If you own a house that is in bad condition, don’t fret.
In order to sell a house in bad condition in the Toronto area, you’ll need to be able to get in front of the right buyers. Many buyers are looking for a house they can move in to right away or rent out for investment. The idea of taking on a new property, that comes with damages, can seem very stressful and off-putting to many buyers. Your best bet will likely be finding the right investors who don’t mind taking on houses in bad condition. If you want to find out more about selling your house privately, here is a short guide. At GTA House Buyers, we are very experienced in fixing up properties and are happy to help if you’re selling a house in bad condition in Toronto.
Selling a House in Bad Condition – Your Options
Fix It
Quite obviously, if your house is in bad condition, you can fix it. This is likely going to be your best choice if you want to sell a house in bad condition for a price that is competitive with others on the market. That said, many people don’t want to spend a bunch of money or spend the time to renovate on a property they are selling without any guarantee of a return and go through frustrations trying to find the right trade to complete the renovation on time and on budget. Do you know anyone who has ever had a problem with a renovator? You probably do. There are a lot of great renovators out there. But many people have made bad decisions with the “fix-it” people they hire and have probably told you their unfortunate story.
List As-Is
Instead of spending money on repairs, you can choose to list your house as-is if you you’re interested in selling a house in bad condition. While you may be offering it at a fair price, if your average buyer sees pictures where the house looks bad, or sees that there are a number of repairs required in your property description, you might have some trouble getting enough attention to the property in order to sell it. It probably won’t be a home owner who buys your house anyways. An investor will likely be the end buyer after you go through all the hassle of putting it up for sale publicly.
Sell Directly
Typically the fastest and easiest way for selling a house in bad condition is to get it in front of an investor or a direct buyer. If you choose to sell to GTA House Buyers, we will buy as-is, potentially saving you thousands of dollars in repairs and time spent managing the repairs and waiting for a buyer. Plus, we are able to close very quickly so you can easily sell your damaged home in the Toronto area, and move on with your life!
[Here’s a video of a house we bought in bad condition.]
Ask Yourself These Questions…
How Much Do You Want To Spend Upfront?
When you want to sell a house in bad condition and if you have the cash upfront, you might consider fixing up the house and putting it on the market. This can require a good amount of time, and will not come with any guarantees. If you spend a fortune fixing a house in bad condition in Toronto, there is no guarantee you will get it back.
Who Is Your Ideal Buyer?
Is it realistic to fix up the property and put it on the market? Do you honestly believe that you will be able to find buyers when you want to sell a house in bad condition, willing to pay what you need? If so, and if you have the time to wait and find out, consider listing your Toronto house. Or is the condition so severe that your ideal buyer would actually be an investor, with the means to fix up the property? Many investors, such as the team at GTA House Buyers, thrive on fixing up homes in bad condition, and helping owners escape their damaged Toronto properties!
Owning a house in bad condition can be stressful. The repairs can be expensive and you can be held liable for any injuries that occur. If you are not able to make the needed repairs, it might be time to sell your house AS-IS. You don’t have to hire an agent. Learn more about selling a house in bad condition, so you can be rid of your troublesome property once and for all!