Need to sell a house fast, but worried about extensive repairs? To sell a damaged property, you need to be aware of the ins and outs of the real estate market. Typically, home repairs are either too costly or enormously time-consuming.

While a damaged house is difficult to sell to individuals, there is still some light at the end of the tunnel. Today, you also have an option to sell a residential property as-is.

Selling a Home As-Is

If your house has been damaged by a fire, flood, mold, or earthquake, you may consider selling it fast without investing time and money or repair.

Contrary to popular belief, you can also earn a decent amount of cash by selling a property as-is. It’s however, important to note here that when you sell a home on an as-is basis, you need to be transparent about all the flaws and faults of the property. There’s no need to hide any damage. It’s critical for both parties to know about all the issues, so they can come on the same page for deciding the financial matters.

If you’ve decided to sell the house without the repairs, here are a few tips that can help.

Tip for Selling a Flood-Damaged Property

Floods cause significant damage to the economy. In 2019 only, approximately 3.75 billion U.S. dollars’ worth of property and crops was damaged due to floods. Water damage causes significant damage to the house’s foundation. Besides damaging the structural elements, it can also cause serious damage to other valuables such as electronic appliances and furniture.

To prevent mold and mildew, you need to address water damage as soon as possible. If, however, you don’t have sufficient time and money, you can stage your home for selling.

House staging entails decorative home improvements such as repainting the walls, replacing the damaged furniture and pull up drenched and waterlogged rugs.

Besides, you can also use trendy lighting and stylish décor to distract the potential buyers.

Tip for Selling a Fire-Damaged Property

According to Statista, 361,500 fire incidents occurred in residential structures in the US in 2019. Every year numerous fire accidents occur in the country. Fire explosions occur because of several reasons. They can either be due to an electrical issue or because of unattended cooking equipment. If a fire incident occurred because of an issue in the electrical system of the house, you need to inform that the buyer.

However, you can still attract prospective buyers by highlighting the best characteristics of the home. For that, you need to properly clean every nook and corner of the property.  If there are any visible marks of smoke and damage, try to remove them. Also, it's best to remove the furniture or equipment that has burnt marks.

Additionally, a smoky smell can irritate prospective buyers. Make sure you get rid of any materials that were used for fire removal and the smell of smoke.

Tip for Selling an Earthquake-Damaged Property

There are two possible situations you may encounter while selling an earthquake-damaged property.

If the property is located on a fault line, you may find it difficult to sell the property at a good price. It’s because most people don’t prefer to live in an area where there are chances of getting collapsed by a disaster. Fair enough, right?

Although you can’t hide the incident from the buyers, you can still make some improvements to highlight the attractive features of the house. Home improvement projects like landscaping and lighting installation in the patio can make your home enticing for prospective buyers.

However, if the earthquake occurred out of the blue and it was a one-time occurrence, it’ll be easier to sell the property. In this case, you’ll have to provide evidence to satisfy the customer.

Conclusion

Looking for a decent cash offer for burned house? Or want to acquire a fair cash offer for a flooded house in TX? You’re at the right place.

At RE-vest Investments, you can sell your damaged properties at fair rates without any repairs.

Contact us to learn more about our real-estate investment services.