There are numerous problems with trying to sell a home that has structural damage, an outdated electrical system, or simply cosmetic issues that many homeowners have lived with for years. These types of issues obviously limit the number of potential homeowners who would take an interest in your home, which means more marketing time, which means lower offers… So a homeowner who wants to sell such a home will need to make some changes to it. Quite simply, it probably won’t sell otherwise—at least not at a decent price. But most home sellers don’t have thousands or even tens of thousands of dollars and days or weeks of time to make repairs and renovations. No—it’s simply not worth it to many homeowners to go through the renovations required to sell a house.
I mean, who are these amazing people? Who are the buyers interested in purchasing as-is homes? It’s not the 30-somethings we mentioned earlier. I’m guessing they are generally “investor-types,” who pretty much plan to do the basics (as they define them) in order to put them back on the market and to another homeowner (I mean buyer) in a matter of weeks (not months—most of these guys couldn’t afford that!).
Understanding the Bellevue Real Estate Market
The real estate market in Bellevue is hot right now. There seems to be a high demand for all houses all across the great city of Bellevue. Why wouldn’t there be? The city has a strong Indian economy influence, top Bellevue School District, and is a stone’s throw away from Amazon… and soon to be a hub for Facebook. Homes are attracting all types of buyers: Cash-flush investors and beginners with fist-sized holes in their walls.
All jokes aside, you will notice that a majority of the houses listed on the website are fixer-uppers. This is a reflection of the short supply issue. There are only so many houses listed, the rest are looked for, and bought way too quickly to be considered in the “available supply.” Accordingly, these are also signs of a hot market—dodges, bidders, et cetera.
Like many of the reader on this page, you are probably interested in the restorables as they are the most “interesting” houses on the market, example: the hideous television set on the dash or lever, though the perfunctory movement may seem just operating locking mechanisms.
Why Sell Your House Without Repairs?
Selling a house as is isn’t all bad—they make this option available because there are definite high points! Here are a few major ones to get you started:
Financial/time savings: You can sell your home without having to do (and pay for!) any major—or any—repairs at all. How long does it take to get several different types of contractors out to bid a job? Then how long to get on their calendar? Then do you need a permit for the work? More delays. No fun! A “sell as is” home will save you all of this pain and suffering.
Fewer headaches: Ting, ting, ting—does that sound like your “when are you going to get to it” list? Just in time to move? You finally get all the little “to-dos” checked off? Yeah, right. I challenge anyone to tell me that they have done this before. Even if you are contemplating moving (selling, whatever), who sits there and says, “Hmmm, I think I will fix all the little things to prep my home to look grand.” Yeah, maybe that one person who loves to fix everything. Good for you. Most of us are too busy to do anything but one thing, and for me, that would be to stage it.
Cash buyers: That’s right! “Sell as is” properties attract that fine group of people that generally want to pay cash for your property so they can do the repairs and then lease it up.
Steps to Sell a Damaged House in Bellevue
The very first thing you want to do is get a good grasp of how much damage to the property there is. Sellers want to have an excellent idea of what they are dealing with so they can better assess the situation. Some key items sellers want to look for are severe structural damage, plumbing, and old electrical systems. These types of items can give you a better understanding of your position as a seller, and how much in potential repairs you are looking at. It’s great to be frank and open about these types of issues with potential buyers ahead of time. It starts to build trust and forms the framework for a smoother transaction.
Once the damage calculation is complete, sellers need to the price the property effectively. How many houses in previously damaged states have you seen sold before? We’re guessing not a lot. Therefore, figuring out what the price of a damaged property is can be a completely new concept. The most straightforward way to describe pricing is that it is going to be a balance of the amount in repairs needed and what it would sell for in tip-top shape. Sellers want to look at other “comparables” (the property’s closest similar counterparts) in the area and get a good idea of these houses’ condition and what they have sold for. To find a sweet spot in the price to list at, we recommend getting as familiar as possible with the two types of costs we listed. A pro-tip is also to speak to a real estate agent who specializes in selling damaged properties. This agent will better understand the potential value, and list the house selling price at a convenient midpoint.
How We Buy Houses As Is Can Help
At We Buy Houses As Is, we have developed a fast solution for homeowners to sell their houses quickly and without fixing a single item in the home. This service and process that we offer to our clients are uniquely suited for individuals who have found themselves in difficult financial trouble, property owners with burdensome properties they cannot manage or take care of anymore, or those who want to sell their house without entering into a long-form traditional sales process because they simply do not have time to wait around. We have developed a fairly simple process for buying houses for cash. Let us walk you through the steps:
The first step in our home buying process is for us to evaluate your property. This usually involves a handful of questions that we ask you over the phone, some simple desktop research that we conduct on our end to evaluate a property’s worth, and a few basic calculations that we come up with. This process is not difficult and can be done in a short amount of time. We have had several clients reach out and find out how much they can sell their house for in less than 24 hours’ time. After all, we are not your typical “real estate agents,” so you won’t get an over-priced high-ball offer or a low-ball offer; we are here to buy your house, so we can work out a deal that works, in most cases the same day.
The closing process can be set on urgent sale or your time frame. Therefore, if you are dealing with divorce, death in the family, estate sale, pending retirement, moving out of state, or just as simple as downsizing, let us know. Our time frame is dependent on you; that’s why we are your go-to cash buyer.
Once you are as satisfied as you will ever get, we will then move forward to meet up in person, discuss your matter at hand, and BUY your house for the lowest cash offer we can get YOU on the house. Say goodbye to the same day/next day open houses, weird strangers looking into your house, people visiting at midnight/late night, or the unqualified tire-kickers that waste a lot of your time. We can offer a solution to this, our fast solution. With us, you can avoid long listing agreements (i.e., 6-month listings), picky/cheap buyers that will give you a low-ball offer, financial approvals that are sometimes dependent on higher rates (which fall through and then you will have to list your house from the beginning).
Final thoughts on selling a damaged house in Bellevue
When you’re planning to sell a damaged house Bellevue, be ready to take the first step right away. Even if you’re pulling a property to market after your summer residents sell their home unstaged, there are always professionals ready to help offer you the full cash value of your home.
Selling a home in Bellevue is truly one of the best places to do so. Not only is the market great overall, but finding someone who is able to find experience in the market in an “as-is” condition is revolutionarily easy.
Prepare to sell one of the houses that the sales team picks right up. Reach out directly to any other owner in Florida to ask if they want to close.