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 Memphis 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 Memphis, 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 Restoration Properties, we are very experienced in fixing up properties and are happy to help if you need to sell a damaged house in Memphis.
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.
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 Restoration Properties, 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 Memphis area, and move on with your life!
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 Memphis, 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 Memphis 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 Restoration Properties, thrive on fixing up old homes, and helping owners escape their damaged Memphis 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!