Even the most well-built houses wear down and need maintenance. You may not have the money you need to upgrade your house. Or you’ve decided to sell your house and move on.
If you choose to sell your old house the traditional way, you will have to update it to compete with other home sellers. If you want to bypass a traditional home sale, you can sell your old house as-is for cash to a company that buys houses in Detroit, Michigan. Selling an old house in poor condition as-is is a great way to put some extra cash in your pocket without making repairs.
What Is a House in Poor Condition?
Poor condition can mean your house has one or more problems, such as
- Animal infestation
- Extensive black mold growth
- Weather damage
- Structural issues
In the real estate market, a house listed in poor condition may have issues such as an overgrown backyard, peeling paint, outdated features, stained tiles, or cosmetic flaws. These problems may not be as severe but can still prevent you from selling your house as-is.
Why Can’t I Sell a House in Poor Condition?
There are several reasons why you may not be able to sell a house in poor condition.
Today’s Buyers Want a Move-In Ready House
Today, fewer house buyers are interested in purchasing a fixer-upper. They would rather have a house in near pristine condition and move-in ready. A house in poor condition can easily raise a red flag.
Repairs and Upgrades Cost Money
Many buyers want to add a home improvement loan to existing mortgages. If they have to spend more money on the house, they will likely find a property that doesn’t require expensive repairs. Or they will sink their money into a nicer house.
The Price Is Too High
One of the most common mistakes sellers make is thinking too highly of their property and listing it for higher than its worth. If the price of your house is too high, sellers won’t even bother to look at it.
Can I Still Sell My Michigan House if It’s in Bad Condition?
If you attempt a traditional home sale, you may be able to sell your house. However, the buyer may stipulate that you have to make the necessary repairs or upgrades before they buy the house. Once you spend thousands of dollars to make the house sellable, you may not profit from the sale.
If you want to get out of the house or mortgage, the best way to sell your house is to sell it to a home buyer in Detroit, Michigan. A cash sale gives you more flexibility to sell your house without making repairs or upgrades. The buyer agrees to buy the house regardless of its condition. You may not have to schedule a home inspection before the sale.
How Do I Get Started with a Cash Sale?
The best way to sell your house for cash is to find a company that buys houses in Michigan. You get a pre-qualified buyer already committed to purchasing your home when you work with a company. So, there is less hassle.
The buyer will look at your house and make a fair cash offer. If you accept the offer, you schedule a close date, sign the paper, and walk away. The buyer will agree to pay up to 100 percent of closing costs. You don’t have to hire a real estate agent or realtor commissions.
Sell Your House in Poor Condition to M1 Home Buyers
If you have a house in poor condition and want to sell your house fast, contact M1 Home Buyers. We can make an offer on your house and close on it in as little as seven days. Call 248-397-5800 to get a fast cash offer.