Water damage is one of the worst types of damage that a house can have. Water gets everywhere, between the cracks, in the walls, it soaks into the floorboards, and can absolutely ruin a home’s foundation. Water damage typically costs thousands of dollars to repair and can range from fixing your home’s plumbing to tearing out drywall and removing floorboards in your home.
So the question is, can you sell a home with water damage? Is selling a home in this state possible? In this FAQ, we’re going to explore the different options you have when it comes to selling a property with water damage. If you have any questions about this FAQ, or if you would like to speak with a member of our team regarding your property, please call or contact Evervest Home Buyers now at 314-730-0366 or fill out this form here – Contact Us.
Can I Sell My House If It Has Water Damage?
Water Damage, like foundation issues, is one of the worse forms of damage that a house can suffer. Whether it’s from a burst pipe, damaged roof, or recent flooding, water damage typically costs thousands of dollars to repair and can take several months to fully rectify. So the question is, can you afford to repair the water damage or is this something that’s out of your current reach? What situations require water damage to be repaired, and which do not?
- Selling Your House with a Realtor – This is the traditional way to sell a house. A realtor is going to want your house to be in the best shape possible so that they can help you sell the home quickly. The inherent problem here, is that you may not be willing to fix water damage in your home, or you might not have the funds to fully repair the water damage. On top of that, it’s not guaranteed that you’ll recoup repair costs from the sale of the property. This option is typically a gamble because it isn’t guaranteed that your house will sell and that you’ll get an amount that covers the cost of repairs.
- For Sale by Owner – If you decide to sell the house yourself, and do all of the leg work, you can typically negotiate what state the house will be in when you sell it. This, of course, saves you the cost of paying a realtor and dealing with realtor fees. However, what if the potential buyer wants the water damage repaired? What if they want thousands of dollars taken off the sale price to offset the damage? Can you afford this loss? What if they walk away from the property and don’t buy? Can you afford to wait for another buyer who may or may not put you through the same situation? This option gives you control over the sale, but also leaves you on the hook if you aren’t able to sell quickly.
- Cash Home Buyers – With this option, you sell your property as-is. This means that our team will come and look at your property, assess its damage, and note benefits that the property has to offer, before making you a fair market offer on the house. You might be thinking, “But, what if the water damage is significant, will you still buy it?” Yes. Our team is comprised of home contractors that have decades of experience in repairing severely damaged homes to market-ready level. We’ve dealt with all types of home issues, and water damage won’t deter our team. We’ll make you a fair-market value offer for your home, and, if you accept, we can close on the property in under 30 days and take your troublesome house off your hands.
Sell Your Water-Damaged House – Cash Home Buyers St. Louis
If you’re interested in selling your home to a St. Louis All-Cash Home Buyer, Evervest Home Buyers is a local favorite. We have bought more than 700 homes and pride ourselves on helping local homeowners through the difficult process of selling their house. We will provide a cash offer for your home in as soon as a week, and we will make every effort to provide you with the most for your home. If you’re interested in scheduling a consultation, feel free to call 314-730-0366 or Contact Us today!