The process of selling a home can be enough to stress anyone out, even if the home is in great condition. If the home is distressed, however, the stress only multiplies. Maybe you’ve inherited an old home and want to get rid of it as quickly as possible. Perhaps you need to move in a hurry and don’t have time to make repairs. No matter the circumstances, you still need to know: Can you sell distressed property?
What is a Distressed Property?
It’s important to first define what distressed property actually is. A distressed property is one that is about to be put up for foreclosure or repossession. In some cases, these homes need repairs, which often means that the home will be sold for a low price and later “flipped.” Distressed properties may be a bit harder to sell than other homes, but it is still entirely possible to sell a distressed property.
How to Sell a Distressed Property
First, assess how much your home is actually worth. Consider having an appraisal and/or inspection to get an idea of your ideal asking price as well as any repairs or renovations that will need to be made before selling. Once you have an idea of the repairs you’ll need to do, you can determine whether it’s worth it to make those fixes or sell your home as-is.
If you choose to work with a real estate agent, you’ll likely need to make at least some repairs. Realtors can help you through the process, but they can also cut into your profits with their commissions. Working with a cash buyer, on the other hand, can be a good solution if you need to sell your distressed home fast.
Work with Charm City Builders
Charm City Builders is among the most popular cash buyers in Baltimore. We’ve helped clients sell their distressed properties and receive fair cash offers in a week or less. You’ll simply fill out an intake form and wait for us to contact you about performing a walkthrough of your home. We’ll provide an offer within 24 hours, and if you choose to accept, you can set your closing date.
Working with Charm City Builders is the best way to sell your distressed property in Baltimore. Contact us today to learn more!