The real estate market is looking good for homeowners in South Carolina who are trying to sell their property. However, that does not guarantee that your listing will be flocking with buyers. Apart from the investors, a huge chunk of buyers are people looking for a place to call home. That means a property that requires little to no repairs and renovations. This can be a bad thing if your property in Greenville, SC has code violations.
But just because your home has code violations does not mean it is impossible to sell your property. Homeowners are required to disclose any defects a house has, but that doesn’t necessarily have to be a turn-off when you’re using the right strategy. Here are a few tips to sell your property in South Carolina if it has any code violation.
Check With A Real Estate Agent
Sellers are required to disclose defects, and failure to do so can cause delays in the sale of your property. If you want to avoid most of the grunt work of selling a house, you can hire a real estate agent to do the work for you.
However, this will come at a cost. On average, real estate agents earn around 5 or 6 percent of the house’s sales price as their commission. It may not seem like a big number, but when you add up all the hidden fees on top of their commission, it’s a significant chunk taken out of your profit.
Fix The Code Violations
Your first option is fairly straightforward: before listing your property, pay for the repairs and renovations to bring your property up to code. The biggest advantage of doing this is that you’re making your property a serious competitor against other properties because you’re providing a house that requires less elbow grease on the buyer’s part.
And you can justify increasing your property’s selling price to offset the additional costs incurred.
The downside to this, naturally, is that you’ll be spending money on the repairs and renovations. If you’re pressed for time and looking to sell your house fast, spending time and money on renovations seem like a setback. And even with the renovations, there’s no guarantee that buyers will be quick to give an offer.
Lower The Selling Price
If you do not have the funds or do not want to pay for repairs and renovation, you may have to consider reducing your property’s selling price or be open to negotiation. Some potential buyers are going to look at the defects of your property and claim, “Since I’ll be shouldering the costs of this house’s repairs, it doesn’t make sense that I’ll be paying the full selling price” or something along those lines.
If you’re not keen on lowering the price in this case, the property can be off-putting for buyers as a) there are other houses on the market that do not have code violations; and b) they will have to assume responsibility of these code violations, which will cost them additional fees on top of the additional expenses of buying a house.
Go With A Cash Home Buyer
Cash home buyers like us at Sell My House Fast is your best bet for selling houses in Greenville, SC with code violations. We buy houses in Greenville as-is, meaning we buy your house even with code violations. This means you do not have to spend on repairs and renovations.
Think of this option as the better alternative to our first three options. Rather than hiring a middle-man to advertise your properties in the right channels, you can simply sell your home directly to a cash home buyer. You do not have to spend on renovations and repairs as professional home buyers buy homes in all states. And you do not necessarily have to lower the price as we offer competitive prices to purchase your home in its state.
Even in a seller’s market, selling a house can be difficult for property owners whose houses have code violations. For those who need to sell property fast should consider selling their homes as-is to do away with the expenses and tasks that come with the usual way of selling a house on the market.
Contact us today to get a competitive quote on your property.