What to Keep in Mind When Selling a Distressed Home

If your home is in disrepair, you may be discouraged about trying to sell it. You may think you need to bring in experts to get your home back to mint condition, which could potentially cost tens of thousands of dollars. But do you always need to go that far to sell your home? Are there ways to sell your home even though it’s not in the best condition? Before you try to sell your distressed home, keep these tips in mind. 

Is It Worth It to Repair?

First, it’s important to consider whether it would even be worth it to try and repair your home. Ultimately, you’ll want to weigh the cost of repairs versus the amount of money you’re going to make back on the sale. If you’ll be spending significantly more to fix the home than the amount it will likely sell for, then you may not want to bring in a repair company. You’ll also want to think about the time it will take to repair and sell your home, particularly if you need to get the property sold fast. 

Always Ensure Complete Disclosure

If you do decide to sell your home, whether or not you’ve made any repairs, it’s crucial that you maintain complete disclosure with your potential buyers. Always be upfront about any issues that the house has or any repairs that have been made. This can include everything from foundation issues to a leaky roof, septic tank problems, bug infestations, and more. If you fail to disclose an issue and the new owners run into problems, you could quickly find yourself with a lawsuit on your hands.

Work with Professionals

If you’re wanting to repair your home, always bring in the experts. Clean-up crews are trained to handle big messes and hazardous materials, if that’s a concern you’re dealing with. The crew may also be able to work with your insurance company to cover some of the costs of the clean-up. For big repairs, you should work with professionals to ensure everything is done correctly. Both you and your potential buyers will have greater peace of mind knowing all issues were handled with care. 

Consider Selling to a Cash Buyer

So, what if you’ve determined that it’s just not worth it to try to repair and sell your home? You don’t have to cut your losses. You can still make some money for your home by working with a cash buyer like Charm City Builders. We are one of the most well-respected cash buyers in the greater Baltimore area, purchasing homes as-is in just a couple of weeks. To begin, you’ll simply complete the form on our website and set up a meeting time with one of our property acquisition specialists. We’ll visit your property and make an offer within 24 hours. Then, you can select your closing date, and we’ll get the cash in your hands fast. For more information about working with Charm City Builders to sell your distressed home, contact us today!

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