5 Tips For Selling Your House With Damage in Columbia TN

You’ve come to the difficult decision to sell your house, but you realize there is some damage to the property. If you don’t have the extra cash to make the repairs before selling, here are 5 tips for selling your house with damage in Columbia TN.

Tip #1: Include As-Is in Your Listing

One way to sell your house with damage in Springfield, TN would be to include the term “As-Is” in your property listing. This will signify that you are not willing to make repairs to the property before the sale, and any interested buyers will understand this.

You must take into consideration that using “As-Is” in your listing will also signify that there is likely something wrong with your property and may deter buyers, especially since you will not fix any damage. On the other hand, there may be investors with large enough portfolios who may not mind As-Is listings.

You may also like to read our article “How To Sell a Home that Needs Repairs” to see the processes of evaluating and determining the costs of repairs. It will guide you in selling a house in poor condition or needs only minor repairs.

Tip #2: Inspect and Disclose Everything!

Another tip for selling your house with damage in Columbia or Murfreesboro is to have the property inspected and make sure to disclose any known damage and past repairs to potential buyers. Making these inspections and disclosures available on your listing will help the buyers determine how severe the damage is and if they are willing to repair it if they buy it.

Some properties may be in such disrepair that it is less expensive to have the structure demolished and build a new structure to the buyer’s taste. Some properties have such a great location that the land itself is worth most of the asking price and it is worth buying and tearing down the structure, especially if it has some other fantastic feature. However, if it is a historically significant or architecturally important, the zoning board may not allow its destruction.

Tip #3: Visually Spruce it Up

Another tip for selling your house with damage is to visually spruce it up. The damage might not seem so overwhelming if the rest of the property is taken care of. This may include a fresh coat of paint, a few new flowers in the flower bed, or just simply pressure washing the property. This will help make the property look more promising and more ready to be occupied. Plus it gives the buyers a sense the property has been taken care of. It is a great way to sell house as-is for cash.

Keep in mind the repairs that will need to be made so you don’t waste your money improving the look of an area that will just be destroyed during repairs anyway. Don’t camouflage damage and not disclose it. This could lead to a lawsuit that you will probably not win.

Tip #4: Entertain “low-ball” offers

Another tip for selling your house with damage in Columbia or Springfield is to entertain “low-ball” offers. If you have added “As-Is” to your listing, disclosed all known damage and previous repairs, and visually spruced up your property, you will most likely be receiving many offers that you feel are a bit too low. You may need to entertain a few of these offers and really take them into consideration. With severe damage, you will probably not receive offers near the average market value, so you may have to sell at a lower amount than you maybe would prefer.

If you receive multiple low-ball offers, use the offers to work the price up. Some hungry buyers will increase their bids.

Tip #5:  Sell Directly to a Home Buyer

One of the easiest ways to sell your house with damage in Murfreesboro or Nolensville is to sell directly to a professional home buyer. Most of these buyers are in search of any property they can get their hands on and are willing to purchase them with damage. Most of these home buyers will also make you cash offers with short closing time frames. This would be the ideal buyer to go with because you do not have to work with a real estate professional, you probably won’t have to deal with showings or make repairs from inspections or do any improvements at all to your property.

You will also have to be prepared to receive a lower than market value offer from these buyers since they are willing to put in all of the work and may also pay for your closing costs! It is a good way to sell house as-is for cash and fast.

To discuss these and other tips for selling your house with damage in Columbia, Springfield, or Murfreesboro, give Southern Homes Investments a call at 615-235-0612 or send us a message now! We would like to talk to you about your house and see how we might help you.

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