Do you feel stuck with a vacant property in Chattanooga, TN? There is no need to continue holding on to a property you don’t want. Learn more about the fastest and easiest ways to sell a vacant house in Chattanooga, TN!
How Do I Sell A Vacant House In Chattanooga TN?
Selling a vacant property can be stressful. The costs, the time and trying to find a buyer willing to pay your asking price can be tough! In our latest post, we will compare some of your selling options so you can find the best, the fastest, and the most lucrative way to sell a vacant house in the Chattanooga area!
Decide If Selling Your Vacant House In Chattanooga TN Is Right For You
If you own a vacant house in Chattanooga, TN, you need to find out if selling your vacant house is a good fit for you. If the home has been vacant for quite some time, there might be significant repairs that need to be completed. Depending on the size and age of your property, these repairs could run in the thousands of dollars. Remodeling a kitchen alone can range from $12,594 to $33,118. You may be fortunate and have that money lying around, but most homeowners do not.
In order to decide if selling your vacant house is right for you, have a licensed general contractor come out and give you a bid on the property. The contractor will be able to tell you what it will cost to renovate your home and then you can make a decision if selling your vacant house in Chattanooga, TN is right for you.
The Pros And Cons Of Selling Your Vacant House In Chattanooga
Pros
The pros of selling your vacant house are that you won’t need to make any repairs (unless you are planning on listing with a real estate agent). A real estate agent will tell you about repairs that will need to be completed prior to listing. Another pro is that you will no longer have to deal with the headache and stress of hoping your vacant house doesn’t get broken into or sustain more damage. With a cash offer from a professional home buyer, you can sell your house in 2 weeks or less.
Cons
The biggest con of selling your vacant house is that it may be difficult to find a buyer. Most buyers want a house that is move in ready and may not be willing to make repairs on a vacant house. Since most buyers won’t want to make repairs, you may get a lower price than you were expecting. The vacant house may also take a longer time to sell.
Who Can Buy My Vacant House In Chattanooga, TN?
Work With A Professional Buyer
By far, the fastest way to sell your house in Chattanooga is by working with a professional buyer such as Nexus Homebuyers. Working with a professional buyer will give you the peace-of-mind in knowing the property has sold. You won’t have to wait around for a buyer or wonder what kind of offers you will get. You will know from day one how much we can pay and when the closing will occur.
When you choose to work with us, the process will only take a couple of weeks tops, and we will always work on your schedule, closing on the day that makes the most sense for you. We will handle all of the details to ensure a quick and easy transaction. From the paperwork to the repairs, we take care of everything so you can sell your vacant Chattanooga house and move on with your life!
Hire An Agent
Hiring an agent is an excellent choice for many properties. That said, when you list with an agent, there is no guarantee on if or when the house will sell. sometimes the property sells right away, and other times it takes months. This can make it difficult to plan ahead.
In addition, you will likely face some costs upfront to get it ready for the MLS. You will need to make repairs, do some serious cleaning and possibly fix up the yard. You will also need to continue paying the expenses for the house for things such as property taxes, homeowners insurance, monthly utility bills as well as the regular maintenance costs.
When selling your house in Chattanooga, the faster you can sell it, the more cash you will be able to keep in your pocket overall. If the house does sell with a Chattanooga agent, you will then need to pay your agents commission which will typically run about 6% of the final sale price. All of these costs, in addition to the time spent, can add up to thousands of dollars and simply isn’t worth it for some properties.
Sell The House Yourself
Selling your Chattanooga house on your own can save you money on commissions, but it can also be very time-consuming and stressful. You will still need to make repairs and get the property ready for showings and you will also need to do the work of the agent. This includes screening calls from potential buyers, arranging property showings, filing the correct paperwork, dealing with the title company and managing the escrow process. An FSBO can be a lot of work, and the final sale price will usually be lower than if you had hired an agent in the first place. For some people, this can work, but for others, it can end up being a huge waste of time and money.
