Do you need or want to sell your house but your house is damaged and in need of repair? If you don’t have the funds to make the repairs before selling then check out the tips below. Here are 5 tips for selling your house with damage in Orlando:
Tip #1: Include As-Is in Your Listing
You can list your house “as-is”. This will signify that you are not willing to make repairs to the property before the sale. However, even in “as-is” listings, the buyers often will come back to you with a list of repairs they need made before closing so they can get financing OR they may request a price concession from you so they can make the necessary repairs. In addition, using “As-Is” in your listing will also signify that there is likely something wrong with your property and may deter buyers. On the other hand, there may be investors with large enough portfolios who may not mind As-Is listings.
Tip #2: Inspect and Disclose Everything!
Another tip for selling your house with damage in Orlando is to have the property inspected and make sure to disclose any known damage to potential buyers. Making these inspections and disclosures available on your listing will help the buyers determine how severe the damage is and if they are willing to repair it if they buy it. This obviously has a cost associated with it because you are paying for the inspection up front (and they will likely want to do their own) but it is usually under $500. Some properties are in such disrepair that it is less expensive to have the house torn down and a new house built from the ground up.
Tip #3: Visually Spruce it Up
Another tip for selling your house with damage in Orlando is to make it look nicer. 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 inside or outside, fresh flowers in the flower bed, or simply pressure washing the property. Curb appeal is huge and this will help make the property look more inviting overall. Keep in mind not to improve an area that is in need of repair because that will be redone anyway and not add much value.
Tip #4: Entertain “low-ball” offers
Another tip for selling your house in need of repair in Orlando is to entertain “low-ball” offers. If you have added “As-Is” to your listing and disclosed all known damage, you will most likely be receiving offers you feel are too low. However, you may need to entertain a few of these offers and really take them into consideration. Depending on the amount of repairs or updates needed, you may not receive offers near market value, so you may have to sell at a lower price than you would prefer. The reality is, you can’t have your cake and eat it too. You have the choice to make the repairs and updates needed and expect market value offers OR not deal with any repairs and/or updates and take an offer that allows the buyer room to make those improvements themselves.
Tip #5: Sell Directly to a Home Buyer
One of the easiest ways to sell your house with damage in Orlando is to sell directly to a professional home buyer, like us! We are actively buying properties every month and are willing to purchase them with damage and/or updates that need to be done. We will also make you cash offer with a short closing time frame, if that is something that will help you. This may be the ideal situation because you don’t have to work with a real estate professional and pay 5-6% commission, you won’t have to deal with showings or order inspections or do any repairs to your property at all. Because we take care of all of that after closing and we cover all fees and closing costs, you will also have to be prepared to receive a lower than market value offer.