Has your property recently suffered the consequences of water damage as a result of leaking pipes, an old roof, groundwater, or a flood? If this is the case, it’s recommended to immediately get the help of a flood damage restoration expert in order to make quick repairs and prevent the water from causing further damage that will cost you a lot in the long term. Especially if you’re looking to sell a house that has suffered water damage, urgent recovery is vital.
Selling a property with water damage is certainly a challenging endeavour. However, there are a few tips that can help you make the process easier. In this article, we’ll share with you the top three tips for selling your home with water damage.
Find a real estate investor
As you can imagine, flood damage can dramatically decrease the value of your property and can push potential buyers away. Thankfully, this is not always the case, especially when working with a real estate investor. Real estate investors are often experienced in the property market and can quickly detect if a property is worth investing in, even if it has some current drawbacks. Real estate investors usually have well-established partnerships with repair experts, flood restoration companies, and other professionals who can adequately and rapidly repair the damages.
As a result, the value of the property will be restored and the investor will be able to resell for a higher price, making a profit. This is a widely preferred option for homeowners hoping to sell a property with water damage as there is no need to invest in the repairs yourself.
Work with a real estate agent
Partnering with a real estate agent will certainly make the selling process of any house a lot easier, but there are additional benefits when it comes to selling a water-damaged house. Agents have useful know-how and can provide adequate information on where to list your property, how to market it to attract potential buyers, how to price it, and how to negotiate a deal that will be beneficial for you.
If your property has been damaged as a result of a flood or leak, a real estate agent can help you make the right decisions to sell it fast and for a good price. They can also help you stay protected against any legal problems during the selling process.
Receive a repair estimate
After the water damage, once you’ve cleaned the property and the situation is controlled and you’re certain mold and mildew aren’t causing any damage, it’s useful to get a repair estimate from a professional. The aim of this estimate is to determine how much damage has been caused to the property, what needs to be repaired, and how much the project will cost on average. You can use this information to present to potential buyers and provide a realistic estimate of how much they’ll need to invest in repairing the property if your choice is to sell the home as-is.