In today’s blog posts, we are going to be talking about selling a house with water damage. Now when you’re looking at selling a house with water damage, there are a few things that you need to be aware of prior to selling the house and things that you need to disclose throughout the entire process to protect yourselves from a future lawsuit.
Will You Sell to an Investor or Home Owner?
So first thing is when you’re looking at selling a house with water damage is who will be the end buyer. Are you looking at selling it to a real estate investor like ourselves or are you looking at selling it to a potential home owner or a home buyer such as someone looking to live in the property, to owner occupy it. If you’re looking at selling it to someone looking to owner occupy the property, there is a lot more steps in the process when you’re selling the house with water damage because you need to disclose more and have professionals come and remediate that damage.
To begin on what you need to do when selling a house with water damage, we can begin here with you need to make the proper disclosures ahead of time. This will protect you and it will protect you throughout the entire length of ownership for that next owner because you made them aware of the past or current water damage. You then are not liable for any mold or mildew that is forming because of it or any rot or damage along those lines. So that’s the first disclosure that needs to be made. Of course if an Attorney were to ever become involved you could still have some liability (Please speak with Legal Consult for More Information – We Are Not Attorney’s)
Was the Water Damage Ever Repaired?
Next, they’re more than likely going to want some sort of proof that the water damage was professionally repaired and replaced to a certain perspective. So that the water damage was taken care of and that there will be no future issues for them when they own the property.
You’ll need to provide professional receipts, especially if the insurance company was involved, say the basement or some area flooded or a roof leak or something along those lines. You will need to provide the sufficient evidence that the work was completed by a professional. So that is some of the work that’s involved when selling a house with water damage to an owner occupant or a new home buyer.
What If I Sell My Property to a “We Buy Houses Company”?
If you’re selling your house or property to a We Buy Houses company like ourselves, will buy the property as is. You don’t need to make any sort of repairs, you don’t need to provide us with any sort of documentation and you don’t need to touch the property prior to us purchasing it from you.
So this results in a quick, easy and smooth sale. You don’t need to wait on any sort of lender financing as we’re paying cash for most of the properties that we purchase, and we close in as little as 14 days.
And you might be thinking, well, what if the roof is currently leaking and I just don’t have the money or the time or the availability to hire a contractor to come and make that repair? Well, if there’s active water damage within the house right now, we’ll buy it from you, & we’ll get that fixed right away. So if it is currently occupied, then the occupants will not have to deal with anything and this will all be done upon us closing on the property and purchasing it from you.
Our House Buying Process is Simple…
So like I had mentioned previously, it’s a very simple, easy and smooth process. You typically do not need to worry about a thing and we can buy it from you in as little as 14 days. So the choice is up to you. If you would rather sell your home on the open market, get more money for it, but in the end, spend more time, energy and effort in that process or you can go the route of selling it to a We Buy Houses company like us and we’ll buy it from you in a very simple, easy and smooth fashion.
To Get an Offer on Your Property Please Call or Fill Out the Form Below. You can feel free to call us or reach us with any questions at (920) 215-4201 or you can submit the form down below and I’ll reach out to you just as soon as I can. Thanks so much and have a great day.