Can I Still Sell My Damaged House in Fort Worth, Texas?
The answer is yes. You can sell your damaged house in Fort Worth, Texas. The best way to sell your damaged property is to work with a company that buys houses in Texas. A cash home buyer can assess your property's market value in its current condition and offer to pay cash for your house as-is. You can sell your house fast regardless of its current condition.
A cash home sale with a house-buying company allows you to sell your house without making home repairs, hiring a real estate agent, or listing the house on the market. Even if you still have a balance on your mortgage, you can still get out of the mortgage and get rid of the house. You and your family can start over in a new home.
What is a Damaged House?
A damaged house is a house that has significant structural or systemic damage due to negligence, vandalism, or a natural disaster. In most cases, the damage costs thousands of dollars to repair. Instead of fixing the damage, most homeowners prefer to sell the house and start over. However, a damaged house does not typically sell well in the market due to the extent of the damage.
Why Is It Hard to Sell My Damaged House Fast?
There are several reasons a damaged house will not sell.
Most damaged houses have major structural problems that make them unsafe.
- Weak roof
- Worn out framework
- Holes in the flooring
- Damaged electrical system
- Molded or rotting wood
- Cracked foundation
While some structural issues are easy to identify, others may not emerge until after the homeowner has purchased the home. Problems with the framework, electrical wiring, or septic system can create an unhealthy and unsafe environment. For this reason, many homeowners prefer a move-in-ready house over a damaged house.
Some of the most expensive house projects involve repairing structural damage. Foundation repair, roof replacement, mold remediation, central air replacement, ponding issues, Septic system replacement, or water line replacement can cost thousands of dollars. If you are trying to sell your house, you may not have the funds to make the repairs and the property sellable.
Trying to pass these repairs off to a new homeowner is nearly impossible. A buyer doesn't want to sink thousands of dollars into a repair right after moving into a home. They're too busy dealing with a new mortgage and monthly utilities.
Insurance and Warranties
One of the selling points of a home is that it is still under warranty or insurable. A home in good condition costs less to insure than a damaged house. Someone who is buying a house may not afford large insurance premiums to live on the property. Even if they can afford insurance, there is a good chance that the home is no longer under warranty due to the damage.
If a storm or fire damages the home after you sell it, the homeowner may incur 100 percent of the repair costs. The insurance company could deny the claim, citing that the home had pre-existing damage.
How Do I Sell My Damaged House Fast?
The fastest way to sell your damaged house is to sell it to a house-buying company in Texas. A cash home buyer is an investor willing to pay for your house. In other words, you do not have to repair or upgrade the house. The buyer agrees to purchase the property as-is, allowing you to walk away without strings attached.
The process of selling a house for cash is simple. First, contact the buyer and tell them about your house and why you are selling it. Second, the buyer assesses your property value, including the damage, and makes a cash offer on the house. Last, if you agree to the cash offer, negotiate the sale's terms, sign the paperwork, and close the sale.
Sell My House Fast for Cash in Fort Worth, Texas
If you are ready to sell your house or commercial property, then now is the time. You don't have to wait for months to sell your house. Model Realty can make a cash offer and put cash in your hands in as little as 30 days. Call 817-533-7767 to schedule a walkthrough of your property. Sell your house fast for cash in Fort Worth, Texas.