You’ve come to the difficult decision to sell your house, but you realize there is some damage to the property. 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 San Antonio.
Tip #1: Include As-Is in Your Listing
One way to sell your house with damage in San Antonio 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, and any interested buyers will understand this. 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 may not mind As-Is listings.
Tip #2: Inspect and Disclose Everything!
If you are planning on selling your house with damage in San Antonio, be sure to have the property inspected and disclose any known damage to potential buyers. Taking such steps and disclosing the findings from the inspection will inform the buyer and give them the opportunity to decide whether they are willing to take on the needed repairs if they choose to buy the property. In some cases, if there is significant damage, it may be worth it to demolish the structure and build a new one to the buyer’s taste. This is especially the case in areas with a great location where the land is valuable, such as a waterfront property.
Tip #3: Visually Spruce it Up
Another tip for selling your house with damage in San Antonio 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. Keep in mind the repairs that will need to be made so you don’t waste your money improving the look of an area that will just be destroyed during repairs anyway.
Tip #4: Entertain “low-ball” offers
Another tip for selling your house with damage in San Antonio is to entertain “low-ball” offers. If you have 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 entertain a few of these offers and really take them into consideration. With damage, you will probably not receive offers near the average market value, so you may have to sell at a lower amount than you maybe would prefer.
Tip #5: Sell Directly to a Home Buyer
One of the easiest ways to sell your house with damage in San Antonio is to sell directly to a professional home buyer. Home buyers are always looking for properties to purchase and are generally prepared to buy properties as-is – meaning you won’t have to make any repairs. Working with a home buyer can be the quickest and easiest way. You will likely be able to negotiate that the buyer pays all closing costs. You will likely be offered a lower than market price for your property but not having to make any repairs, not paying realtor fees and selling quickly may be worth a lot to you!