All sorts of wild properties are on the housing market. Some are too personalized or have outrageously large or small rooms. Regardless, most properties have a finished house or are empty lots.
But what if your property is somewhere in between? Can you sell a house under construction on the regular market?
Sell Pittsburgh Now, LLC is always ready to pay cash when you want to sell your house. Even if it’s incomplete, we can make an offer on it. What about everyone else?
Defining “Unfinished”
An unfinished house is any property that is not move-in ready. This means various properties can technically be considered unfinished, such as houses:
- Missing sinks or door knobs
- Without functional plumbing
- Missing drywall in certain rooms
- Without flooring in certain rooms
- Missing permanent electrical systems
So really, an unfinished property could mean anything from the need for some cosmetic changes to full-scale construction updates.
Quick Notes on Selling an Unfinished House
As with any real estate transaction, you must meet legal requirements for property disclosures. Below are a few notes to help you put your property on the market with fewer worries.
#1. Assess the Property
Hire an expert to record any major unfinished projects while surveying the property. You need this information for the property disclosure, but it’ll also help when pricing your house.
#2. Cover Minimal Repairs
Although you’re selling the house in an unfinished state, this isn’t the same as selling it as-is. One of the biggest home selling mistakes is assuming you don’t need extra work on incomplete properties. Finishing a crucial, in-progress project or two can make a big difference.
#3. Price the Property Accordingly
You cannot sell a house under construction at the same price as a completed home. Instead, price your property while considering the cost of necessary projects you won’t work on. You could subtract that from your property valuation.
For example, say a house like yours costs $300,000, but your property doesn’t have a fully functional plumbing system. If a new plumbing system will cost $10,000, consider lowering your asking price to $290,000.
#4. Be Honest and Open
Honesty is the best policy, especially for real estate issues; however, don’t talk down about your property. Instead, hype it up as a customizable house, perhaps pointing out the incomplete projects as opportunities for personalization.
Also, be open to reasonable negotiations on the asking price, since buyer considerations will dictate their responses. For example, how much would they have to spend to make the house livable? They may also need to pay for temporary housing during any construction progress.
This level of mindfulness tends to attract positive interest.
Sell Your Property for Cash
Can you sell a house under construction without worrying about all of this?
Sell Pittsburgh Now, LLC buys houses for cash in any condition, from as-is to under construction, and more. We can make an offer and close within seven days, even if you’re selling a house in disrepair.
If you don’t want to pay fees and commissions for a real estate agent or can’t afford to complete necessary construction projects, no problem! Call (412) 275-5238 for a free, no-hassle quote today.