Do you own a true fixer upper house in Hawaii that you’d rather sell? Are you getting code violation fines from the City and County? Learn more about how to sell your house with code violations in Hawaii!
If you own a ‘fixer upper’, tear-down or otherwise damaged property in Hawaii, you might feel like it’s a big ball and chain around your ankle that’s holding you back – financially and mentally – from moving on. Perhaps you think no one would want to buy it in its current condition, or maybe you’re holding out hope that one day you’ll get all the money together to make it liveable again. However, at some point you have to wonder if it’s worth the time and money to renovate versus getting your money out now instead. Between renovation costs, continued property taxes and insurance costs, not to mention general liability, owning a vacant home can quickly add up as a big drain.
If this sounds like your own personal situation, then you should know there’s another option……
Find The Proper Buyer
Selling the problem house will free you from all the stress that’s accumulating, but most buyers won’t be looking for a home that could cost $50,000 or more to repair and bring up to modern expectations. If your property has code violations from the City and County of Honolulu (or Maui, Kauai, etc.), then it could be a sign of a price tag that could top $100,000 or perhaps over $250,000 if it’s a tear-down that requires a new home completely.
Those buyers aren’t usually the ones visiting open houses on Sunday afternoons. What you really need is a professional Hawaii investor buyer. A professional company that buys houses in Hawaii — like Oahu Home Buyers — will be very experienced in analyzing and proceeding to purchase these types of properties. We can see the true potential of homes that turn your typical retail buyer away. More so, when you sell to a professional investor like us, you can sell quickly without having to come out of pocket for any fees since we take care of it all.
No repairs, no fees, no more liabilities. Sounds good, correct? Let’s keep going….
Set Your Expectations
When selling a code violation or otherwise fixer upper property in Hawaii, you have to realize that it’s unlikely to sell for the same prices as the houses you see for sale on the public MLS that might need a bit of carpet or paint at most. We all know the Hawaii real estate market is one of the most expensive in the nation, and it’s already a stretch for many home buyers to come up with a down payment, even with today’s low interest rates, much less budget for a big renovation project on top of it. As we stated in the previous section, working with an experienced professional home buyer in Hawaii, you will be able to sell to someone who can restore (or rebuild) the home to its former glory or even better.
In fact, fixer upper homes are our bread and butter, so where your average Joe home buyer can’t see past the termite-eaten kitchen cabinets, we see beautiful new white shaker cabinets with glass panes and under-cabinet lighting atop new patterned quartz countertops, a wide single-bowl stainless steel sink and a new pull-down faucet.
Keep in mind that when you work with a direct buyer like us, you won’t be footing the bill for commissions either since we are the buyer. Commissions can run about 6% of the sale price when working with a traditional Hawaii real estate agent. By removing that cost, we can help put more $$$ in your pocket.
Disclose Everything
If you’ve ever sold a house, then you’re familiar with the standard disclosure form. In other words, be prepared to be upfront about everything that’s wrong or in disrepair about your property, even if the problems aren’t visible. Not doing so could mean expensive or even legal (also expensive) problems down the road.
Make It Appealing
Granted, a fixer upper usually isn’t going to win any design awards, but if the home is presentable (i.e. not a teardown), then at least do what you can to help make it look appealing, or be prepared to highlight its best features. The goal is to help potential home buyers envision what a finished product would look like, even if that’s on the other side of a six-figure renovation budget. So mow the yard, de-clutter and get rid of the junked cars out front — that being said, if even this is too much then don’t worry; we’ve bought homes with masses of junk – including cars and boats – so you can still leave them there if you’d like.
Don’t Sell Yourself Short
Just because the house is in disrepair or unsalvageable, doesn’t mean you have to give it away for a song. The right buyer (usually an investor like us) can look past the termites and leaky roof and picture its future glory and happy new homeowners, all at an affordable price. If you want to sell your house with code violations in Hawaii, take a look at all of the options available to you, including a direct ‘as is’ private sale to a professional Hawaii home buyer like our company.
Selling your house with code violations in Hawaii may seem impossible, but it can, in fact, be done. Knowing how to market the property, who to market it to, and what to expect will make the transaction a quick and easy one. Oahu Home Buyers specializes in helping Hawaii homeowners sell their properties with code violations or many other problems. If you own a house in need of major repairs, we would love to talk to you!