Selling a damaged house can be a stressful experience for homeowners, especially if they are not familiar with the real estate market. A damaged or rundown house can be a major obstacle when it comes to selling a property. Buyers tend to look for move-in ready homes that require little to no work. However, if you own a damaged house in the Killeen area, there are still ways to sell it without having to invest in expensive repairs.
If you’re looking to sell your damaged house in Killeen, your best option is to find the right buyer who is willing to take on the property in its current condition. Many buyers are not willing to take on the risk and expense of repairing a damaged house, which is why it’s essential to target the right audience.
Your Selling Options
Fix It
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.
List As-Is
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.
Sell Directly
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 Liberty, 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 Killeen area, and move on with your life! The flip side is you will trade some money for the rapid sale and overall convenience so you should 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 Killeen, there is no guarantee you will get it back.
What Is Your Timeline?
If you need to sell your damaged house quickly, listing it as-is or selling directly to an investor may be your best options. If you choose to fix it up, you will need to factor in the time it will take to complete the repairs and then market and sell the property.
What Is Your Selling Goal?
Are you looking to get the highest price possible for your damaged house, or are you more concerned with selling it quickly and without hassle? If you want to maximize your profits, fixing up the house may be the way to go. However, if you need to sell quickly or don’t want to deal with the stress and expense of repairs, selling as-is or directly to an investor may be a better choice.
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 Killeen 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 LHB, thrive on fixing up old homes, and helping owners escape their damaged Killeen 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 (check out one of our resources on how to sell my house fast here). 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!
