Selling a Historic Phoenix, AZ Fixer-Upper Home?
Have a Fixer in Probate You Need to Sell?
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The Expertise of Laura Boyajian: Your Historic Phoenix Fixer-Upper Homes Specialist in Selling or Buying
Fixer-upper homes in historic Phoenix. Oh, there is so much more to it that meet the eye whether you’re buying or selling.
Laura Boyajian is an extremely experienced Realtor who specializes in helping buyers and sellers navigate the world of selling fixer-upper homes.
I extensively work this part of the market in Phoenix, its surrounding neighborhoods and historic Phoenix districts. Selling fixer-uppers is an art. I LOVE selling fixers!
Combined with my extensive experience and deep understanding of the local market, I’ll be your advocate. I’m completely equipped to provide valuable insights and ensure a smooth and successful transaction.
Exploring Buying, Selling and Renovating Fixer-Upper Homes in Historic Phoenix or Scottsdale, AZ
Fixer-upper homes in historic Phoenix are an exciting opportunity for buyers and sellers alike.
Fixer-upper homes in historic Phoenix are in high demand.
Are you considering buying, selling or renovating a fixer-upper home in Phoenix, AZ, Scottsdale or in a Historic Phoenix district?
Look no further! I understand that this can be an exciting yet challenging endeavor, and I’m here to guide you every step of the way. First…
Why NOT to Sell Your Phoenix Fixer-Upper to a Wholesaler
If you don’t want to tackle the project of renovating a property yourself, when selling a fixer-upper, it’s important to carefully consider your options and make informed decisions.
While wholesalers may seem like a convenient choice, there are several reasons why selling to a wholesaler may not be the best route.
Wholesalers Play Money Games, Especially When Buying Historic Fixer-Uppers
I’ve been through so many scenarios where wholesalers are doing what they’re good at which involves getting you to sell your fixer for pennies on the dollar.
Don’t let this happen! For example, I recently listed and sold a fixer-upper in Coronado historic district and netted well over $100,000 more than the seller’s were anticipating they’d get.
The Condition Doesn’t Matter When Selling Your Historic Phoenix Fixer-Upper
No matter the condition of your “fixer-upper” home, and it can be utterly terrible, choosing NOT to sell to a wholesaler will ultimately result in a higher net profit.
I must reemphasize that it’s so important to get your home into the open market. It will put more money in your pocket.
This, I can guarantee!
A Few Preferred Historic Districts Investors Love Buying and Selling Fixer-Uppers
Although investors look pretty much anywhere for fixer-uppers, there are a handful of historic districts they fight for to buy a home so they can turn around and resell it.
I work in in every single historic district and far beyond and have noticed certain neighborhoods have a higher demand.
These districts are by no means a comprehensive list, are in no particular order, but they are a just a few of many top preferred areas:
- Coronado Historic District
- Willo Historic District
- North Encanto Historic District
- Encanto-Palmcroft Historic District
- Garfield and North Garfield Historic Districts
- FQ Story Historic District
- Fairview Place Historic District
- The Arcadia Neighborhood
- Woodland Historic District
- Oakland Historic District
Selling Historic Phoenix Fixer-Upper’s in Probate
And, another recent fixer-upper I sold that happened to also be in probate, netted more than $120,000 additional profit to the seller. Both sellers are extremely happy. All of my sellers are happy.
Money Games Played by Wholesalers When Buying Fixer Uppers
Wholesalers play serious money games when it comes to buying fixer uppers. They know the ropes. And I know their ropes like the back of my hand.
Yes, they will offer you cash and even pay your closing costs. They have to pay cash because most fixers are uninhabitable and banks don’t loan on homes that aren’t livable.
They’ll also try convincing you to bypass hiring a real estate agent telling you that will put more money in your pocket.
Well, that’s just absolutely not true. The opposite is true. What they’re not telling you is the real market value of your property and will lowball you by tens of thousands of dollars. I see it all the time.
So many sellers have left a substantial amount of money on the table by not knowing the true value of their fixer upper. I’ll let you know it’s true value.
Don’t Rush Selling Your Fixer to a Wholesaler
Don’t rush selling your fixer. If you’re in a hurry, an agent can also sell it fast. But don’t rush by giving it away to a wholesaler.
Don’t play into desperation of not knowing how to sell these properties and then end up leave money on the table.
An Experienced Can Sell Your Fixer-Upper Quickly
It’s not necessary to be hasty, especially when you can sell your fixer quickly with an experienced Realtor who will help you take home a lot more money.
By using a licensed agent with experience, selling fixers by using the open market versus selling directly to a wholesaler will be a win-win for you.
You can still sell it quickly, and for a much higher dollar amount..
Wholesalers Will Offer You a Significantly Lower Sale Price
Wholesalers typically aim to purchase properties at significantly discounted prices in order to resell them quickly for a profit.
This means that you may not receive the full market value for your fixer-upper. They have many tactics for this which I am very keen.
The Pitfalls of Selling to Wholesalers In or Outside Arizona
Many wholesalers, not all, often prioritize quantity over quality. They may not invest the time and resources needed to maximize the potential of your fixer-upper. They do this in order to make a quick buck while not nearly paying you what your fixer is actually worth.
Missed Opportunities for Higher Offers When Selling to Wholesalers
By selling to a wholesaler, you may miss out on the opportunity to attract other investors who are willing to pay a higher price for a fixer. Instead, consider working with a reputable, licensed Realtor like Laura Boyajian, who specializes in fixer-uppers in Phoenix, AZ.
With my vast experience in selling fixers, I’ll market your property effectively, attract the right buyers. And, I’ll negotiate a fair price that reflects the true value of your fixer-upper. I will not let you leave money on the table by having you sell to a wholesaler.
Selling Your Historic Phoenix Fixer-Upper “As-Is” to Local Investors
For sellers who may be concerned about the condition of their fixer-upper and the challenges it may pose in the selling process, working with local investors usually provides better, viable solutions.
Investors almost always pay all cash for properties in the form of “hard money” and purchase them “as-is.” They have to because banks don’t lend on properties that aren’t livable. Selling as-is relieves sellers of the burden of making costly repairs or renovations.
This is particularly advantageous for those who are looking for a quick and hassle-free transaction. By selling to local investors, sellers can bypass the traditional market and find buyers who see the potential in their fixer-upper, allowing them to sell their property in its current condition and still receive a fair offer.
Local Investors Also Make Lowball Offers
Local investors, like wholesale investors, also try to pick up their properties for a serious discount. This is also at the seller’s financial peril. They, just like wholesale investors, will also lowball you and do everything possible to convince you what they’re offering is fair. It’s a serious money game here, too.
Shady Tactics by Wholesalers Trying to Buy Your Fixer-Upper
There are so many shady tactics, especially with wholesalers, but also the local investor. However, the local investors sometimes tend to be a little easier to work with as they likely know the value of their finished product and are willing to pay more.
Don’t get me wrong, when trying to buy your fixer-upper, local investors play the money game, too. This is what all investors do for a living and they’ve mastered it. You just have to know the games they play, how they play it, but more importantly, how to not let them win so you can rightfully so keep more money in your pocket. This is where I come in.
Selling Your “Fixer-Upper” Home In Phoenix
If you’re looking to sell your fixer-upper home in Phoenix, AZ, I am the Realtor with this particular experience. I know how to highlight the potential of your property and attract the right buyers. With my marketing expertise, negotiation skills, and network, I’ll work tirelessly to ensure you get the best possible price for your home.
Do You Own a Fixer-Upper Home, Even in Probate, In a Historic Phoenix District and Want to Maximize its Value for a Handsome Profit?
If you own an old home and want to maximize your investment by renovating it yourself for a profit, you’ll probably want and need guidance. Perhaps you’ve inherited a home and it needs a ton of work.
Or, you’re new to the “flipper” business and want to know where to start. Or maybe, you’ve inherited the property which is in, or, going to probate, and you need guidance on how to sell a property in probate. Either way, I can help you.
Fix up & Sell Like Flippers Do
If you don’t want to sell to an flipper investor, you can do a lot of the work yourself with the help of contractors you need. Then, you can sell a remodeled fixer for a handsome profit, just like flippers do.
I can help you achieve this from beginning to end. I’ve done it before with many, many clients who are not in the “flipper” business, and can absolutely help you, too.
Strategic Planning for Profitable Renovations For Your Historic Phoenix Fixer-Upper Home
When it comes to renovating your own fixer-upper to maximize your investment profits, the key is to start with a clear plan and budget in mind. I’ll guide you with all the numbers. For starters, I’ll price your home’s value as-is. Then, I’ll price it for what the finished product could sell for based on the scope of the remodel.
Enhancing Value Through Strategic Renovations
We’ll begin by assessing the property and identifying areas that require attention to increase its value.
Together, we’ll prioritize projects that offer the highest return on investment, such as updating kitchens and bathrooms, addressing any and all plumbing and electrical issues, making sure the roof is good condition, improving curb appeal and addressing any other items to make an attractive final product in order to sell for maximum profit.
Adding Square Footage to a Historic Phoenix Fixer-Upper For Increased and Maximum Value
I’ve had many clients who inherited a historic home, or just an older home, that a family member lived in for years that’s seen little to no updates over the decades. These homes almost always have many outdated features and limited space.
When faced with such a property, one effective strategy to significantly increase its value is by adding square footage. By expanding the footprint of the home, you can not only modernize its layout but also attract a higher selling price in the end.
Plus, knowing how to choose the proper period-appropriate décor that historic homebuyers love is very important. This, too, helps maximize returns.
They decided to work with me for counsel and referrals in order to renovate the property themselves. As a result, this helped them maximize their profit. They’re all extremely happy.
Figuring Out The End Price on Your Fixer Before Renovations Begin
In knowing how much remodeling your fixer will cost, I’ll help you figure out the end price even renovation starts. And, during the renovation, we’ll consistently revisit the numbers to make sure your profit numbers are on track because construction costs often change.
DIY and Expert Collaboration is a Recipe for Profitable Renovations
When renovating your fixer-upper, it’s beneficial to leverage your skills and resources to tackle DIY projects like painting, flooring installation, and landscaping. Each task you complete yourself helps save on labor costs and contributes to maximizing profits.
By adopting a strategic approach to your renovation, combining DIY efforts with expert assistance where necessary, you can turn your property into a lucrative investment with substantial returns.
Roll Up Your Sleeves For Additional Profits
Taking on as much of the renovation work yourself allows you to add a personal touch. So, if you want to roll up your sleeves and pick up some tools, that will keep some money in your pocket. Moreover, this enhances the property’s appeal to potential buyers, ultimately increasing its value in the market.
Expert Guidance for Complex Fixer-Upper Home Projects
For more complex projects or tasks outside your expertise, don’t hesitate to seek guidance from experienced professionals. This ensures the work is done correctly and efficiently.
As part of my service, I have a huge network of licensed contractors like plumbers, electricians, painters, handymen and women which I’ll connect you with for consultations and estimates. Additionally, I have many other resources you’ll find valuable.
Contractors Specializing In Fixer-Upper Homes In Historic Phoenix
These are contractors and workers of all kinds who also specialize in remodeling historic homes. It not only takes the right real estate agent to guide you with analyzing the numbers of your fixer before and after, but the contractors who know the ins & outs of old homes is a must.
By focusing on these key areas, you’ll create compelling selling points that attract potential buyers and command a significantly higher selling price.
Have a Phoenix Fixer to Renovate Yourself?
The Benefits of Buying a Historic Phoenix Fixer-Upper Home
Are you thinking of buying a fixer-upper home in Phoenix, AZ? It can offer numerous advantages. Here are a few key benefits to consider:
Affordability
Fixer-uppers often come with a lower price tag compared to fully renovated homes, allowing you to get more bang for your buck.
Customization
Buying a fixer-upper gives you the opportunity to personalize your home according to your taste and preferences. You can create a space that truly reflects your unique style.
Potential for Equity
By investing in a fixer-upper, you have the potential to build equity quickly. As you make improvements and increase the property’s value, you can reap the financial rewards in the long run.
Buying Fixer-Upper Homes In Historic Phoenix: Not for the Faint of Heart
Buying fixer-upper homes is not for the faint of heart. It requires a certain level of determination, vision, and willingness to take on the challenges that come with renovating a property. From unexpected repairs to budget constraints, the process can be demanding. However, with the right guidance and expertise, you can navigate the journey with confidence and turn a fixer-upper into a rewarding investment.
The Benefits to Investors Buying Historic Phoenix Fixer-Uppers
Investing in historic Phoenix fixer-upper homes can be a lucrative opportunity for investors. Here are some key benefits to consider:
Lower Purchase Price
Fixer-uppers are often priced below market value, allowing investors to acquire properties at a more affordable cost. This provides the potential for higher returns on investment.
Increased Profit Potential
By purchasing a fixer-upper, investors have the opportunity to add value to the property through renovations and improvements. This can significantly increase the resale value, allowing for a higher profit margin.
Less Competition
Fixer-upper properties tend to have less competition from other buyers, as they require additional work and investment. So, this can give investors an advantage in negotiating favorable purchase terms.
Flexibility in Renovations
Investors have the freedom to customize the property according to market demands and trends. This flexibility allows for strategic renovations that can attract higher-paying tenants or buyers.
Diversification of Portfolio
Adding fixer-upper properties to an investment portfolio can provide diversification. By having a mix of properties, including those in need of renovation, investors can spread their risk and potentially increase overall returns.
How Flippers in Phoenix Create Beautiful Renovations
In Phoenix, AZ, many flippers have gained a reputation for their ability to transform fixer-upper homes into stunning, modern spaces. These skilled professionals understand the art of renovation and have a keen eye for design.
From updating kitchens and bathrooms to creating open-concept living areas, flippers in Phoenix know how to maximize the potential of a property. They carefully select high-quality materials and finishes. This enhances the aesthetic appeal and also adds value to the home.
Not All Flippers are the Same
Sometimes, flippers don’t do a good job with renovations. I call them Home Depot remodels. If you’re ever wanting to buy a house from a flipper, I’ll help you determine if it’s a good remodel, a great remodel, or a Home Depot remodel. It’s not difficult to tell the difference.
So, whether you’re looking to buy or sell a fixer-upper, I’ll guide you every step of the way. Plus, I’ll help you take the time to make informed decisions without leaving money on the table.
Additionally, whether you’re a first-time homebuyer or a seasoned investor, Laura will be by your side, offering expert advice and support.
Partner with Laura Boyajian for Your Fixer-Upper Journey
When it comes to buying or fixer-upper homes in historic Phoenix, I assure you I’ll end up as your real estate agent of choice. With my expertise in the local market and unwavering dedication to my clients, I’m the perfect partner for your real estate journey.
Whether you’re looking to transform a fixer-upper into your dream home or maximize the value of your investment property, my knowledge and commitment will guide you every step of the way.
Contact me today on my cell at 602-400-0008 and let me help you turn your fixer-upper dreams into a reality.
Fixer-Upper Homes For Sale In Phoenix, AZ
