You are ready to sell your house in Houston, but you have some damages to the property and you are not sure what to do.
Here are 5 strategies for selling your house with damage in Houston.
1: Incorporate As-Is in Your Listing
If you want to sell your home with the damages and you don’t have the time or the extra money to do the repairs. Consider selling your home as-is.
Selling your home as-is basically letting buyers know you have discounted the property because they are issues that you are not willing to fix.
You must take into consideration that using “As-Is” in your listing will also signify that there is likely something wrong with your property and may deter buyers, especially since you will not fix any damage.
Also, there may be investors with large enough portfolios who may not mind As-Is listings. Espescially since investor are seeking to purchase properties below market value.
As the seller you should keep in mind that many of the offers you get are going to be low offers.
2: Inspect and Disclose All Information
The second strategy for selling your house with damage in Houston is to have the property inspected.
Also, make sure to disclose any known damage to potential buyers. You would do this by filling out the sellers disclosure form.
Making these inspections and disclosures available on your listing will help the buyers determine how severe the damage is and if they are willing to repair it if they buy it.
The last thing you want to do is mislead potential buyers with miss information.
Some properties may be in such disrepair that it is less expensive to have the structure demolished and build a new structure to the buyer’s taste.
Some properties have such a great location that the land itself is worth most of the asking price and it is worth buying and tearing down the structure, especially if it is a great waterfront property or has some other unique feature.
3: Making The Home Visually Appealing
The third strategy for selling your house with damage in Houston is to make the home visually appealing.
The damage might not seem so overwhelming if the rest of the property is taken care of.
This may include a fresh coat of paint, some new flowers, or pressure washing the front and back of the property.
These simple and inexpensive hacks can make your house stand out.
This will help make the property look more promising and ready to be occupied. Keep in mind the repairs that will need to be made so you don’t waste your money improving the look of an area that will just be destroyed during repairs.
4: Be ok with “low-ball” offers
The fourth tip for selling your house with damage in Houston is to be ok with “low-ball” offers.
If you have added As-Is to your listing, disclosed all known damage, and visually spruced up your property, you will most likely be receiving many offers that you feel are a bit low.
You may need to entertain a few of these offers and really take them into consideration.
With damage, you will probably not receive offers near the average market value, so you may have to sell at a lower amount than you were considering.
5: Sell Directly to an Investor
One of the easiest ways to sell your house with damage in Houston is to sell directly to a professional home buyer like Sell Your Homes Houston.
Most investors are in search of any property they can get their hands on and are willing to purchase them with damage.
Actually many investors prefer homes with damages because they can force the value of the property up by doing the work needed.
Most investors will also make you cash offers with short closing time frames. This would be the ideal buyer to go with because you do not have to work with a real estate professional.
You probably won’t have to deal with showings or order inspections or do any improvements to your property.
You will be dealing with an investor so an offer below market value is typical and shouldn’t come as a surprise.
Below market offers allow the investor to make a profit and hedge against unexpected expenses.
Conclusion
Its not a lost cause if you are ready to sell your property in Houston and it has damages. You have many options that are available to you, your just not aware of them.
In this article we go over 5 strategies that will help you sell your house with damages.
DO YOU WANT TO KNOW HOW TO SELL YOUR DAMAGED HOME?