You’ve come to the difficult decision to sell your house, but you there is some damage to the property. Perhaps it needs a new roof, or there is other external damage. Maybe the kitchen cabinets are missing doors or the floor tiles are cracked. It might be you have a burned house from a fire. If you don’t have the extra cash to make the repairs before selling, here are 5 tips for selling your house with damage in Brevard County.
Tip #1: Include As-Is in Your Listing
One way to sell your house with damage in Brevard County would be to include the term “As-Is” in your property listing. This will signify that you are not willing to make repairs to the property before the sale (but some will still ask for repairs, even if they’ve offered using an “As-Is” Purchase Contract.) By including the words “As-Is” in your actual listing narrative, most interested buyers will understand that you are not willing to make any repairs. However, you must take into consideration that using “As-Is” in your listing will also signify that there is likely something wrong with your property and may deter buyers, especially since you will not fix any damage. On the other hand, there may be investors with large enough portfolios who will welcome As-Is properties.
Tip #2: Inspect and Disclose Everything!
When selling your house with damage in Brevard County be sure to disclose any known damage to potential buyers. You may want to hire a property inspector to determine how severe the damage and identify other issues that you may not be aware of. Make these inspections and all disclosures available on your listing to help the buyers assess if they are willing and able to do the repair if they buy it. Failing to disclose known defects can lead to unnecessary legal issues after closing. Some properties may be in such disrepair that it is less expensive to have the structure demolished and build a new structure to the buyer’s taste. Some properties have such a great location that the land itself is worth most of the asking price. A buyer may opt to tear down the structure completely, especially if it is a great waterfront property or has some other fantastic feature.
Tip #3: Visually Spruce it Up
Another tip for selling your house with damage in Brevard County is to visually spruce it up. The damage might not seem so overwhelming if the rest of the property is taken care of. This may include a fresh coat of paint, a few new flowers in the flower bed, or just simply pressure washing the property. This will help make the property look more promising and more ready to be occupied. While making these “cosmetic” improvements, keep in mind the repairs that will need to be made; you don’t waste your money improving the look of an area that will just be destroyed during repairs.
Tip #4: Entertain “low-ball” offers
When selling your house with damage in Brevard County be prepared to entertain “low-ball” offers. Even if you’ve added “As-Is” to your listing, disclosed all known damage, and visually spruced up your property, you will most likely be receiving many offers that you feel are a bit too low. You may need to some of these offers into consideration, but it could involve several negotiations back and forth. With damage, you will likely not receive offers near the average market value, so you may have to sell at a lower amount than you prefer.
Tip #5: Sell Directly to a Home Buyer
One of the easiest ways to sell your house with damage in Brevard County is to sell directly to a professional home buyer. Most professional home buyers are in search of any property they can get a deal on and are willing to purchase them with damage. Most of these home buyers will also make you cash offers with short closing time frames. Using a professional home buyer would mean no added real estate commissions, not dealing with multiple showings, or inspections, or doing any repairs or improvements to your property at all. You will have to be prepared to receive a lower than market value offer from these buyers since they are investors, but they may also pay for your closing costs!