Selling a Fixer-Upper Home in Barnegat

By
Real Estate Agent with Keller Williams Realty - Atlantic Shore

Selling a Fixer-Upper Home in Barnegat

You might think it impossible, but you can be successful selling a fixer-upper home in Barnegat.

Selling a Fixer-Upper Home in BarnegatThough inventory is low, and most homes for sale in Barnegat are priced properly, buyers are still looking for bargains.  That buyer mentality translates to success in selling a fixer-upper home in Barnegat.

Selling a fixer-upper home requires a little more work on the selling end, but with the right REALTOR® that’s not a problem.

First, talk to a few REALTORS® that have had experience in listing or selling fixer-upper homes in Barnegat.  Once you have found a REALTOR®, identify the problems.  If you can, get a pre sale home inspection.  Then look at the problems.

Are they cosmetic issues like an outdated bathroom or kitchen?  Or are the home’s problems more substantial like nonfunctioning systems or a worn roof?  Identifying the problems will help to price the home properly and translate to a quick sale.

If the bathroom or kitchen is outdated and in need of a total gut job, those estimates are easy to obtain from any of the big box stores.  Get your estimates on a lower range rehab, and take that into account when pricing the home for sale.  Make those estimates available to home buyers.

Selling a Fixer-Upper Home in BarnegatIf you are selling a fixer-upper home in Barnegat that needs more substantial repairs like roof replacement and/or replacing nonfunctioning systems like central air conditioning you need to get some estimates from the professionals.  Your REALTOR® can give you the names of contractors so you can base you listing price with these repair costs in mind.

No matter what the issues are, try to get a Certificate of Occupancy (CO).  If you’ve got it, flaunt it.  Many buyers are willing to make repairs, but if those buyers need a conventional mortgage a CO is necessary.

Make sure your REALTOR® is familiar with the mortgage options available to, and requirements for, home buyers purchasing a home in need of repairs.

Do not try to hide your homes imperfections either in the listing description or in staging the home.  Anything you try to cover up or sugar coat will come to light during the home sale process.

If you need advice on selling a fixer-upper home in Barnegat, contact REALTOR® Laura Giannotta at 609-384-6121.

 

If you need to sell your home for less than you owe, contact Short Sale specialist Laura Giannotta.

Comments (7)

Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good mornign, Laura.... we search for those fixer upper's ..... we immediately show them to our small builders...they make a great winter project for them while they wait for spring.

Nov 18, 2013 06:33 PM
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

You are right Barbara, and even if they have other projects they like indoor work when the winter's winds hit! 

Nov 18, 2013 06:43 PM
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Great advice, Laura.  You need to know what you're dealing with upfront, whether it be cosmetic or functional.  And, as you say, always disclose.  

Nov 19, 2013 06:34 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It can be done, but the ones doping most of the work themselves have the best chance of making a buck.

Nov 19, 2013 09:03 AM
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

Elyse, a seller is more likely to get an offer if they disclose!

William, some in our area don't have the money for repairs.

Nov 19, 2013 09:29 PM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Laura,

Great post and great advice.  Getting the C of O ahead of time can be valuable!

Nov 20, 2013 05:17 AM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

We have a list of flip and fixers who LOVE this kind of home.

Nov 21, 2013 06:45 PM