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IMPORTANT UPDATE: CARES Act Mortgage Forbearance Period Ending

My Property Is Damaged. Can I Still Sell My House?

Selling a damaged house is almost impossible in today?s competitive real estate market. If you list your house on the market and go through a realtor, you will likely need to make some repairs so that the house passes inspection and attracts home buyers. This can be a sizable investment that may not be worth the money or the effort you put into fixing the house.

Even after you?ve repaired the house, you may not get your asking price. Plus, you?ll have to pay closing costs and realtor commissions. A better option may be to sell your house as-is to a local home buyer in the DMV area. If your house was damaged due to a natural disaster, old age, or a fire, an investor might still be interested in looking at the property and making a fair cash offer. You can walk away from the damaged house with no strings attached.

Repairing a Damaged House is Expensive

Some of the most expensive repairs are caused by storm damage, fires, or flooding. In many cases, the damage is structural. You may have to restore the roof, flooring, framework, or a major system such as the electrical wiring or plumbing. In worst-case scenarios, you?ll have to repair the foundation or replace an entire roofing system. These types of projects can cost thousands of dollars. Even if you have that kind of cash up front, the repairs will still eat into most of your profits when you sell the house.

How much do major home repairs cost?

Project

Average Cost

Roof Replacement $7500
Window Replacement $17,000
Air Conditioner Replacement $4500
Mold Removal $2100
Appliance Replacement $900
Flooring Replacement $3800
Electrical Home Wiring $5500
Foundation Repair $3200
Water Heater $750
Termite Damage $2800
  Most major home repairs are necessary for your house to pass inspection or make your house more attractive to buyers on the market. By the time you spend thousands of dollars on repairs, you may not profit from the sale. When combined with realtor commissions and closing costs, listing your house on the market and selling it the traditional way may not be worth it.

Options for Selling Your House As-Is

Even if your house is damaged, you still have options for selling it.

Option 1: Include As-Is in Your Real Estate Listing

You can include as-is in your real estate listing. What the buyer sees is what the buyer gets. Even if the buyer requests an inspection, it is only to determine what is wrong with the house. You make it clear that you will not repair any damage. The market value of your home may plummet considerably. However, you may be able to sell the house to someone who doesn?t mind making the repairs.

Option 2: Offer a Pre-Inspection to Buyers

You may be able to talk to more potential buyers if you don?t list the house as-is but offer a pre-inspection to any interested buyers. You then disclose everything on the inspection report. The buyer may attempt to negotiate a lower price. However, they may still purchase the house if they are willing to do the repairs.

Option 3: Sell to a Local Home Buyer or Investor

The easiest way to sell your damaged houses fast is to speak to a local home buyer in the DMV area. When you work with an investor, you can bypass the traditional route. You do not have to list your house, pay for an inspection, or wait several months for a buyer. An investor will make a fair cash offer at just under the current market value of the property. You do not have to make any repairs. Plus, you avoid realtor commissions and closing costs.

Request Your Fair Cash Offer:


    How to Sell Your Damaged House Fast in DMV

    The first step is to pick up the phone and call one of our local house investors in the Alexandria, Virginia area. Simply schedule a quick walkthrough of the property. There is no need to make any renovations, prepare the house to show, or even clean up. We are happy to view the property as-is.

    Step 2: Let Us Make a Fast Cash Offer

    If we decide we want to move forward with buying the property, we'll make a competitive cash offer based on a percentage of the house's value. We can negotiate a fair cash offer that puts money in your pocket and allows us to make a good investment.

    Step 3: We Pay You Cash

    Do you like the offer? Then schedule a closing date that works for you. We show up, sign the papers, and pay all closing costs and fees. You pay nothing. We can pay cash in as little as seven days after closing.

    The Benefits of Selling Your House for Cash

    Today, the real estate market is unreliable at best. There are no guarantees that you will sell your house, get the asking price you want, or make a profit after paying closing costs, realtor commissions, and repair costs. There are several reasons why selling your house for cash is a better option:
    • You pay no closing costs, realtor commissions, or other fees.
    • There is no reason to renovate, repair, or prepare your house.
    • You can avoid listing or showing your house to potential buyers.
    • Choose your closing date without waiting.
    • We buy your house as-is ? don't bother cleaning it.
    • You work with a local house buyer in the DMV area.
    • We make a fair, competitive offer just under your house's market value.
    With all the benefits of selling your house for cash, you owe it to yourself to explore it as an option. Let us take your property off your hands. You walk away free and clear with no strings attached.

    Sell Your House for Cash in DMV

    Do you live in Washington, D.C., Maryland, or Virginia? If so, contact Fortune homes today. Sell your house fast for cash in DMV and the surrounding area. We buy houses as-is in any condition. Call 202-918-9800 to schedule a quick, no-obligation visit with one of our local cash home buyers. Our company purchases property as-is in the following areas:
    Alexandria Fairfax Falls Church
    Manassas Rockville Silver Spring
    Vienna Washington, D.C. Arlington County
    Fairfax County Loudoun County Montgomery County
    Prince George's County Prince William County

    Request Your Fair Cash Offer:


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