If you own a distressed house that needs extensive repairs, this blog may help. You may be able to sell your house without having to pay for all the required updates and repairs. If you need to sell a distressed house in the McAllen area, our latest article may help you save time and money when selling your house.
If you need to sell a distressed or abandoned house in the area of McAllen, you’ll have to find the right buyers. Traditional buyers are looking for a property that is move in ready. Many people won’t be looking at home that need extensive repairs. Your best bet will be to find investors who don’t mind taking on damaged property. At Dolfin RGV, we are very experienced in fixing up properties and are happy to help if you need to sell a distressed house in McAllen and around the Rio Grande Valley.
Your Selling Options
Fix It
If the house needs repairs, somebody has to fix it. This is likely going to be your best choice if you want to sell it for a price that is competitive with others on the market. That said, many people don’t want to spend lots of money or time on a property they are selling not knowing if all the investment will pay off.
Sell As-Is
Instead of spending money on repairs, you can list your house in as-is condition. While you may be offering it at a fair price, if your average buyer sees pictures making the house look bad, or sees that the description mentions lots of TLC you might have some trouble getting enough attention to the property in order to sell it quickly.
Sell Directly
Usually the fastest and easiest way to sell a distressed property is to find an investor or direct buyer. If you choose to sell to Dolfin RGV, we will buy as-is, potentially saving you thousands of dollars you would spend in repairs and time waiting for a buyer. In addition, we are able to close quickly so you can easily sell your damaged home in the McAllen area, and move on with your life!
You May Ask Yourself These Questions…
How Much Do You Want To Spend?
If you have some savings, you might consider fixing up you rhouse and listing it. This may require a great amoung of time, and will not come with any guarantees of how fast it may sell or how much you will get for the house. If you spend a lots of money fixing a damaged property in McAllen, there is no guarantee you will get your money back. If you sell it to an investor or somebody that specializes in flipping houses, they will take the risk of fixing a house and passing all the inspections to bring the property up to code on themselves.
Do You Have An Ideal Buyer?
Are you positive you can fix up the property and put it on the market fast enough? Do you honestly believe that you will be able to find buyers for your damaged property, willing to pay what you paid to fix your house? If you can fix it yourself or you have a good handyman, maybe your can fix the property but there is no guarantee it will pass inspections your buyer’s lender may request. If so, and if you have the time to wait and find out, consider listing your McAllen house. Or is the damage so severe that your ideal buyer would actually be an investor with the knowledge and funds to be able to fix up the property? Many investors, such as Dolfin RGV have lots of experience fixing up older houses on a constant basis helping owners get rid of their damaged McAllen properties!
Owning an older property in need of repairs definitely can mean lots of stress. Repairs can quicly become expensive and you can be held liable for any injuries that occur. If you are not able to make the needed repairs, it might be time to sell your damaged house. You don’t need to hire an agent or pay commissions. Learn more about selling your house as-is, so can get rid of your troublesome property once and for all!