If you own a house that is in disarray or in need of repair, don’t fret. There are ways you can sell your house without having to pay for all the required repairs. If you need to sell a damaged house in the San Antonio area, our latest post will help you save time and money on the sale of your home.
In order to sell a damaged house in San Antonio, you’ll need to be able to get in front of the right buyers. Many buyers are looking for a house they can move in to right away or rent out for investment. The idea of taking on a new property, that comes with damages, can seem very stressful and off-putting to many buyers. Your best bet will likely be finding the right investors who don’t mind taking on damaged property. At Rescue Real Estate Help, we are very experienced in fixing up properties and are happy to help if you need to sell a damaged house in San Antonio. Selling on the retail market while possible is not as easy as selling a home that is move in ready. The buyers who have to use a loan to buy must have a loan that allows for the condition of the house. Most loans require a house to be safe and secure. There are certain guidelines that a loan has to follow such as the home has to have heat, it doesn’t have to have air conditioning, it have to have essential things like a sink and a stove, and depending on the type of loan no things such as rot or missing flooring. We can guide you on if your house is in a condition to be financed.
Your Selling Options
Quite obviously, if your house is damaged, you can fix it. This is likely going to be your best choice if you want to sell it for a price that is competitive with others on the market. That said, many people don’t want to spend a bunch of money on a property they are selling without any guarantee of a return.
Instead of spending money on repairs, you can choose to list your house as-is. While you may be offering it at a fair price, if your average buyer sees pictures making the house look bad, or sees that there are a number of repairs required in your property description, you might have some trouble getting enough attention to the property in order to sell it. Many buyers do not want to take on a project so they will pass on even viewing the house. The other issue is what is in the above paragraph about the loan requiring certain criteria to be met for financing the house.
Typically the fastest and easiest way to sell a damaged property is to get it in front of an investor or a direct buyer. If you choose to sell to Rescue Real Estate Help, we will buy as-is, potentially saving you thousands of dollars in repairs. Plus, we are able to close very quickly so you can easily sell your damaged home in the San Antonio area, and move on with your life! Investors know what they can do with a property and if it will work for what they plan to do, be it renting or flipping, etc.
Ask Yourself These Questions…
How Much Do You Want To Spend Upfront?
If you have the cash upfront, you might consider fixing up the house and putting it on the market. This can require a good amount of time, and will not come with any guarantees. If you spend a fortune fixing a damaged property in San Antonio, there is no guarantee you will get it back.
Who Is Your Ideal Buyer?
Is it realistic to fix up the property and put it on the market? Do you honestly believe that you will be able to find buyers for your damaged property, willing to pay what you need? If so, and if you have the time to wait and find out, consider listing your San Antonio house. Or is the damage so severe that your ideal buyer would actually be an investor, with the means to fix up the property? Many investors, such as the team at Rescue Real Estate Help, thrive on fixing up old homes, and helping owners escape their damaged San Antonio properties!
Owning damaged property can be stressful. The repairs can be expensive and you can be held liable for any injuries that occur. If you are not able to make the needed repairs, it might be time to sell your damaged house. You don’t have to hire an agent. Learn more about selling your house as-is, so can be rid of your troublesome property once and for all!
To learn more about how to sell a damaged house in San Antonio, get in touch with our team today! (210) 951-9511
**I am not a lawyer nor a practicing accountant. This Website provides general information related to the legal matters designed to help but does not provide legal advice. Although we work to make sure our information is accurate and useful, we recommend you consult a lawyer if you need/want legal advice. No attorney-client or confidential relationship exists or will be formed between you and us.