Would you like to sell your home but you’re concerned about damage?
If so, you’re in good company. In the past three years alone, millions of homes along the Florida coast were damaged by hurricanes Matthew, Irma, and Michael.
Even if your home didn’t weather a major storm, it may have suffered damage from a flood, a fire, or mold. Is it possible to sell a damaged house for a fair price?
Absolutely! Help is available to sell your home–no matter what kind of condition it’s in. Here are four tactics you might consider to sell a damaged house.
1. Advertise It as a Teardown or Fixer-Upper
If you do decide to advertise your home, be honest about its condition.
Whatever type of damage it suffered–and whatever works needs to be done to repair it–include it in the description. If you word it right, you could be surprised at the amount of interest in your “damaged” property.
Many developers look for properties in disrepair, especially in desirable locations. This makes it easier for them to tear it down and replace it with a new home or office building.
If the damage isn’t severe, you may be lucky enough to attract attention from first-time homebuyers or others who don’t mind putting a little work into the place.
2. Contact Local Builders
If you don’t want to fool with a realtor or advertising, you might consider reaching out directly to local builders and developers.
Contact them and let them know you have a property for sale they might be interested in. Again, be honest in your description and realistic about what kind of work needs to be done.
Who knows? It may be just the property an eager buyer is looking for!
3. Consider (Some) Work
Let’s say your damaged home isn’t in poor enough condition for a teardown but isn’t ready to sell as-is.
Depending on your goals and how quickly you need to offload the house, it might be worth putting a little bit of work into the place. You’d be amazed what a major cleaning and some minor updates could do to the property’s value.
Don’t bother with extensive renovations, as the buyer will likely do that himself. But fixing structural issues like a busted window or a sagging staircase could significantly increase your asking price (and buyer interest).
4. Contact Cash Buyers
A final option to consider is contacting a company that specializes in buying homes for cash.
How does the process work? Simply call or fill out an online form with information about your property. The company will then contact you with a cash offer for your property.
Because it’s so easy, this is the route many savvy home sellers decide to take.
Damaged House? No Problem!
As you can see, you shouldn’t have many issues trying to sell your damaged house. In fact, many builders and buyers are looking for homes just like yours.
That’s where we come in. Here at RESULT CAPITAL we specialize in helping you sell your home fast (and at a fair price).