Quickly Sell Your St. Louis Rehab Project Using These 4 Steps
If you’re in the business of St. Louis real estate and St. Louis rehab investments then you know that the quick you are able to sell a St. Louis property at the highest profit level the quicker you’ll be able to move on to your next rehab project. Here are a few steps and tips that will help you to sell your St. Louis rehab quickly, while still maintaining quality.
Keep it Real
The first step to a successful St. Louis rehab project is finding the right property, at the right price. So get ready to crunch the numbers. You need to evaluate the current value of the property, the asking price and what the post-work value will be. Be realistic and conservative with your numbers to get a better idea where you should be with your offer and your repair estimates. Create a budget and stick to it to help you maximize your asking price without being outrageous. Keep in mind that your purchase price and your repair value have a direct connection to your profit and how quickly you will sell the St. Louis property.
Work with a Professional
It might seem easy for you to just sell the St. Louis property yourself and move on to the next property, but if you’ve never sold a property, that might not be the best option. After all, if you want the job done the right way, call a professional. Hire a qualified real estate agent that can help you to understand the market, promote the property, and connect you with potential buyers through other agents. The money you’ll spend on their commission will be worth it if you’re able to sell the home more quickly.
Set a Reasonable Price
After all the blood, sweat, tears and money you’ve put into the St. Louis rehab project you are likely emotionally attached to it. Try not to let this get in the way when you’re setting your listing price. A buyer will be looking at the finished product, as well as the quality of it, not the hurdles you went through to get there. This means you need to research the market and figure out just where you property fits in price wise. You should work very closely with your agent to set the right price in the given market that will be reasonable and give you the highest profit.
Open Houses Sell Homes
Whether you show the home once, twice, or five times you need the showing to be perfect every single time. The home needs to be clean, well lit, the yard needs to be well manicured and the home needs to smell great before every showing. The right buyer could show up at any time so you need to be sure it looks its absolute best. Have a friend or family member, not directly related to the St. Louis property, do a walkthrough of the home to get a sense of how the home presents itself. They will be able to see anything that’s out of place or not working to show off the home’s value because they aren’t as invested in the property as you.
In order to sell your St. Louis rehab project quickly and at a profit you’ll need to be prepared for the entire process before you ever get started. You should know going in what you can spend, what your budget will be, how to hire the right professional and be ready to show off the home. The better prepared you are going in, the better chance you’ll have at selling the property quickly.