One of the greatest tragedies unfolding every day is the completely preventable destruction of historic homes. These vintage houses are monuments of architecture and local color, but too often, they fall into disrepair and eventually get demolished because nobody is willing to invest in them. If you’re a real estate agent who wants to change this and make a profit in the process, you should consider strategies for locating sellable historic homes. There are many ways that you can find these properties and market them to sellers who will value their history. You can start by looking at comps in an area with historic homes to determine a reasonable selling price for one of these properties.
What Are the Benefits of Selling a Historic Home?
If you’re wondering how to find comps, you can start by researching public records and finding sale prices for homes in historic neighborhoods. This information will help you get a better sense of the potential profit that can be made from selling historic homes, and it may also reveal some of the benefits your efforts may provide. When historic homes are owned and lived in by families who care about their communities, they’re more likely to be maintained properly — and a neighborhood with well-maintained homes will enjoy higher property values. Selling historic homes is one of the most beneficial things you can do for a community.
You should also take into account the beautification you’re contributing to, too. New homes have their own appeal, but few can match the architectural details and ornate designs that so often characterize older homes. Losing these structures is truly a loss of history, and when you sell them, you preserve this history and beauty, passing it on to another generation who can treasure it as much as you do. This is one of the greatest benefits of selling historic homes — and you get to make money, too!
Where To Find Sellable Historic Homes
Where can you find listings for historic homes in your area? You can start by using a batch real estate tool that generates mass data based on your unique search query. This kind of platform generates leads based on your specifications and allows you to automate your searches for continuous results. With a list of leads, you can then start reaching out to property owners and searching for homes to sell. Many of the homes in question may be distressed or part of a probate sale, but that shouldn’t stop you from pursuing them. In fact, this can allow for even better bargains.
This strategy can also be used for wholesaling houses. If you adopt a wholesale approach to selling historic properties, you can enter into a contract with the property owner and then later sell the contract to another buyer. This allows you to see substantial profits while still ensuring that the property is sold to a buyer who will value it. Wholesaling is one of the best ways to produce a high volume of sales in a short period of time.