Dealing with a home with structural damage can be a nightmare. Apart from the fear of your home possibly collapsing on you, you also have expensive repairs to contend with. For most people, there are only two main options really: to repair the home (which can end up costing you thousands of dollars) or to sell it. But are those really your only options?
Before you panic, take a step back. We’re here to let you know that you do have options, and all is not lost just yet.
Here’s how to sell a house as-is in Lexington, KY.
1. Locate all the damage
Some signs of structural damage can be easy to spot. These include doors or windows that won’t shut completely, uneven flooring, and cracking walls. Other signs, however, can be more difficult to see. Take the time to really examine your home for soil that’s pulling away from the house walls or crumbling brick/concrete.
It’s important to know what kinds of structural damage your home has and how bad it is if you want to sell it. As a seller, you are required by law to disclose to interested buyers any structural damage present in the home, particularly if it is hazardous.
2. Fix it
If the issues are minor and you have enough room in your budget to repair them, do it. This will make it easier for you to find a willing buyer.
If you don’t have the money to do all of the repairs, at least do the minor ones. This will help you raise the asking price and as well as make buyers more willing to purchase your structurally damaged home.
3. Sell it as-is
Lastly, you can sell the home as-is. There are multiple ways you can do this.
- Sell through a real estate agent
You can try selling your home through a real estate agent. When finding a real estate agent, look for someone who’s had experience in selling a home with structural damage. This prior experience will help your agent sell the best points of your home and negotiate for a good deal with interested buyers.If you’re selling your home as-is, take note that you’ll likely need to sell it from much lower than a (maintained) home of the same size and location. This is because buyers are not keen to shell out money on a home if they need to fix it up before moving into it. To help persuade them, you’ll need to shave a few hundreds or thousands off the price tag.
- Sell to a professional cash home buyer
A faster way you can sell your Lexington, KY home as-is is by selling it to a professional cash home buyer. Unlike individual buyers, a cash home buyer purchases homes using cash, so there’s no need to wait for loan approvals to come in.Professional cash home buyers are also in the business of renovating (or “flipping”) houses, so your home with structural damage is no problem for them. This allows you to sell your home for a good price without haggling or dealing with repairs.
Selling a home with structural damage can be difficult, but it’s not impossible. It’s all a matter of finding the right buyer. Now the question is: where do you find the right buyer?
Need More Info?
If you’re looking for a cash homebuyer in Louisville, KY, and are interested in selling your home with structural damage as-is, we buy houses as-is here at Rylo Homes. We are a real estate solutions company that specializes in solving your real estate problems for you. You don’t have to worry about any costly repairs or renovations, we can handle all that and more for you!
Our goal at Rylo Homes is to improve the overall quality of housing for the residents at Louisville, KY. We buy houses in Kentucky in just about any condition and situation, including foreclosure, probate, or fire damage. Let Rylo Homes make moving on easier for you and your family. For more information about our home buying process, give us a call at (502) 317-8553 today.
