When you’re looking to sell your home fast for cash, you need to understand how much it’s worth. More importantly, you need to understand how much the damage to your home is going to cost you. Every house takes on wear and tear damage over time, and that’s okay. Scuffs, stains, and more are all just part of living in a space. However, this does detract from the final sale price of your home. Water damage is especially insidious and can be difficult to detect before it’s too late. If this is true for your home, here are some tips to understand how costly this might be to your sale.
Selling Your Home As-Is
Even with water damage, it’s perfectly possible to sell your home in as-is condition. You might earn a little less from the sale, of course, but that doesn’t mean it’s not still an option. Selling your home as-is means that you won’t need to pay for any repairs or renovations your home might need, which is a perk if you need to move quickly or it would cost more to repair your home than to just sell it. Selling your home in as-is condition will attract fewer buyers and mean that you sell for a lower price, but if your water damage is extensive enough, it might be worth considering. Often in this case, you’ll need to sell your home fast for cash with an investment company willing to make the repairs.
Paying For Repairs
As a seller, you can offer to pay for the water damage repairs with your buyers. This may entice more people to be interested in your sale, but you also may have to fork over thousands of dollars to pay for a home that you’re never going to live in again. Be careful before taking this option, because water damage repair often costs anywhere from $1,000 to $4,500 depending on the severity.
Negotiating With Your Buyer
You can always talk to your buyer if you’re having trouble selling a home with water damage. IF you agree to pay for part of the repairs, the buyer may pick up the other half– or the buyer may agree to pick up all of the repairs if you pay other costs associated with the sale. Many buyers are flexible with what costs they pay during the sale process.
What Is Water Damage Going To Cost Your Sale?
Almost 60% of houses on the market today have extensive water damage, especially if they include a basement. It’s not a bad thing for this to happen to your home– but if you’re trying to sell it, it can make the sale process more complicated. Don’t worry, though. There are several easy ways to ensure that your home sells on the open market.
If your home has water damage, and you’re looking to sell your house fast for cash, we can help. We buy houses fast for cash, even those with water damage. Learn more when you give us a call today.