Location is one of the most important factors to consider when purchasing a home. Unlike the design or the layout, you can’t change your home’s location once you’ve bought it. Sometimes despite all the research you do, a location may not be as ideal as you first thought of. So, what happens then if your neighborhood turns out to be a bad one?
In this guide, we’ll discuss how you can sell your property that’s located in a bad neighborhood in Cincinnati.
Tips on How to Sell Property in a Bad Neighborhood in Cincinnati, Ohio
1. Learn What You Are Legally Supposed to Do
States have different laws regarding what you (as a seller) are required to disclose to prospective buyers. Failure to do so constitutes misrepresentation by omission and is considered to be as grave as deliberately misleading a buyer.
If a buyer discovers a problem which you failed to inform them about during the sales process, they can sue you. On top of this, you can also incur hefty fines and penalties.
Make sure you disclose facts about the property which could affect the buyer such as structural or foundational issues, mold, water damage, or asbestos. You will also need to inform them if the property is located to a busy thoroughfare or highway (which can cause noise pollution) or if there is any ongoing major construction nearby.
The next part is grisly, so be warned. If there were any deaths that occurred in the home, especially if it was within the last three years, you are required to inform your buyer. However, some states only require this if the death was violent in nature.
2. Highlight the Home’s Winning Aspects
While there isn’t anything you can do about the neighborhood, something that you can control is the property itself. After disclosing the negatives, follow up by highlighting what is good about the property. Does it have a wood-burning fireplace? Get a good view? Do you have an entertainment room or is it sustainably built? Or perhaps your home is near a good school or has access to public transportation. These are just some features that could draw a potential buyer in regardless of the neighborhood.
3. Double Up on Security
If you’re property is located in an unsafe neighborhood, one way you can make it more sellable is by installing a security system and heavy-duty locks on all the doors. You may not be able to move the property to a better neighborhood, but you can at least provide your potential buyer with an added layer of security and protection.
4. Add a Fence
You’ve probably heard of the saying “good fences make good neighbors.” This is especially true if the neighborhood is less than satisfactory. You can try to create some sense of distance between your property and others in the area by separating your home with a fence or shrubs. This adds some privacy and protection for the new homeowners.
5. Sell to a Professional Home Buyer
Tried all of the mentioned tips but still aren’t getting any buyers? Or maybe you don’t have the time and money to make repairs to your property? Another option you should look into is to sell your home to a cash home buyer in Cincinnati, Ohio such as Offer Express. At Offer Express, we buy houses in Cincinnati, Ohio in all kinds of neighborhoods.
As a cash home buyer in Cincinnati, Ohio, we’ll act as your personal guide during your home selling process. We can provide you with the best price for your home while still ensuring a quick close so you can liquidate your inherited property ASAP. If you don’t want to worry about the hassle of listing your home and working with a real estate agent, just sell your home to us! We’ll take care of the rest.
Need More Info?
Offer Express’ home-buying process does not involve getting pre-qualified by a mortgage bank in order to obtain a home loan or listing the property on the MLS or any other listing platform. The reason our team at Offer Express is able to purchase properties very quickly is because we use our own money, which means the sale is more secure and we can close faster than traditional buyers. Get in touch with us here (614) 820-5777 and sell your home fast for cash today!