Generally speaking, when selling a home, people usually make sure it’s in a good state. However, sometimes repairing a home isn’t an option, and you must sell it with major damage. This can get pretty difficult, as most people want to buy homes ready to be moved into. That said, selling a home with major damage is still possible, and you can even get a reasonable price. However, you need to be prepared for a long process and specific repairs depending on your situation. In order to help you out, we’ve put together a list of tips on how to sell your Franklin County, North Carolina home if it has major damage.
What counts as major damage?
Before we begin, we need to clarify what is seen as major damage in real estate. Generally, anything that makes the home uninhabitable is major damage. And when trying to sell your Franklin County, NC home, keep in mind that certain damages that still leave home habitable are also counted. These include – significantly damaged roofs and foundations, wood rot, flooring, kitchens, and bathrooms. Additionally, problems with the plumbing and electrical systems are also major damage, as well as non-functioning HVAC systems and light fixtures and faucets. Any of these are counted as major damage, and all of them are problems when trying to sell a home. And when trying to sell a home in this condition, you should learn the difference between home buyers and real estate agents, as investors are more likely to buy a damaged property. Mainly because they don’t intend to live in the home.
Sell the home “as is”
On to the ways to actually sell your Franklin County in North Carolina home if it has major damage, listing the sale “as is” is your best bet. When doing this, you still have to disclose any known damage to the property. However, the buyer enters the process knowing they will be responsible for repairs after buying the property. This applies to both disclosed issues and any problems that may appear after a home inspection. However, this process still involves effort; a deep clean of the property, decluttering, and depersonalization still fall onto you. If your home has a yard, landscaping maintenance is also on you. However, experts from peasleyboisemovers.com recommend you do all of this after you have already moved into a new home. After all, living in a home with major damage is a risk you shouldn’t take.
Invest in low-cost and cosmetic fixes
When the home you’re trying to sell needs major and minor fixes, it’s a good idea to put in the minimal effort required to fix the minor issues. For example, if the roof is nearing the end of its lifespan and is damaged, but the house also needs to be thoroughly cleaned and repainted, giving it a fresh coat of paint and deep cleaning will make the more prominent issues seem smaller. This, of course, increases the chances of finding a potential buyer. These minor fixes include repainting the interior and replacing old faucets and light fixtures; proper property cleaning is also a must. All in all, making the major damage look smaller is a big part of selling a damaged property. Keep in mind the paperwork needed to sell your house fast, as you will want to finalize the sale as quickly as possible.
Invest in a major repair or two
If a home is in truly terrible condition, then it might have several major problems that need to be fixed. For most buyers, if a home has a lot of problems, they will immediately look elsewhere. So, if your home has several significant issues, consider fixing one or two. Picking out which repairs are the most important takes some research and calculations. However, as a rule of thumb, try to invest in the repairs with the best return on investment. For example, kitchen and bathroom remodels are worth more than garage door or window replacements. And when moving into your new home, try your best to avoid further damage to your old home. Also, try to avoid damaging the new one. So, protect your home during
this process as best as you can.
How do you decide if repairs are worth it?
Several factors go into this decision: the current market conditions, the return on investment, and your competition. What are buyers buying, and how fast? Meaning, are they willing to make compromises on the home’s condition for amenities? Are the other homes being sold in the area in good condition? Chances are, if all other houses being sold aren’t damaged, yours won’t sell. And lastly, consider if investing in repairs will actually be profitable for you overall. After all, if you spend more on the repairs than you’d make from the sale, the investment probably isn’t worth it. And when it comes to other, more severe forms of damage, you need to consider this even more carefully. For example, is selling or restoring a fire-damaged home the better call? Remember to think about everything when considering these decisions, and calculate everything carefully before acting on it.
How to sell your Franklin County home if it has major damage – wrap up
Selling a damaged property is a complex process filled with many decisions. Most of the process, however, revolves around making the large issues seem smaller. This is done by making smaller repairs or fixing some major damage. That said, selling the home without any repairs is also an option, although doing it can be difficult. At the very least, you will still have to put some effort into cleaning the home before listing it. We hope this list of tips on how to sell your Franklin County home in North Carolina if it has major damage helps you with your sale, and we wish you a wonderful rest of your day.