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High rates of crime and unemployment plague areas of Columbus, Ohio. The city is one of the fastest-growing in the nation. But that’s little help if you have been struggling to sell a run down or even a nice house in a bad neighborhood. Traditional buyers don’t typically look for such property. You need to connect with a buyer who is not afraid of owning real estate in a problem neighborhood.
Our tips for selling a house in a bad location will help you find the right buyer. Applying these suggestions will assist you in attracting such a buyer—even if you don’t have a great house.
Getting rid of the clutter cannot be over-emphasized. A cluttered, dirty house will send most buyers looking elsewhere. If an item isn’t absolutely necessary, give it away, throw it away, or store it out of sight. Clean until the house both looks and smells clean.
Offer to mow your neighbor’s yard until your house sells. An overgrown yard next door reflects poorly on your home.
Do your research and find out what first-time home buyers want in a house. The main attraction of your house will be its affordability. But make sure to emphasize any features in your home that will appeal to potential buyers. Many older homes have large windows, and natural light is important to buyers. Maximize the windows in your house by removing dated window coverings. And add a little paint or stain where needed. Emphasize any other features of your home that buyers want.
Get your yard work up to date. Prune overgrown bushes and shrubs. Remove low-hanging branches from the trees. At the least, wash the front door and the front porch. Plant some flowers if in season.
Staging helps buyers picture themselves living in the home. Store family photos, trophies, and any other memorabilia out of sight (It isn’t very easy for buyers to see the house as theirs with pictures of your family on the walls). Arrange furniture to emphasize your home’s appealing features.
While open houses are inconvenient, they are inexpensive and effective ways to advertise locally. If you’ve done an excellent job preparing your home, it will be the talk of the neighborhood.
If you own the property without any liens, considering offering owner-financing for qualified buyers. Such an offer is a great sales incentive for first-time buyers.
Fully disclose the problems with your house. But don’t forget to mention the good things about your home as well as your neighborhood.
Columbus Cash Home Buyers is the quickest and most reliable cash house buyer in the Columbus, Ohio area. For years, we’ve been buying homes in any condition and any neighborhood. Our lengthy list of satisfied clients speaks for our experience and reputation.
We know the Columbus real estate market. And we understand distressed property. So don’t be surprised when we offer to buy your house AS IS. And being located in the worst part of Columbus is not a problem for us.
Our business model is the envy of the industry. We do everything quickly. In less than a month after signing our purchase agreement, we typically close the sale. If you are in a hurry, we’re the right choice.
You will never wait for us to get your money. We have the cash when we make our offer, so we are not waiting on a lender to give us loan approval.
The amount of money specified in our fair cash offer is the amount you receive at closing. You are not responsible for any closing costs, such as commissions. And you will never be surprised by hidden fees.
You have no reason to dread a big pile of paperwork. The only forms you have to complete are a few documents that need to be signed and dated. The rest of the paperwork is always on us.
This neighborhood is also known as the Bottoms, because of its low-lying geography. It is also at the bottom of Columbus’ socio-economic index. Property crime is close to three times the national average. And violent crime is more than double the national average, according to areavibes.com. Although some rehabilitation is occurring, the area is still widely unpopular.
The neighborhood developed because of its industrial base. But the last factories shut down during the 1980s, leaving behind crime and low-quality housing. According to niche.com, rental units outnumber owned homes by almost two to one. Poor-quality schools also contribute to the area’s unpopularity.
This area has a high poverty rate, with the median household income just under one half of the US average. Home values are 83% lower than the US average—according to areavibes.com. High rates of crime and unemployment, coupled with failing schools, make this one of Columbus’ most undesirable neighborhoods.
Home values in the neighborhood are approximately one-third that of the Ohio average. Just under half of the population live below the poverty level, according to City-data.com. Property crime is three times the national average, and violent crime is more than double the national average. Add to the problems a list of failing schools, and people avoid living in this area, if at all possible.
Hilltop has some very old, dilapidated homes that attract the criminal element. According to Columbus police statistics, the neighborhood leads the city in violent crimes—including murder, felonious assault, and robbery. Rampant drug addiction, prostitution, and property crimes discourage homebuyers.