Does the house you plan to sell in Albuquerque need some TLC, or maybe a lot of TLC? If you don’t have the time or finances to make repairs to your home before you sell it, then you need to know what to expect when selling a home in less than perfect condition. It may be a challenge, but definitely possible. You just need to do some research and understand your target market.
Be Realistic
Maintaining realistic expectations is key to selling a home in Albuquerque as-is. Usually a fixer-upper is a home that’s in overall good shape, but just needs cosmetic updates. Your home may also have more serious issues, such as with the plumbing, electrical, or foundation.
A good way to get a handle on expectations is to price out what needs to be repaired. You may be able to knock out some basic repairs before you put the home up for sale. This way you can know how to move forward.
If you’re having trouble deciding what repairs to make or if you should repair them at all, we can help you assess what needs to be done to make sure your home sells for the best price and in the shortest possible time.
Understand Your Potential Pool of Buyers
Understanding your potential buyers is important when selling a home that needs repairs.
One potential pool of buyers are investors or flippers. A flipper or investor buys a home at a low price, and renovates the property and sells higher. An investor can see through problems and they’re going to focus on potential.
There are also home buyers in Albuquerque who just need a good deal. If you live in a desirable neighborhood, these buyers may be willing to make the needed repairs in order to live where they want. Someone who’s a deal-hunter might be otherwise priced out of the neighborhood without buying the house that needs work.
Then, there’s a group of buyers who wants a project. They want to buy an existing home and put money into it to make it perfect for them.
Choose the Right Agent
Working with the right agent makes all the difference, no matter what condition your home is in. You need an agent who understands the Albuquerque real estate market and how to market a home that needs work.
Sandi Pressley and her team have been helping home sellers of all kinds in Albuquerque for decades to sell their homes and are the top rated agents in New Mexico.
Make Small, Impactful Changes
Even if you don’t want to spend big bucks on a full remodel, you can still probably make small repairs that will make your home more marketable.
Curb appeal is a factor every home seller should focus on. You can clean up your yard and get rid of clutter. Trim the bushes and limbs, and do some small projects that will give a better first impression. A home with good landscaping can be worth anywhere from 1% to 10% more than a poorly landscaped home.
Cleaning and decluttering inside is also important. Maybe your home isn’t modern, but if it’s clean and feels fresh, that goes a long way.
Other inexpensive repairs or upgrades you could make include re-caulking, fixing pipes that leak, and patching holes.
You can sell your home even if it’s not in the best shape. Contact Sandi Pressley and her team to see what they can do to help you sell your home today.
Make sure to join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Contact us today to help you buy or sell your next home in Albuquerque.
HOT HOME LISTING OF THE WEEK!
9423 MORROW Avenue NE, Albuquerque, NM 87112 $220,000
4 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1475 Square Feet
Excellent location across from SNOW PARK!! 4BDR/2BA/1CG! TPO Roof! New Swamp Cooler! Newly updated kitchen! Wood floors! Great room features cozy wood burning fireplace, wood floors and is open to the dining room. Beautifully remodeled kitchen featuring new cabinets, granite countertops, SS microwave & dishwasher, refrigerator, new tile flooring! Separate utility room and washer & dryer stay! Close to shopping, restaurants, parks, transportation and Uptown!
Contact the Sandi Pressley team for additional details!
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