Water damage is so insidious because its effects linger long after you clean up the mess. You’re faced with peeling paint, destroyed flooring, and maybe even mold. If you’d rather get rid of the house instead of restoring it, you might wonder, “Can you sell a house with water damage? How can I sell my house fast in New Hampshire?”
Below, learn tips for selling your water-damaged house as fast as possible.
Why Selling a Flood-Damaged House Can Be a Challenge
As you might expect, selling a water-damaged house isn’t as easy as selling one that’s moisture-free. Few buyers want the hassle of mold and mildew remediation. They want a home that’s clean and move-in ready.
Additionally, depending on the flood zone designation of your home, buyers might worry that the flooding won’t be a one-time event. If your home may flood again, this can significantly reduce your buyer pool.
How To Sell a House With Water Damage
Can you sell a house with water damage? Yes, but you must do so correctly or you risk legal trouble from the buyer.
First, order a water intrusion assessment. This will help you identify things such as foundation water damage and faulty plumbing. From there, you’ll have a better idea of how much repairs will cost you and can decide if you’d rather fix the problems or sell as-is.
If you want to make repairs, you don’t necessarily have to do so out of pocket. By filing home insurance claims, you may be able to have your insurance company pay for some or all of the repairs. Note that not all homeowners insurance policies cover flood damage, however.
Before filing a claim, take good pictures and videos of the water damage. Submit this evidence along with your claim. The more evidence you provide, the greater the chance that the insurance company will approve your claim.
Don’t have the time or money to make repairs? You can sell your home as-is to a buyer who doesn’t mind working with fixer-uppers, but you’ll need to provide the buyer with a property damage disclosure. Neglect to do so, and the buyer may be within their rights to sue you for damages.
Skip the Repairs and Sell Your House for Cash Now
Selling a water-damaged house can be difficult, to put it mildly. You may have to spend thousands on repairs and mold remediation. And if you live in a flood zone, good luck getting buyers to bite.
There’s an easier option: Selling your house as-is to a cash buyer, such as IPS Cash. We purchase homes in any condition and require no cleaning or repairs. Instead of stressing over fixing your place up, you can walk away with cash in hand in as little as a few days.
So, can you sell a house with water damage? Yes, and IPS Cash makes the process as stress-free as possible. To get a cash offer, call Joe Theriault and his team at IPS Cash at (888) 893-7188.
