Sell a House With Water Damage

 

Many West Michigan homeowners have dealt with flooding and interior water damage. Whether the basement floods due to a rising water table, or thawing pipes begin to leak within the walls, water damage is hard to fix, and if left to sit, can become irreparable as mold and rot start to take over. There’s no question that it’s tough to sell a home with water damage. But if you’re simply looking to get out of a home with too much damage to fix, know that selling is easy with Renewed Homes. We’re a local, trusted real estate investor that purchases troublesome houses as is, and in cash. We see a number of homes with water damage and other major repair needs, and can help you get out of a home that’s simply too much work to keep up.

What to Know About Homes with Water Damage


Water can be one of the most devastating elements to any home. It seeps in between walls, under the roof, into floorboards, under carpet, and other hard to reach places that are difficult to dry out. It’s important to be realistic about your home with water damage if you’re looking to sell. If you plan to fix up some of the issues, you might get a higher price, but at the cost of the repairs. If you sell as-is, you’ll probably take a hit on that upfront price, but you won’t have to worry about repairs or cleaning. Here’s a few things to know about selling a home with water damage to help you choose a path that’s right for your home:

 

Address Issues Quickly

If the water damage in your home has happened recently, the best thing to do is address the issue as quickly as you possibly can. Do whatever you can to stop the leak, and then clean up damage that’s already occurred. The more quickly you dry up wet carpeting and walls, the less long-term the damage will be. If you can get all the water out, you’ll at least be able to stop mold and rot from forming. If you have a long-term leak you recently found out about, or if the water damage happened years ago and has since gotten worse, there’s less you can do to correct the damage.

 

Address Issues Quickly

If the water damage in your home has happened recently, the best thing to do is address the issue as quickly as you possibly can. Do whatever you can to stop the leak, and then clean up damage that’s already occurred. The more quickly you dry up wet carpeting and walls, the less long-term the damage will be. If you can get all the water out, you’ll at least be able to stop mold and rot from forming. If you have a long-term leak you recently found out about, or if the water damage happened years ago and has since gotten worse, there’s less you can do to correct the damage.

If you have the money to make repairs, do so, but if you don’t, know that you can still sell the home. Water damage is not a full barrier to a home sale. It may set you back a bit, and it could take longer to make the sale, but you still have options to get rid of that troublesome house.

 

Price Home Accordingly

When it comes to selling a home with water damage, you will have to consider the damages when listing your house. If you want your home to move, you’ll have to price it competitively according to how much work needs to be done to get the home back to a livable condition. Unfortunately, water damage repairs are often costly. If they’ve been left to sit, they’ve gotten worse, and as we’ve mentioned mold and rot are always a big concern. That’s why you need to price your home accordingly, and understand that you won’t get as much for your home as other homes in your neighborhood, because of that water damage.

Again, this doesn’t mean you can’t sell your home, it just means you’ll have to accept a little bit lower price. Know that unless you sell your home as-is, buyers are going to set up a home inspection to determine what the extent of the damage is, and how much repairs are likely to cost. That’s why it’s important to be honest and upfront with your buyers, so you can both go into the sale with a clear understanding of what the home needs, and how much it’ll cost.

 

Sell As-Is

If you have a home with major water damage, one of your best options will be to sell the home as-is. When you sell a home as-is, the buyer agrees to purchase it exactly as it is, without any repairs or clean-ups on your part. An as-is buyer goes into a sale expecting some amount of damage, and many as-is homes have at least a little water damage when they’re put up for sale. As-is sales don’t include inspections, which is why the buyer expects to get the home for a lower price than market value.

Selling a home as-is is the best way to get rid of a troublesome property quickly, and without a lot of hassle. If you just need to wash your hands of a home with water damage, and aren’t sure how you can sell it quickly, it’s a good idea to list as-is.

Renewed Homes is one such as-is buyer. We agree to purchase homes exactly as they are, and in cash, so that you can get out from under that troublesome property as quickly as possible. If your home has water damage, and you can’t afford to fix it, give Renewed Homes a call. We’ll schedule a walkthrough in less than 48 hours, and we’ll provide you with a fair, cash offer immediately. We’ve worked with a number of water damaged homes, and know your home is a project we can take on. To schedule an appointment for your water damaged home, give us a call or send us a message online today!

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