Does your Home have Water Damage in Ft. Lauderdale?
Does your home have water damage in Ft. Lauderdale? It is no secret, repairing a home with water damage can be expensive. Any major damage in a home can become increasingly pricey to repair. We find that many of the homeowners we work with wish they could just sell their home and be done with it. We are here to tell you, that you can!
Selling a home “as is” can often be more cost effective than selling your home with all the fixes complete. Think about all the time and money it would take to fix your home’s water damage in Ft. Lauderdale? The prices to hire people are not cheap and will take a lot of time. However, it is important to run the numbers before you decide either way. And if the numbers show that you should flat out sell your home now, these tips can help.
4 Tips to Sell a Home with Water Damage in Ft. Lauderdale
Sell to an Investor
An investor is going to be looking to fix up the house themselves. Whether you are selling to a wholesaler, a flipper, or a property manager, they will often offer you a fair price for your home given the current damage. This is because they understand the costs of what it will take to fix it up and restore it to proper conditions. But remember, they are still looking to be able to profit from the purchase.
Price According to the Damage
Many homeowners want to receive the best price for their home when they sell. A key thing to keep in mind is that there is a difference between what you think your home is worth and what the market says it will be worth. In Ft. Lauderdale, a home with water damage must be priced according to the market rate and the competition to sell. Remember, you may not be fixing the problem but the next buyer will have too.
Disclose the Damage
If you are going to sell a home with an issue like water damage, it is key that you disclose it. You can do this on the property disclosure form. This is a legal requirement. Failure to do so can lead to legal action on behalf of the buyer.
Be Prepared for Buyers to Try and Negotiate Repairs
We live in a world where everyone wants to feel like they are getting a deal. We also live in a world where price estimates are just a click away. Assessing water damage as a potential buyer will naturally cause them to look for more off from the price.
It is easier to say no when you have priced in the cost to repair already in the price. Remember, it is your home, you don’t have to sell it.
If you want to learn more about how you can sell your home with water damage in Ft. Lauderdale, give us a call today. We want to show you that you don’t have to put the work into repairing the damage. You can move on from your property without making a poor financial decision.