My Mother gave me an old house she had that she no longer lived in, she was using it for storage and decided to give it to me so that I could fix it up and live in it. The house isn't in the best shape, it needs a lot of work and needs new appliances. I do not want the house anymore, but have no idea how to sell it. I do not have the money to "fix up" the house or replace appliances, I just want to make a litle bit of money on it and move on with my life. Does anyone have any advice on what I should do, or how I can sell this house quickly? The house is in Kentucky, it has no furnace, it needs a new bathroom and new appliances. It is just a roof, floors and walls. It has the potential to be a nice house, if someone has the money to put into it.

I come from a family involved with real estate.

You have at least a few options... Probably the very easiest way out of your house is to pick up the newspaper and call every "I Buy Houses" ad in the Real Estate Wanted section and ask them for an offer for a quick sale. You'll get low ball offers (that's how they make their money), but you can close amazingly quickly, usually within a few business days, check in hand.

(You can also just Google "sell house (city name)" and if you live near a populated area/city you'll find several ads on the right hand side... Those are bought and paid for by the same type of real estate investors.

Also, you can just list your house with a Realtor and see if you get any bites. But be aware that in this market you're competing with a *lot* of foreclosures that banks have taken back, and they're really driving prices down. Another thing you *might* be able to do, depending on where you live, is to buy a "flat fee" MLS listing for your house.

In either case the easiest path is to just call a Realtor out of the phone book (or just ask a friend, etc. for a referral). Before you tie up the house with a listing agreement, ask *them* to tell *you* what the best price to sell the house is. You don't have to accept the number, but the path forward is going to be a whole lot clearer if you just call a couple Realtors and ask them to suggest a price for the house.

You can of course fix it yourself and try to sell it, but I'm guessing you don't want to do that, and frankly, given the amount of other houses on the market and the prevailing market conditions right now, refusing to fix it and sell it yourself might be a very good idea -- because you have no guarantee that you can actually sell the sucker after you put your own money and/or sweat into the house.

Lastly, you can sit on it. I'm not sure who's paying the property tax bills, but so long as that's taken care of, you can always just wait.

Can I give you a little personal advice (beyond the above)? :) Dump the sucker. My opinion of the macroeconomic situation for real estate suggests -- and this is of course a opinion -- that the real estate market is going to take *another* turn downward. If you can get out with some cash in your pocket, I think you should do so now.

My understanding is you live in Kentucky, so your market probably picks up as the weather warms up. This would be a good year to sell it. However, if you're going to sell the house, I recommend you wait until after the "super slow" December/January/February period. There are more buyers and the investors may offer you a better price once the weather starts warming up, roughly around March (you can call a Realtor and just ask when the peak selling season is if you want).

I sure hope this helped you. (If you or anyone has questions you can private message me.)

First I guess you know you are not going to get much for a house like that.

Right now here in wonderful Austell GA, ( about 10 miles out of Atlanta, a home that sold for 200,000 three year ago, is not selling for about 35,000 dollars. ( 45,000 last year) And these are three bedroom, two bath homes with large fenced years, and the house is move in ready.

So I will assume you are not excepting more than 5000 to maybe 10,000 max, and that will depend on the roof, and the foundation.

But you want to talk to some real estate agents who do a lot of low end properties, but remember this is his very little commission, sellng it will not be first on their list.

If you know any one in the area that flips houses, you may talk to them.
Also remember in its current condtion, no one can get a loan on the house, so you will have to find a cash buyer

Don't take anybody's word on what it is worth. You need to get a reputable realtor in your area that knows the value and conditions of the marketplace where you are located. Points listed by others above are good tips though as well. If you need advice on reaching a good realtor in your area, contact me and I will refer you to an excellent realtor that will get you the most for the money, in the shortest time allowed, with the least of worries.

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