A couple of questions… targeting cash buyers with smaller profit expectations and how to list my basement.

I need some guidance in selling. I inherited my grandmother’s house that is in decent condition but needs some updating in the kitchen and bathroom. I am signed to Mark Spain but they haven’t done anything. In fact the closest we came was a buyer I brought. They pulled out because of mold that was left unresolved from past water intrusions in the basement. From some professional assessments we have got the water issues might not even need a french drain but just some more simple landscaping fixes that when tested temporarily worked.

I do not have the money or credit to make any of these improvements myself so I am trying to sell as-is to cash buyers. The offers from them are still too low but I’ve been mostly dealing with local ones that need a bigger profit margin to make the purchase work for them. I think I need to target more national companies who buy in huge bulk and are happy just walking away with a few thousand.

How do I go about this especially when the market and rates are shifting everything already?

Also, the approach with the basement is tricky all the way around. From first look and most early assessments it is not even considered. It is self sufficient minus it’s own HVAC controls and has been used as an apartment we rent out. From the street the house appears one story but from behind there is s full walk in basement that is modestly finished besides some storage areas. It has it’s own driveway, entrance, kitchen, living room with fireplace, bathroom with shower, and two bedrooms. There is still stairs that gain entrance from the house as well. Seems like the classifications for what can be included in the square footage and what is considered a bed room is all over the place. One bedroom has windows but no closet. The other one has a closet but no windows.

How should it be listed?

submitted by /u/shaungilmer
[link] [comments]

I need some guidance in selling. I inherited my grandmother’s house that is in decent condition but needs some updating in the kitchen and bathroom. I am signed to Mark Spain but they haven’t done anything. In fact the closest we came was a buyer I brought. They pulled out because of mold that was left unresolved from past water intrusions in the basement. From some professional assessments we have got the water issues might not even need a french drain but just some more simple landscaping fixes that when tested temporarily worked. I do not have the money or credit to make any of these improvements myself so I am trying to sell as-is to cash buyers. The offers from them are still too low but I’ve been mostly dealing with local ones that need a bigger profit margin to make the purchase work for them. I think I need to target more national companies who buy in huge bulk and are happy just walking away with a few thousand. How do I go about this especially when the market and rates are shifting everything already? Also, the approach with the basement is tricky all the way around. From first look and most early assessments it is not even considered. It is self sufficient minus it’s own HVAC controls and has been used as an apartment we rent out. From the street the house appears one story but from behind there is s full walk in basement that is modestly finished besides some storage areas. It has it’s own driveway, entrance, kitchen, living room with fireplace, bathroom with shower, and two bedrooms. There is still stairs that gain entrance from the house as well. Seems like the classifications for what can be included in the square footage and what is considered a bed room is all over the place. One bedroom has windows but no closet. The other one has a closet but no windows. How should it be listed? submitted by /u/shaungilmer [link] [comments]

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