How to Get an Old House out of Your Hair in a Hurry
Posted by Amitava Sarkar on October 26th, 2016
Finding yourself stuck with a property you don’t want can raise a plethora of financial issues and trigger considerable stress. Paying property taxes and footing repair bills for a residence you’re ready to be done with is guaranteed to put a strain on your savings and give way to sleepless nights. Situations like this often arise when people inherit properties they are unable to afford to adequately care for. These situations also come about when homes simply become too expensive for their owners to remain in. Regardless of why you’ve found yourself saddled with a dud property, you can take solace in the fact that there’s a light at the end of the tunnel.
If you’re ready to wash your hands of an unwanted property, there are a number of ways to go about extricating yourself from the situation. Although you may not recoup your financial losses in full, putting the following tips into practice will enable you to rid yourself of an inconvenient residence in a timely and stress free manner. Even if you have to weather a small fiduciary loss, getting rid of an unwanted property will ultimately free up a considerable amount of time and money.
Look for a Cash Buyer
If you’re determined to sell a property as quickly as possible, reach out to local cash buyers. Although this isn’t the case with every cash buyer, most of these individuals specialize in flipping homes that are in poor condition and selling them for a handsome profit. As such, cash buyers are often just as eager to buy as you are to sell. It should go without saying, however, that not all cash buyers are created equal. Some of them are dead-set on paying as little as possible for properties, regardless of their condition. Alternatively, cash buys like Dallas-Fort Worth Metroplex-based DFWSellFast are known for offering fair prices and closing deals in a matter of days.
Get Serious About De-Cluttering
If you’re interested in going the traditional home-selling route, it behooves you to start de-cluttering as soon as possible. As any season realtor will tell you, when touring new homes, prospective buyers like to imagine what their lives would be like in those residences. However, seeing a home that’s packed to the brim with the current owner’s belongings can make it difficult for buyers to envision themselves there. With this in mind, complete several large rounds of de-cluttering before opening the home up to tours. If you don’t have any friends or relatives who have room for your things, look into renting a storage locker.
Focus on Affordable Improvements
Even if being unable to afford costly repairs is among your primary motivators for selling the property, putting a little bit of money into the home may ultimately increase your chances of selling. For example, slapping a fresh coat of paint on the exterior can significantly boost a house’s curb appeal. Additionally, if the yard has seen better days, it may prove beneficial to consistently cut and water the grass and plant a garden. In the interest of de-cluttering, the lawn should also be bereft of toys, garbage and all other forms of clutter.
Being stuck with a home you inherited or can no longer afford can be aggravating, to say the least. Fortunately, the situation is by no means hopeless. If you’re tired of allowing a property you don’t want to gobble up your time and money, the previously-discussed pointers are sure to prove useful.
About the Author: Janet Schmidt is a botanist who resides with her family in the Dallas-Fort Worth Metroplex. When she and her husband were looking to sell their home in a hurry, they enlisted the aid of DFW Sell Fast, who offered them a generous price for the property.