Having to sell a house after a major storm or natural disaster can be difficult. Not only do you have to deal with the prospect of the home and the area losing some value, but you also have to cope with the emotional stress of the incident.
However, in some cases, there are things you can do to still make the house appealing to buyers and attract them. But it might involve having to make some tough decisions. Here are some tips on how to sell a home that has suffered storm damage.
Have a Pre-Sale Inspection Performed
The first thing you should do is have a pre-sale inspection performed. You might not like what they tell you, but you have no choice if you want to know the real extent of the damage, and what kind of repairs you have to do. This will also allow you to put things into perspective and see what needs to be taken care of first.
Make the Repairs that You Can
There’s always the option of selling the house as-is, but there are some things that you are better off dealing with before you put the house on the market. If some of the damage is manageable and you can live with it, then you could consider leaving things as they are.
However, if we’re talking about something major like roof damage, for instance, then it’s probably better to fix it, even if you may not get the cost of the repair back. It’s more a question of being able to sell the home as fast as possible and making a trade-off between spending or getting a significantly lower offer. You’ll also have no choice if you have nowhere else to go.
We suggest you work with a team that specializes in storm damage, such as Advantage Construction, for instance. Not only will they have experience with these types of repairs, but they will usually also be able to deal with things like siding damage, landscaping, or even help you with insurance claims.
Check the Local Market and Price Accordingly
We understand that the property may have sentimental value and that you had the intention of making a profit when selling it. But you have to put yourself in the shoes of a buyer that has absolutely no attachment to the house and only wants to make the best deal possible.
This is why it’s important that you check other houses in your neighborhood and market and check what they’re going for. It would also be a good idea to work with a real estate agent that is familiar with this type of property. They’ll often have access to buyers looking for these types of opportunities.
If you were thinking of selling your house after a disaster, don’t despair. It still has some value and will eventually catch the eye of a buyer if you take the steps necessary to make it as attractive as possible.