and be available for showing the property. It’s also likely you’ll be working with buyers who are not experienced. When the sale price has already determined your possible profit, any changes can cost you in time and money. Due to many buyers’ lack of experience, the process can be very bumpy. The bottom line is that your profits on the set price will be melting away under your feet as they stumble along. Many buyers end up backing out of deals. When you have made plans for that potential income from the sale, it can be difficult to move forward.
Sell to Oak Street Properties
We can relieve you of the stress and expense to sell a fixer-upper property in Phoenix. We take the risks, buying as-is with a quick closing date. Information moves quickly in the real estate market.
As experienced real estate investors, we understand that the business requires a great deal of time. It also requires knowledge of the latest technology. With our winning marketing plan and through years of networking, we have access to financial and other reliable professional resources in the industry.
We’re intimately familiar with Federal, state, and local laws and as well as any updates to those laws. Running an investment business means you must continually educate yourself. Forms and other regulations can change and it is risky not to remain tapped into the resources which provide this information. Likewise, in order to win at the fixer-upper game, you need to know Phoenix listings like the back of your hand. Being familiar with listings on a daily basis is time-consuming but gives us the cutting edge.
We’re dedicated to staying on top of the game! Oak Street Properties is successful because we make it easy for our buyers and sellers! We’ll do the work while you’re enjoying your earnings! Make a wise choice and start working with Oak Street Properties. Send us a message or give us a call today to learn more! (480) 637-5500