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Selling your house is stressful enough but when your house needs lots of repairs, the process can be overwhelming and full of uncertainty: Will you get any offers? What will the inspection reveal? Will your buyer expect you to make repairs? Will your house appraise high enough for your buyer to get financing? Will your house even qualify? Don’t deal with with picky buyers and pushy real estate agents.
Take the uncertainty out of your house sale. Because we are cash home buyers, you don’t have to worry about if your house will appraise high enough. Also, we are experienced at buying fixer uppers, so we don’t need to include an inspection contingency. No requests for repairs or upgrades, seller concessions or credits, or closing cost help; just a quick, hassle-free house sale, so you can get the cash you need and start concentrating on the truly important things in life. To sell your fixer upper fast for cash, fill out our seller form now. It only takes a minute. There is no obligation and your information is held in the strictest confidence.
Articles on Selling Your Fixer Upper House
Are you selling a house that needs significant repairs? Does it have mold? Fire damage? Water or Storm or Flood damage? Is your house a tear-down house? Selling a house in good condition can be a challenge in today’s market, but when your house is in poor condition, it can sit on the market for months without an offer.
Below are some articles on common issues and questions homeowners have when selling a house that needs extensive repairs.
Don’t see your question or issue? Drop me a line at email@example.com and I will be happy to address it in my next article.
Can I Sell a House with Black Mold?
When you are preparing your house for sale, the only thing worse than finding mold is finding black mold. In many cases, black mold is toxic and not only will it scare off homebuyers, but it can prevent buyers from qualifying for an FHA mortgage to purchase your home (and these days, most first time homebuyers are using FHA loans).
So what are you options for selling if your house has black mold?
Option 1: You can try to cover it up. This option is not only unethical but it is illegal. Sellers are required to disclose to buyers any material defects in a property that they are selling. Material defects include those that pose a health risk to the buyer and to potential occupants of the home, which certainly include mold. If mold is discovered after the sale, and the new homeowner can prove you knew about it, they can sue you and do so successfully.
Option 2: You can have the mold removed. The cost of mold remediation varies greatly with the extent of the mold infestation. The safest path is to have a mold remediation specialist inspect the property and give an estimate of the work that needs to be done and how much it will cost. Please note, even after you have the mold remediation work done, and have been certified as mold-free, you are still required to disclose the previous mold issue to potential buyers. This probably won’t affect your ability to sell but you may end up having to sell for a lower price.
Option 3: You can sell your property as-is to us. In my time buying houses, I have seen it all when it comes to houses that need repairs. Because we pay cash, you don’t have to worry about will your house qualify for financing or will it appraise high enough. You won’t have to pay for expensive mold remediation and then run the risk that the house won’t sell for enough to make your money back.
At webuyDCMetrohouses.com, we buy houses that need repairs, including black mold houses. We always offer a fair cash price, as well as up to 4 other buying options tailored to your specific real estate situation. To find out more, fill out our Seller Form today. It only takes a minute. There is no obligation and your information is held in the strictest confidence. If you need to sell your fixer upper house fast, fill out our seller form today.
Is My House A Tear-Down or A Fixer Upper?
The simplest way to determine if your house should be repaired or torn down and sold for land is to figure out which brings the higher net profit: tearing down the existing structure and selling the lot or repairing the structure and selling the rehabbed house.
The main cost to consider if selling as vacant land is that of demolition. For rehabbing the house, you would need to find out the cost of repairing the house to bring it to at least average condition.
If Vacant land sale price less Demolition costs is more than House Sale Price less Repair Costs, then the house is a tear down.
If Vacant land sale price less Demolition costs is less than House Sale Price less Repair Costs, then the house is a fixer upper.
While this is a good rule of thumb, deciding on the best course of action for your property depends heavily on your individual situation. Tearing down a house or repairing it requires considerable funds, time and other scarce resources. You must decide whether you have those resources available, and if this is where you would like use them.
At webuyDCMetrohouses.com, we buy both teardowns and fixer uppers, as well as vacant land. We always offer a fair cash price, as well as up to 4 other buying options tailored to your specific real estate situation. To find out more, fill out our Seller Form today. It only takes a minute. There is no obligation and your information is held in the strictest confidence. If you need to sell your fixer upper house fast, fill out our seller form today.