As important as access to running water is for our survival, it can cause enormous damages to our houses. Water damage in a home could lead to severe damage such as mold problems, ceiling cracks, floorboard problems, electrocution, upholstery, and electrical appliances damage. All of these damages could culminate into making your house undesirable to potential buyers.
According to research, at least 37% of homeowners have suffered losses caused by water damages. So, you’re not alone in searching for ways to sell a water-damaged house. In this post, you’ll learn the pros and cons of the two major steps you can take when you are looking to sell your water-damaged house. That is, repairing the damage before selling or selling the water-damaged house as-is.
First, What Are The Most Common Source of Water Damage?
Water damages in your house could be from one source or a combination of different sources. Knowing the common water damage sources in a house makes locating and stopping the damage to your house faster and easier. Here are some of the most likely sources of water damage in your house:
❖ Leaking Pipes
This is awful news! They could lead to huge problems even when the leaks are just tiny drops, and not gushes. Leaking pipes can be caused by various factors, including rusting, freezing, and water pH. Thankfully, leaking pipes can be easily diagnosed if you are observant. A drop in the water pressure from your tap could be a telltale sign that all may not be well with your pipes. Also, watermarks on your ceiling and paints, soggy-wet spots on your floors, peeling walls are all indications of a possible pipe leak. If you notice any of these signs, call your plumber ASAP!
❖ Flat Roofs
Your house is more likely to be water-damaged if there are flat spots on your roof. Flat spots can create dents that let water collects into puddles instead of running down as it is supposed to. Usually, these flat roofs are caused by a steady pile-up of debris on your roof. The weight of these junk creates the dents on your roof where water collects.
Water damages from a flat roof may take some time to notice, but the signs can be noticed in the form of ceiling leaks and cracks. To prevent water damages caused by flat roofs, you have to fix dented spots on your roof where water collects. If the condition is worse, and in several spots, you may have to re-pitch the roof of your house.
❖ Clogged Drainages
How exactly does the drainage outside your house affect your house? Here’s how. Drainages outside your house, if clogged with debris, impedes the flow of water. The interruption in water flow can lead to an accumulation of water that then overflows and affects your home. Such water overflow can lead to flooding in your home, wall discolorations, shifting foundation and more. When you notice a problem with water flow in the drainage, call a professional to look at it before it wreaks further havoc.
So, What Are Your Options For Selling Your Water-Damaged House?
Repair The Water Damage & Sell
If you’re unlucky to catch any of the sources of water damage before serious havoc is done, your next course of action is most likely to repair these damages before selling the house. However, how wise is this decision? Let’s take a look at the pros and cons of repairing water damages before selling your house:
Pros of repairing and selling
- A house that needs a lot of repairs typically costs much less. Depending on the severity of the damage, your house could cost a lot less with water damage. However, if the water damage is fixed, the value of your house will most likely appreciate to current market value.
Cons of repairing and selling
- The primary trouble with repairing your house before selling is the cost of repair. Water damage renovations can be so extensive expensive that you may not be able to afford it.
- After carrying out expensive repairs, it may take months to find a buyer willing to offer you enough money to cover your expenses. Thus, there’s a high chance you’ll end up selling at a loss.
Sell Your Water-Damaged House Without Repairs for Cash
Selling your house as-is for cash is a viable option to get rid of your water damaged property. However, how great is this option? Well, selling your water damage house in a traditional setting without carrying out repairs is super challenging. First, you may not get a lot of offers for it, and when you do, you may not be able to close anyone after the prospective buyers see the severity of the damage. Let’s take a look at the pros and cons of selling your water-damaged house for cash without repairs.
Pros of selling your water-damaged house for cash
- You don’t have to worry about in-depth home inspection and appraisal. Investors who buy houses for cash, like QuicknEasy Offers, are willing to buy the property no matter how ruined it is, without needing you to carry out any repairs.
- You can close a cash offer with an investor in less than 7 days. Thus, your home doesn’t have to be listed for months with no offers, simply because you don’t have the funds to repair the water damages.
- You can sell your house yourself without a real estate agent, which means you can keep all of the cash you get for your home. Hence, no need to pay a commission or any hidden charges.
Cons of selling your water-damaged house for cash
- You may have to sell at a considerably lesser price than the market value. However, you’ll get a fair offer that would be more profitable than when you fix the house at an expensive cost and try to sell.
- While there are so many legit investors buying houses for cash, there are also numerous scammers out there posing as investors. Therefore, you have to be cautious and make sure you’re selling to a certified real estate investor, like QuicknEasy Offers.
Are you looking to sell your water-damaged house fast without repairs? Contact us today at QuicknEasy Offers to get a cash offer!
