Selling Your House Takes Preparation
Planning to sell your home in Kelowna is much like selling your home anywhere else . It is a good idea to have a plan and to follow it
If you are looking for some tips on how to prepare for selling your home, either privately or through a reputable and professional realtor, you might find yourself in a situation where your home is in need of minor maintenance or repairs before you put it on the market. You might also lack the necessary financial funds to hire a professional contractor to perform the needed repairs. Perhaps you have already been online, reading and searching the customer reviews of electricians, carpenters, and plumbing experts but can’t seem to find any that you can afford.
There are some other options available that you may not have considered.
Get Creative in the Advertising of your “Fixer-Upper”
Especially in older homes of historic significance, there are many people out there who would love to purchase a fixer-upper. You might find a professional contractor or realtor who is interested in buying the property, repairing the maintenance issues privately, and then turning the home around to sell it for a healthy profit! This is called “flipping”, and this technique is once again gaining in popularity since the housing market crash of 2008 has begun to slowly recover.
Get Creative in Offering Financing Alternatives to Potential Buyers
You never know! You might find an interested party who just happens to have a love for old Victorians, for example, but they may lack the additional financial overhead that is immediately required to hire the outside contractor who can finish the job. You can give them some help by offering “owner financing”. Why not work out a payment plan that will get the older home off of your books, save your potential buyer some real estate agent commissions, allow them to use the savings for needed repairs and upgrades, and permit them to buy the home of their dreams, all at the same time?
By using “owner financing” instead of the more traditional methods of mortgages and bank loans, you can also save both parties some big potential headaches. This can cut down on a lot of the “red tape” that the big banks often require, items such as employment history reviews and extensive background checks. But if you are not highly experienced in the skillful art of negotiation, hiring a professional realtor with their massive network of financial lenders might still be your best option.
If you are thinking about selling your home in Kelowna, let us sit down and discuss your options. Call or text me anytime
Andrew Smith 250-979-8066