It is true that if you plan to sell your damaged house, you are in for an uphill climb. However, that is only true in certain situations. For instance, if you plan to put your house on the market and hire a realtor or do a For Sale by Owner (FSBO), your house could stay on the market indefinitely. Finding an interested buyer is next to impossible.
One of the reasons for this is that, like people, properties develop reputations. Once the word gets out that the property is damaged, realtors won’t even look at the house, much less show it to a prospective buyer. The good news is that no matter how damaged your house is, you can still sell it. A local home buyer in Detroit, MI, can buy your house as-is. You can sell your house fast for cash.
What Are My Options for Selling My Damaged House?
Option 1: Hire a Realtor
When hiring a real estate agent, the agent works on your behalf to find a buyer for the property. The Realtor does all the marketing and negotiation necessary to sell the damaged property. A real estate agent helps you set a realistic asking price and advises you on the repairs necessary to attract a buyer. However, when you work with a realtor, you’ll pay them six percent of your profit in addition to paying for all closing costs and repairs. Plus, you are responsible for preparing your house for showings.
Option 2: For Sale by Owner
If you think that selling a damaged house is hard under a realtor, it is twice as hard to sell it yourself. With an FSBO sale, you avoid realtor commissions. You also have more control over marketing the house and setting the price. However, you also assume all selling responsibilities. Plus, you still must pay for all repairs and closing costs. You’ll also need to be a skilled negotiator when haggling with buyers who already have you at a disadvantage since your house is damaged.
Option 3: Sell Your House for Cash
Another option is to sell your house fast for cash. A local home buyer will look at your property, make a quick offer, and pay a healthy percentage of the property value. You pay for no closing costs, realtor commissions, or repairs. The buyer purchases the property as-is. While it is true that you may lose a little money on the house, you may come out ahead by avoiding expensive repairs and upgrades to the house.
Avoid the Hassle of Putting Your Damaged House on the Market
Did you know that, on average, it takes 60 to 90 days to list and sell your house on the market if you go through a real estate agent? You could also pay for considerable out-of-pocket expenses while spending countless hours getting your house ready to sell. Consider these common expenses associated with a traditional house sale:
|Listing costs||Marketing costs|
|Realtor commissions||Appraisals and inspections|
|Taxes and title transfers||Closing costs|
You may not have considered how much it takes to repair or renovate your home. If you must replace the roof, windows, plumbing, AC, or electrical system, you could spend thousands of dollars before the inspector approves the sale of your home. In the end, you may need to ask yourself if it’s worth it.
With M1 Home Buyers, you can eliminate all these costs and sell your house as-is in as little as 30 days. Simply schedule a quick walkthrough and let us make a fast cash offer. We are the company that buys houses as-is.
Sell Your Damaged House Fast in 3 Easy Steps
Step 1: Contact Us
Call us today or fill out the form, and we will discuss your property. You can schedule a quick walkthrough. There is no obligation to sell, and you can ask as many questions as you like. Do not worry about making repairs or cleaning the house. We buy houses as-is!
Step 2: Get a Fair Cash Offer
If we like what we see, we’ll make an offer on the house. Our offers come in just under your property’s current market value. We make most offers within 24 to 48 hours of looking at the house. You don’t have to wait to sell your house regardless of your situation.
Step 3: We Pay You Cash
If you accept our offer, we pay cash for your house. We can close the deal in as little as seven days. You schedule a closing day that is convenient for you. We pay all closing costs and fees. You simply sell the house and walk away with no strings attached. Selling your house has never been easier.
Benefits of Selling Your Damaged House for Cash
If you are like most people, you will probably plan to sell your house the traditional way. You contact a realtor, list your house on the market, make the necessary upgrades, show the house a few times, and finally find a buyer a few months later. If you’re lucky, you may find a buyer within a few weeks. However, there might be a smarter and easier way to quickly sell your house. Consider these comparisons below:
You Don’t Wait to Sell Your House
If you are in a hurry to sell your house, you do not have time to wait for an offer three to six months down the road. When you sell your house as-is for cash, you can close the deal in as little as seven days.
We Simplify the Selling Process
Selling your house on the market involves a long, drawn-out process that includes marketing, repairs, showing, and closing. We eliminate these steps and make it easier to sell your house without the hassle.
You Save Money in Selling Costs
Making repairs, paying realtor commissions, and paying closing costs can eat into your profits. Selling your house to M1 Home Buyers can save you thousands of dollars. Let us handle the closing costs and repairs.
We Know the Detroit Market
Not even realtors know the real estate market as well as we do. Our professionals know the market, the people, and the property values in this area. We can make you a fair cash offer for your house.
Sell Your Damaged House in Detroit, MI
Selling your house does not have to be complicated or a long, drawn-out process. M1 Home Buyers makes it possible to sell your house fast in Detroit as-is for cash. To find out more about the benefits of a cash sale, call us today at 248-397-5800 and get a fast cash offer.