Selling an older home can be a challenge. These properties often have unique features and special requirements not found in modern homes. At “Integrity First Home Buyers” we bought your old house. So you don’t have to deal with all the problems associated with an older house.
If the house cannot be renovated, a good option is to build houses on inherited land. That is, using the inherited land or that is going to be inherited, to build a modern house.
We must establish that the plot and construction meters correspond to reality. It is important information to prepare
d if a buyer appears for the property, the most normal thing is that they will need to opt for financing. To obtain this financing, there is the figure of the appraiser who verifies that the papers and reality coincide. Giving to conclude a value to the property.
If everything matches, you can continue with the sale. If it does not match, it may have arisen for two reasons:
If the square meters construction do not match; in this case, a declaration of new construction will have to be made. Or, the land may not match, so a process for excess space will have to be carried out.
What Can We Do Before Starting A Process For Excess Capacity?
The first thing is to discuss the matter with a real estate professional to see what process to follow to fix the paperwork.
It can happen due to two things:
That the registry is correct and only one instance has to be made in the registry of this property and thus request rectification.
That a topographic study must be carried out to modify the surface of a land and ensure that it is accurately reflected in the land record. Technicians specialized in real estate registry and property will work together with legal professionals, combining technical and legal knowledge, to finally register the modified surface in the cadastral registry and deed it.
Some Tips For Selling Your Old House
Do thorough market research: Before settling to the appropriate price for the older property, there is need to conduct a market research. This involves determining the other houses’ sales price in the same area and the price at which older houses in the same area are bought.
Make repairs and improvements: While you get the college house charm, as an older home, you need do the repairs and upgrades to capture the customer’s attention. This may concern repair jobs, modification of electrical and/or plumbing installations, and the final look of the space.
Highlight Unique Features: As stated earlier, one of the major benefits of an older home is the fact that they possess characteristics that are inexistent in the current homes. It includes the detailing on buildings such as facades, the ornamental work and mantels, and more of fireplaces. Masonry Chimney Repair will help you to give your fireplace chimney a new look and will increase it’s performance.
Use social media and online marketing: Since the buyers are more focused towards the internet while searching for properties, there is a need to put advertisements of the vintage property and other related marketing tools through the social networks. This covers placing of advertisement on the Facebook and Instagram among other social media platforms, and placing of advertisement on the real estate portals online.
Hire a specialized real estate agent: Since an agent dealing in an older building understands the market and challenges involved in selling them he or she will be of great assist when selling such a building. Besides, a specialized real estate agent knows potential buyers seeking an older property to buy because he or she has connections.
Final Thoughts
In short, selling an older house can be challenging, but with the right research, the necessary paperwork, the necessary repairs and upgrades, the right promotion, your rare sale is ready to go. There is an option to sell your house without losing the right to live in it.