If you are selling a water damaged house and it has been months—perhaps, a year already—since you publicly listed your property as for sale yet no one is still interested to purchase it, you are not alone. Hundreds of homeowners in Houston face the same challenges. Selling a property that was damaged by water is tough.
But do you know that there is a fast, hassle-free, and reliable way to sell a damaged property?
Yes, you read that right. All you have to do is contact a local real estate investor like Get Your Fair Offer. Regardless of whether the damaged property is a residential or commercial building, these investors can help you sell as-is and in cash.
Would you like to explore all available options?
Keep reading and let us assist you. This article lists all the feasible methods to sell your fire-damaged home for a fair price.
Selling Water Damaged House: A Step-by-step Guide
Step 1: Call Your Insurance Company
If the damaged house is insured, the first thing you should do is to contact your insurance company and inform them about your property’s current situation. Insurance companies will help you conduct a thorough assessment of the house and the damages.
They will also guide you throughout the process of filing a claim. It is why it is crucial to know the content and policy coverage of your insurance.
Claims may differ from policy to policy, however. Some companies, for example, advise their clients on how to successfully sell a house damaged by water. Others, on the other hand, do not.
Having said that, here’s what your insurance company will do once you inform them about your property’s situation.
- Your insurance provider will verify the condition of your property and any necessary repairs.
- They will require a licensed inspection company to provide documentation for the job.
- They will need to approve any remedial work before the documentation can be done.
Knowing where the insurance company stands and how much money you can expect to receive, you can make a wise decision about what to do next with your fire-damaged house in Houston.
Step 2: Hire a Professional House Inspector
The next step is to hire a professional house inspector. A house inspector will check the overall condition of your house. These include things that need to be replaced, repaired, and improved. It is important for owners to understand the overall condition of the house, building, or apartment.
But do you know that repair and renovation can also help increase the value of a water-damaged property? It will also help owners understand how they will market their homes to attract potential buyers.
That said, the inspector will meticulously examine the house and provide a comprehensive report of all the repairs that must be done before you can sell it. After this, you can start looking for reliable contractors to get estimates on the necessary repairs.
Step 3: Repair and Renovate
If your house was damaged by water, one way to sell it is to repair and renovate it first. Potential homebuyers do not prefer damaged houses—particularly those that are overly mangled—as it is unsightly to look at and is often valued less financially.
Thus, you need to make renovations and, if possible, a few house improvements.
The first you must do is to assess the house’s overall condition. It will help you determine what needs to be repaired and other types of house improvement that you can do. Make a list and label which is most important and least important.
Step 4: Sell Your House As-Is
Finally, decide how you want to sell the house. There are two guaranteed options available. One is to publicly list it on a real estate market and second is to sell it as-is to a real estate investor.
Here’s how they differ:
- Property listing. Once you are done with all the cleaning, repairs, and needed upgrades, you can now sell it publicly through property listing. This is where potential buyers will find out about the property and hopefully make an offer.
But keep in mind that it does not guarantee you a quick sale. Houston’s real estate marketplace is a crowded place and finding a potential buyer is not a piece of cake.
You can, however, hire a real estate agent. There are many real estate agents in Houston who specialize in damaged properties—whether it is due to flash floods, fire, earthquake, or any other natural disasters. These people often have access to resources that help them market these properties effectively so that they can attract the right buyers at the right price.
- Sell it as-is to a real estate investor. If you want a quick, hassle-free, and reliable transaction, selling it to a Houston real estate investor such as Get Your Fair Offer would be the best option! Reaching out to a real estate investor is the best option if you do not have the budget to fix your house and make some upgrades.
These companies are willing to buy houses as-is and in cash, which is a double win for property owners like you. They give the best and fair price your property deserves as well.
Thus, selling it to a real estate investor is wiser rather than listing it on the marketplace.
Selling Water Damaged House Is Not Easy
Selling a water damaged house is indeed a tough and demanding process. If you want a fast, hassle-free, and reliable way to profit off of your property, then contact Get Your Fair Offer now and consider your house sold!
Get Your Fair Offer is one of Houston’s trustworthy real estate investors. We guarantee to give you the best and fair price offer only, which your property deserves.
Reach out to us now and get a REAL offer! Call us at 281-709-2999.