Selling a damaged home in Ohio can be a nightmare of a task. Most potential buyers are not interested when there is visible damage on a property for sale, preferring homes ready for immediate occupancy. However, if they have the time, inclination, and finances to take on a project, some buyers may take a chance and toss out an insultingly low purchase price number to see if it sticks, which can be rather disheartening for sellers. The longer a property lingers on the market, the more likely the sellers will realize a lower final sales price.
If you have a damaged home and want to make the sales process less stressful while earning the most profit, read on as we explore six smart tips to help you sell a damaged home in Ohio.
Setting the right price for your damaged home is crucial in attracting potential buyers and ensuring a successful sale. Professional buyers like those at Homesmith can help you understand your current market value. Our professional buyers at Homesmith are happy to help you determine the right price to sell a damaged home in Ohio. At Homesmith, our professional buyers are local investors who know the real estate market in your backyard and can help you understand your competition, which plays a role in determining the price.
The professional buyers at Homesmith are committed to helping you achieve a successful sale. They can assess the condition of your damaged home and take into account factors such as location, size, comparable sales, and the extent of the damage. By considering these factors, they can provide you with an accurate assessment of your property’s current market value and help you set a price that attracts potential buyers and increase your chances of a successful and profitable sale.
2) Don’t Hide Anything
Remembering the legalities of disclosure laws is our next tip to help you sell a damaged Buckeye State home. Professional buyers, such as those at Homesmith, are well-versed in these laws and can provide you with valuable guidance to ensure compliance.
One aspect of disclosure laws is the requirement to disclose any known issues or damage present in the property. This includes both visible and hidden damage that may impact the value or condition of the home. Professional buyers at Homesmith understand the importance of adhering to these laws and can help you navigate through the process of disclosing the necessary information to potential buyers.
Additionally, they can help you understand the potential expenses and timeline to correct any areas of concern in your damaged home. At Homesmith, we work with a team of skilled tradespeople and professionals to provide reliable data on the extent of the damage, repair costs, and estimated timelines for their offer. At Homesmith, we practice total transparency and lay every detail on the table for sellers, ensuring that you have a clear understanding of the property’s condition and any associated costs. This information is valuable in helping you make informed decisions and in communicating transparently with potential buyers, allowing you to make informed decisions and meet your legal obligations as a seller.
3) Minor Repairs
Another tip to help you sell a damaged home in Ohio is to improve the appearance by making minor repairs. Professional buyers like those at Homesmith can help you understand where to focus your repairs on gaining the most from your investment in your damaged home. Our professional buyers at Homesmith want you to agree that their offer is fair. At Homesmith, we’re your neighbors who live and work alongside you here in Ohio, and we want to make a deal you’ll feel good about long after closing.
4) Targeting Your Market
Understanding your target market is our next tip to help you sell a damaged home in Ohio. This is a crucial step. It’s important to identify potential buyers who are specifically interested in purchasing properties that require repairs or extensive rehabilitation. These buyers are often referred to as cash buyers or professional buyers, and they can offer a range of benefits for sellers in such situations.
Cash buyers like those at Homesmith are typically experienced investors or individuals who have the resources and expertise to take on properties that require renovations. They understand the potential value and profitability that can be derived from such properties, even in their damaged state. By targeting these types of buyers, sellers can tap into a market specifically interested in purchasing damaged homes.
Selling to cash buyers also has the advantage of a faster and more streamlined process. Since cash buyers do not rely on financing, there are no delays associated with loan approvals or appraisals. This expedites the closing process and allows sellers to receive their funds quickly. For homeowners facing urgent financial needs or looking to move on from the property swiftly, selling to professional cash buyers can be an ideal solution.
At Homesmith, the professional buyers specialize in purchasing homes in as-is condition, alleviating the concerns of sellers about making costly repairs. This means that homeowners don’t have to invest additional time and money into fixing up the property before selling it. By offering to buy homes in their current condition for cash, Homesmith provides a convenient, fast and hassle-free solution for those sellers in need of a quick and efficient sale of a damaged home.
5) Know Your Options
Gathering the information on your selling options is the next tip to help you sell a damaged home in Ohio. If the extent of the repairs is minor and you have the time, finances, and emotional fortitude to tackle the job, it may be well worth the additional profits you would realize. Professional buyers like those at Homesmith will help you compare your profits from listing vs. a direct sale. At Homesmith, our professional buyers will help you determine which works best for your circumstances, even if it’s listing with an agent.
6) Homesmith Can Solve Your Challenge Fast
Our final tip? A direct sale to professional buyers at Homesmith is an easy and smart solution for homeowners to selling a damaged home in Ohio.
One of the key advantages of selling to professional buyers at Homesmith is the speed of the process. They understand the urgency of selling a damaged home and aim to facilitate a fast transaction. Additionally, Homesmith allows sellers to choose a guaranteed closing date that suits their needs, providing further convenience and peace of mind.
To ensure a smooth and efficient selling experience, Homesmith employs a full-service in-house team of professionals. These experts have the necessary knowledge and expertise to handle the complexities involved in selling a damaged property. By working with this dedicated team, sellers can expect a streamlined process and effective guidance throughout.
Another significant benefit of choosing Homesmith is that sellers are not responsible for paying commissions or closing costs. Traditional real estate transactions often involve hefty fees, but Homesmith eliminates these expenses for sellers. This means that homeowners can receive a fair price for their damaged property without any additional financial burdens.
In summary, selling a damaged home in Ohio can be made easier and more efficient by opting for a direct sale to professional buyers at Homesmith. Their focus on speed, flexibility, and cost savings sets them apart, offering homeowners a hassle-free solution to sell their damaged property. The pros at Homesmith also work with a full-service in-house team of professionals to make the process efficient. Again, when working with Homesmith, sellers never pay commissions or closing costs. Contact Homesmith at (614) 401-3651 or (877) HOMESMITH.