As a homeowner looking to sell a damaged house, most real estate agents would tell you to, “fix up your home damages” to be able to sell it at a reasonable price. Unfortunately, if your home is severely damaged, renovating it could cost you thousands of dollars that you may not recoup after the sale of your home. And even when you have minor damages like broken doors and windows, it would cost you substantial money and time to fix.
Nevertheless, our answer to the question, “can I sell my damaged house?” is a resounding Yes! Yes, you can sell your damaged house without going through the stress of fixing it up, and at a fair price too. We know this sounds very unlikely because it goes against everything most real estate agents (would) have said to you. But it’s the truth, and we’re going to show you how in this post.
Sell Your Damaged House Fast for Cash
If your house is damaged, the best way to make a good sale is to sell it as-is for cash. Real estate investors that buy houses fast for cash in New Jersey, like Quick and Easy Offers, are willing to pay a fair price for damaged properties. That is, no matter how massive the damage or disrepair your house has, you can sell it for cash fast to these cash buyers without needing to fix it up.
Real estate investors have the financial means to buy your house for instant cash. These buyers purchase damaged houses, bear the cost of renovating it, and then sell them for profit. So, they are always looking to buy a damaged house, no matter the condition it’s in, even if it’s been entirely ruined by fire or water damage.
Where Can I Find These Cash Buyers?
Finding real estate investors willing to buy your damaged house isn’t as tricky as you would think. Generally, all you need to do is put the word out that you want to sell your property. However, to make the process faster, you should use online platforms to find and contact real estate investors in your area.
Depending on where you live, you can run a search on google that will provide you with a list of people or businesses willing to pay cash for damaged houses in your vicinity. The search could be “sell my damaged house fast in New Jersey,” if the said house is in New Jersey.
When you get results of people and firms who can buy your house for cash, do your due diligence and contact the reputable ones to set up a property inspection or appraisal meeting. Not to worry, the inspection isn’t as grand as the inspections done during conventional sales. The cash buyer simply looks over the property’s features, sometimes online, in order to make you a reasonable offer.
Can I Reject an Offer?
Yes, please. You can reject a cash offer if you think it’s not worth the value of your property. Nonetheless, that shouldn’t be the death of the transaction. When you reject an offer, you can renegotiate with the buyer. Also, you can reach out to several investors, and consider their proposals; and, when you get an offer that you are comfortable with, close the deal with that buyer, and reject the other offers.
Is Selling My House for Cash the Only Way I Can Sell My Damaged House?
The short answer to this question is No! Outlined below are two other options you can explore when you are trying to sell your damaged house.
- Fix The House and Sell Traditionally
This is the logical option you probably already know. If you want to sell your damaged house to another individual or family, you MUST fix it! Real estate agents won’t even take up your house for sale if they think it needs critical repairs. So, to sell your home in the conventional way of listing it yourself or with a realtor, you have to first fix all damages. Otherwise, your home may be listed for years without anyone calling to make inquiries about it.
On average, the cost of minor renovations like repainting and floor repair can range from $3,000 to $5,000. Major renovations such as new roof and HVAC system installation can cost as much as $10,000. Overall, when you calculate how much money and time it would cost you to fix your damaged house before you can put it on the market, you’ll realize selling your house as-is for cash is your best bet.
- Sell Your House For Cheap
The other option is to list your damaged house as-is on the market, then do a massive slash on the pricing to make it more enticing. However, selling a house with substantial damages is not as easy as placing a low price on it. While it may be cheap, when the prospects calculate the money, time, and effort that will go into fixing up the house, 9 out of 10 will pass on the offer.
Besides the inability to take on the burden of a damaged house, most people want a house they can move into once they buy it. They may have reasons such as not wanting to pay rent for an extra month or needing to move in urgently. Whatever their reason may be, you may have to offer your house at a ridiculously low price to stand a chance with them.
Final Answer!
Yes, you can sell your damaged house, and there are several ways to do it. However, your best option to sell your damaged house fast is to sell it to investors for cash. This way, you won’t have to spend money fixing it up before you can get a good deal for it. And, in addition to getting a fair price for it, you’ll also get paid in cash immediately.
Looking to sell your damaged house fast instead of spending thousands of dollars fixing it up?
No house is too damaged to sell to (insert company name). Let us help you out. We can pay cash for your damaged house, no matter the condition, and get it off your hands instantly. Just contact us today, and we will get the process started immediately!
