How To Sell A Damaged House In Omaha
If you own a house that is in disarray or in need of repair in Omaha, Nebraska, don’t fret. There are ways you can sell your house fast in Omaha without having to pay for all the required repairs. If you need to sell a damaged house in the Omaha area, our latest post will help you save time and money on the sale of your home in Omaha, Lincoln or Council Bluffs and the surrounding area.
In order to sell a damaged house in Omaha, you’ll need to be able to get in front of the right buyers. Many buyers are looking for a house they can move in to right away or rent out for investment. These types of buyers tend to look primarily on the multiple listing service. The idea of taking on a new property, that comes with damages, can seem very stressful and something many buyers would not even consider. Your best bet would be finding the right investors who don’t mind taking on damaged property. At Harter Investments, we are very experienced in fixing up properties and are happy to help if you need to sell a damaged house in Omaha.
Your Selling Options
Fix It
Quite obviously, if your house is damaged, you can fix it. This is likely going to be your best choice if you want to sell it for a price that is competitive with others on the market. If you have the time you could act as the general contractor and hire the subcontractors to repair the damages to the property. It would be best to have some type of construction or rehab background if this would be the direction you choose. Although it would cost additional money you could hire a general contractor to get the work done that is needed on the damaged property and get it on the market. To make a decision easier on what to do with the property you can always run comps in the area to what the ARV (after repair value) would be. That said, many people don’t want to spend a bunch of money on a property they are selling without any guarantee of a return.
List As-Is
Instead of spending money on repairs, you can choose to list your house as-is. While you may be offering it at a fair price, if your average buyer sees pictures making the house look bad, or sees that there are a number of repairs required in your property description, you might have some trouble getting enough attention to the property in order to sell it. This is a tough way to get any type of return from your property. The majority of the potential buyers will look right past a damaged house. The majority of today’s buyers are not looking for a fixer-upper. They want turn key ready to move into.
Sell Directly
Typically the fastest and easiest way to sell a damaged property is to get it in front of an investor or a direct house buyer in Omaha like Harter Investments. If you choose to sell to Harter Investments, we will offer you a fair all-cash offer, we buy as-is, potentially saving you thousands of dollars in repairs. Plus, there is no commission or closing costs to pay and we are able to close very quickly so you can easily sell your damaged home in the Omaha area, and move on with your life!
Ask Yourself These Questions…
How Much Do You Want To Spend Upfront?
If you have the cash upfront, you might consider fixing up the house and putting it on the market. This can require a good amount of time, and will not come with any guarantees. If you spend a fortune fixing a damaged property in Omaha, there is no guarantee you will get it back. The big challenge is estimating the repair costs. It is inevitable that there will be cost overruns, unexpected costs and delays. You will need to be prepared for all of these things and more if you decide to repair the property.
Who Is Your Ideal Buyer?
Is it realistic to fix up the property and put it on the market? Do you honestly believe that you will be able to find buyers for your damaged property, willing to pay what you need? If so, and if you have the time to wait and find out, consider listing your Omaha house. Or is the damage so severe that your ideal buyer would actually be an investor, with the means to fix up the property? Many investors, such as the team at Harter Investments, thrive on fixing up old homes, and helping owners escape their damaged Omaha properties!
Owning damaged property can be stressful. The repairs can be expensive and you can be held liable for any injuries that occur. If you are not able to make the needed repairs, it might be time to sell your damaged house. You don’t have to hire an agent. Learn more about selling your house as-is, so can be rid of your troublesome property once and for all!
