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How to Sell a Disaster-Damaged Home in Louisville, Kentucky

The best way to sell a disaster-damaged home in Louisville, Kentucky is to sell your house as-is for cash to a company that buys houses in Louisville, Kentucky. A cash home sale allows you to work directly with a buyer and negotiate the terms of the sale, including the home sale price. You do not have to hire a realtor. Plus, you avoid making home repairs or paying closing costs.

If a flood, tornado, or fire damages your home, you are more likely to get rid of the property and get out of your mortgage with a cash home sale than you are selling the property on the real estate market. The buyer will often agree to buy the house regardless of its current condition. Most cash home buyers will also pay up to 100% of closing costs. You get to start fresh and relocate to a new home faster.

Why You Can’t Sell a Damaged House on the Real Estate Market

The real estate market in Louisville, Kentucky is highly competitive. Most houses are move-in ready, which makes it nearly impossible to sell your damaged house as-is.

Most Buyers Want a Move-In Ready House

Most families are looking for a house that is already in good condition and requires little to no remodeling. There are plenty of houses in Louisville, Kentucky that meet the criteria. As such, you have to compete with the hundreds of properties in your area that are in better condition.

You Don’t Have the Money to Sell Your Disaster-Damaged Home

There are three main home selling costs: realtor commissions, closing costs, and home repairs. If you have a damaged home, you will likely spend the bulk of the expenses on repairs. In addition, realtor commissions can cost thousands of dollars. You may have to spend a considerable amount on closing costs even if you do find a buyer.

A Disaster-Damaged Home Is Unsafe

If a flood, tornado, or fire damaged your house, it may be unsafe to live in. You may have to make significant home repairs to make it structurally sound. It will also have to pass an inspection. Even if you do what it takes to prepare the house for a sale, some major issues may go unnoticed. You don’t want to be responsible for selling a dangerous property.

Sell Your Disaster-Damaged Home As-Is for Cash

If you can’t find a buyer for your damaged house and you don’t want the hassle of a traditional home sale, your best option for getting rid of your property is to sell your disaster-damaged home as-is for cash to a company that buys houses in Louisville, Kentucky.

A cash home sale is a private real estate transaction between you and a house-buying company. The process involves these easy steps.

  1. You meet with the buyer to discuss the house and why you are selling.
  2. The buyer looks at the house and assesses the property.
  3. The buyer makes a cash offer on the house.
  4. You accept the cash offer.
  5. You and the buyer agree on the terms of the sale, sign the paperwork, and close.
  6. The buyer pays you for the house.

There are several benefits of a cash home buyer.

Sell Your Damaged House As-Is

You will likely spend thousands of dollars repairing your house. Even after you repair it, there are no guarantees that the house will be worth its original value before the disaster. A cash home buyer will buy your house regardless of its current condition. They agree to assume responsibility for all repairs and any issues with the house.

Avoid Settling with the Insurance Company

The insurance company may only settle for a fraction of what it costs to fix your damaged home. If so, you may have to go through the hassle of suing the insurer. Or you will have to pay out of pocket for home repairs. You can avoid the hassle of settling with the insurance company by selling your house right now.

Relocate to a New Home Faster

A damaged home can be devastating to your family. If you can’t live in your disaster-damaged home, you may need to relocate quickly without incurring expenses. A cash home sale may give you the cash you need to get into a new home. You can close the sale of your home in as little as one to three weeks.

Sell My Disaster-Damaged Home Fast in Louisville, Kentucky

If you can’t find a buyer for your damaged house or you don’t want the hassle of a traditional home sale, we can help. At We Buy Real Estate, we buy houses as-is in Louisville, Kentucky. We can assess your property’s current market value and make a fair cash offer that you can work with. Call 502-458-2722 to get a fast cash offer on your disaster-damaged home.

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