Is My Damaged House Still Sellable in Wichita, Kansas?
If you have been trying to sell your damaged house on the market for several months now but have not found a buyer, it may be time to consider alternatives to a traditional sale. Most homeowners do not want a house that is either too dangerous to live in or too expensive to repair. Even if you have a super talented realtor selling the property on your behalf, it could take a long time before someone finally says yes.
Before you give up and decide that you can’t sell your house, you may want to contact a local home buyer in Wichita, Kansas. A local buyer can look at your property, give you a fair cash offer, and close the deal in as little as seven days. You do not have to pay any closing costs or realtor commissions. Best of all, you can sell your house as-is for cash. You make no repairs or renovations whatsoever.
Why Damaged Houses Do Not Sell in the Kansas Real Estate Market
Any house that has been lived in for a while will likely have some flaws. A seller may need to do a paint job, renovate a room, or buy some replacement appliances. However, a damaged house presents significant challenges that many homeowners do not want to deal with. Some of the main reasons why a damaged house will not sell in the real estate market include
Most damaged houses have major structural problems that make them unsafe to live in.
- Weak roof
- Worn out framework
- Holes in the flooring
- Damaged electrical system
- Molded or rotting wood
- Cracked foundation
These types of problems put new homeowners at risk of injury or fatality. Furthermore, there is no guarantee that the home will protect the owners during severe weather.
Some of the most expensive house projects involve repairing structural damage. Foundation repair, roof replacement, mold remediation, central air replacement, ponding issues, Septic system replacement, or water line replacement can cost thousands of dollars. If you are trying to sell your house, you may not have the funds you need to make the repairs and make the property sellable.
Trying to pass these repairs off to a new homeowner is nearly impossible. A buyer simply doesn’t want to sink thousands of dollars into a repair right after moving into a home. They’re too busy dealing with a new mortgage and monthly utilities.
Insurance and Warranties
One of the selling points of a home is that it is still under warranty or insurable. A home in good condition costs less to insure than a damaged house. Someone who is buying a house may not be able to afford large insurance premiums just to live on the property. Even if they can afford insurance, there is a good chance that the home is no longer under warranty due to the damage.
If a storm or fire damages the home after you sell it, the homeowner may have to incur 100 percent of the repair costs. The insurance company could easily deny a claim, citing that the home had pre-existing damage.
The Benefits of Selling Your Wichita House for Cash
Today, the real estate market is unreliable at best. There are no guarantees that you will sell your house, get the asking price you want, or make a profit after paying closing costs, realtor commissions, and repair costs. There are several reasons why selling your house for cash is a better option:
- You pay no closing costs, realtor commissions, or other fees.
- There is no reason to renovate, repair, or prepare your house.
- You can avoid listing or showing your house to potential buyers.
- Choose your closing date without waiting.
- We buy your house as-is – don't bother cleaning it.
- You work with a local house buyer in Wichita, Kansas.
- We make a fair, competitive offer just under your house's market value.
With all the benefits of selling your house for cash, you owe it to yourself to explore it as an option. Let us take your property off your hands. You walk away free and clear with no strings attached.
Sell Your House for Cash in Wichita, Kansas
Do you live in Wichita, Kansas? If so, contact Blue Sky Properties today. Sell your house fast for cash in Wichita, Kansas and the surrounding area. We buy houses as-is in any condition. Call 316-202-4249 to schedule a quick, no-obligation visit with one of our local cash home buyers.