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Owning a distressed house can be a stressful burden to carry. Caused by a laundry list of problems, such as rotten wood floors, outdated interior, a leaky roof, broken windows, or a broken foundation, are just a few issues that may prevent you from being able to sell your house traditionally. Home repair costs are at an all-time high, and the renovation process can be lengthy. Here are some solutions to this issue…
- Listing your distressed house on the market: Listing your distressed home with the help of a licensed realtor is the most common solution to releasing the burden of ownership. Here are the pros: (1) There are an abundance of real estate agents willing to list your house for you. (2) New construction is expensive. A distressed home is an opportunity for a home buyer to create their dream home at an affordable price. (3) A real estate agent will guide you through the entire process of selling. Here are the cons: (1) Selling your house traditionally is time-consuming. You may get countless showings from potential buyers before you actually receive an offer. (2) Now that people are viewing your home, it may need to be cleaned out and made presentable to the buyers. The scope of repairs needed might turn away prospects. (3) Once you accept an offer, it is not set in stone that they will close. The buyer may need to do their due diligence, requesting inspections, surveys, or an appraisal. (4) If the inspection or appraisal fails to meet the requirements of the buyer or lender, this may cancel the contract entirely.
- Listing your distressed house on your own: This method would require you to do all of the leg work on your own that a realtor typically does. If you feel confident in your sales skills, market knowledge, and time management skills, this might be a good method for you. Here are the pros: (1) You will save money on fees at closing since you are not paying for an agent to represent you through the sale. (2) You have more control over the sale itself and close date. This allows you to customize timelines to suit your needs. Here are the cons: (1) You will be navigating the entire transaction alone, and be required to make all of the important decisions without any guidance. (2) Bias. Everyone has different tastes for decor and ideas about cleanliness. Though you may feel your home looks move-in ready, potential buyers might think the layout design and decor are unflattering, which could prevent you from getting offers or selling at the price point you are hoping for. Without a realtor to guide you on staging the home, you may have a hard time getting potential buyers to see the value in your house that you do. (3) Marketing your home yourself without professional assistance may prove to be difficult.
- Selling your distressed house for cash to Tag Team Property Solutions: When you sell a distressed home to Tag Team Property Solutions. We handle all of the difficult parts of the transaction so you can focus on the important things, like finding a new home. Here are the pros: (1) We give you a fair all-cash offer and can close on your timeline as quickly as needed. (2) No showings or open houses. (3) No waiting to find the perfect buyer, because we are the buyer! (4) There is no need for any cleaning or repairs to be made, as we handle all of that. (5) No risk of us backing out at the last minute, since we are paying cash for your house, and not relying on financing as a traditional buyer would. (6) We pay all of the commission and closing costs, so you get the full amount of our offer at closing. Here are the cons: (1) You may receive less than you would in a traditional sale, but we pride ourselves on ensuring our offer is fair. We base our cash offer on the prices of other homes in the area and the amount of work your distressed house needs to get to move in ready condition.
Ultimately, selling your house for cash to Tag Team Property Solutions is the quickest and easiest way to get your distressed home sold without all of the hassles of a traditional sale. When we make a fair cash offer for your house, there is no obligation to sell to us, so if your distressed home has become a source of anxiety, it’s time to de-stress. We have the solution.
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Sell your house for cash
