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 ExpensiveSome 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?
|Air Conditioner Replacement||$4500|
|Electrical Home Wiring||$5500|
Options for Selling Your House As-IsEven if your house is damaged, you still have options for selling it.
Option 1: Include As-Is in Your Real Estate ListingYou 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 BuyersYou 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 InvestorThe 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
Step 2: Let Us Make a Fast Cash OfferIf 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 CashDo 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 CashToday, 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.
Sell Your House for Cash in DMVDo 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:
|Vienna||Washington, D.C.||Arlington County|
|Fairfax County||Loudoun County||Montgomery County|
|Prince George's County||Prince William County|