There’s a saying that “no matter the condition of your home, it is sellable as long as it’s in a great location”. What now happens when your house is in a bad location? Does this mean there’s no way to sell a house in a bad location? Though it might not be an easy task to achieve, it is possible to sell your house that’s in a bad location and also at a fair price. One major challenge real estate investors face is selling a house in a bad location. However, while your home’s neighborhood might not be desirable, there are ways to make the most of your situation. Today’s post will give you tips on how to sell your house in a bad location.
What makes a location bad?
Different buyers have different preferences and perceptions, for example, some home buyers prefer to live close to a good school and a lively neighborhood, while another home buyer prefers a more private environment not close to schools and noisy neighborhoods. Hence, the question, what makes an area bad? There are common features of a location that is generally seen as undesirable by many homebuyers, these include; areas prone to noise pollution, high crime rate, waste pollution, lack of amenities, bad access roads, etc. When your house is located in such areas, it becomes difficult to market your property, however, it is still possible to do so.
Tips on how to market a house in a bad location
- Work on your Curb Appeal
Buyers are often drawn to apartments with a great curb appeal. Having a great curb appeal can help shift the buyer’s attention from the location to the features of the house. Highlight the good features of your property, you may not be able to change the location of your house but you can upgrade its appearance.
- Renovate/upgrade your Home’s Interior
Buyers might be off-put by the location of your home, but they will still take a look at the house’s interior. This provides another avenue to market your property, many homebuyers prefer homes with a good interior design and arrangement, therefore it is advisable to upgrade your home’s interior to improve on its appeal and value.
- Contract a good Real Estate Agent
If you want to sell your house that is located in an undesirable neighborhood, it is advisable to employ the services of a real estate agent. To successfully sell your house, you need an experienced real estate agent with a history of house sales in that neighborhood. A good real estate agent can help you connect to many homebuyers that are interested in buying a house in your area, and they also have a deep understanding of what it takes to sell a house in a bad location.
- Market the house strengths and find your Audience
Although the house may not be located in a great neighborhood it also has its alluring features. Display the beauty and charm of your house and its neighborhood, you never can tell, it just might be appealing to the buyer. One person’s drawback may well be another person’s benefit. It is better to play your property’s strengths than to attempt to cover up its weaknesses.
- Offer Concessions to buyers
Another method that can be used to help market your property is to offer concessions to buyers. When you are facing difficulty in selling your house due to its bad location, it is advisable to offer some form of incentives to buyers such as paying some of the buyer’s closing, or finance costs.
- Reduce Sales Price
Your home may have an amazing curb appeal and wonderful interior decorations but if it’s in an undesirable location, you may find buyers viewing your house but making no offers. The buyer may like the house, they may even be okay with the asking price, but the location is a very crucial factor when it comes to real estate. In cases like this, it is advisable to reduce your asking price for the house. This should be your last resort in selling your house.