Selling Damaged Houses
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Selling a damaged house is not an easy process. As a matter of fact, any kind of damage in the house is bound to adversely affect its sale price. The more the damage, the less the selling price. If you own a house that is damaged, one question that might bother you is —
how do I sell my damaged house? A perfect house fetches a high sale price. On the contrary, a damaged house is not preferred by anyone, be it the lenders, insurance companies, or house buyers. Damaged houses typically require a lot of cleaning and repair work; hence, its sale price will not be as much as a house in move-in condition. Homes that require a lot of work will not sell for the same amount as comparable homes that do not require work. Buyers will refuse to pay top market value for homes with deferred maintenance. Moreover, most buyers demand an added incentive as compensation for unforeseen problems as well. For example, a home that requires $50,000 of work among homes selling for $400,000, will not command a price of $350,000. That's not how it works. A contractor, say, who plans to resell the home in fixed-up condition, will expect a reasonable profit and will factor in the costs of resale upon purchasing as well. This means the home will likely sell for less than $300,000. Which buyer will pay top market value for your damaged home? Many people clean up and repair their houses before selling it, the reason being simple—getting maximum profit out of the deal. However, a lot of house owners are not able to thoroughly clean and repair their houses due to several factors such as time, lack of willingness, and lack of tools and knowledge required for carrying out the work. Although selling a damaged house is a difficult task, there is one solution. Good style by Olga partners with Century 21 St. Andrew’s Realty Inc. in what we call a Recovery of your house to a selling condition and selling it for top money possible. We work in cooperation with Alex Begounov – Realtor experienced in staging and selling previously damaged properties. So, instead of worrying about how to sell your damaged house, approach Good style by Olga. All you need to do is submit the information about your house. The rest will be taken care of by us. We will try our best to serve your needs. So instead of giving up, why don’t you head on to Good style by Olga that could absolutely help you out? You may never know what we can do for you unless you seek and ask us to. |