If you absolutely need to sell a house in the San Diego, taking a little extra time to get the property move-in ready can go a long way in a very good market. On the other hand, most properties, even those considered by sellers to be fixer-uppers generally list at 8% below the average property value in a neighborhood. For some folks, especially those that have inherited a property they don’t know what to do with, the choice of unloading the property as quickly as possible is a legitimate option.
The question then becomes, what makes the most sense? Here are your options outlined.
Unloading the Property as Quickly as Possible
The best option here is to find a quick sale company that will offer you a decent price on the property. If the property you want to unload is in San Diego, then you won’t have too much of a problem putting it on the market. The city’s real estate is some of the most sought after in the country now, and most homes on the market are finding themselves attracting bidding wars from prospective buyers. Real estate agents are able to move just about everything in this housing market, regardless of how beat up the property is. Still, it will take more time to deal with a real estate agent and properly market the home than it would normally take dealing with a quick sale company. Quick sale companies will give you cash on the spot for your house, renovate it, and then sell it to the highest bidder. If you go this route, you may want to shop the individual companies against each other.
Going through a Real Estate Agent
It’s expected that a subpar house in a lucrative market will go around 8% below the typical listing for a house in the area. If you’re a seller, and you don’t want to put the money into renovating the house yourself, this is a pretty decent option. It’s going to take more time, but you will also get more money for the house. There are some areas that are so sought after that vacant lots will basically sell for around $800,000.
Either option will work, the question most sellers will have to ask themselves is how quickly they want to clean their hands of the situation. It’s important to remember that San Diego real estate is at all time highs, and empty homes are in extremely high demand. It’s tough to justify missing out on a once in lifetime housing climate just because you don’t want to put the house on the market.