If you own a property that is in disarray or in need of major repairs, have no fear. There are ways you can sell your building without having to pay for all those needed repairs. If you have to sell a damaged or distressed home or multifamily in the Chicagoland area, our latest post will help you save time and money on the sale of your home.
In order to sell a damaged house in Chicago, you’ll need to be able to get in front of the right type of buyers. Generally, a buyer is in search of a house they can move in to right away or rent out as a cash flowing investment. The idea of taking on a new property, that comes with a ton of repairs, can seem very stressful and not favored by most retail buyers. A good idea would be to find the type of investor who likes fixer-uppers and who doesn’t mind taking on a damaged home. At Global Abundance LLC, we are very experienced in fixing up properties and are happy to help if you need to sell a damaged house in Chicago.
Selling Options For Your Distressed Home
Fix It Up
Quite obviously, if your house is damaged, you can always just make the necessary upgrades. This is likely going to be your best option if you plan to sell it for a price that is competitive with others on the market. That said, many people aren’t interested in spending a bunch of money on a property they are selling without any real guarantee of a return.
Instead of spending money on repairs, you can choose to list your building or property as-is. While you may be offering it at a fair price, the average retail buyer sees pictures making the house look bad, or sees that there are a number of repairs required in your property description. You might end up having trouble getting enough of the right eyes on your property in order to sell it.
Sell Your Property Directly
Typically the fastest and easiest way to sell a damaged property is to get it in front of a real estate investor or a direct buyer. If you choose to sell to Global Abundance LLC, we will buy your property as-is, potentially saving you thousands of dollars in repairs. Plus, we are able to close very quickly so you can easily sell your distressed multifamily home in the Chicagoland area, and move on with your life!
Ask Yourself These Two Questions…
How Much Do You Want To Spend Upfront?
If you have the money upfront, you might consider fixing up the house and putting it on the market. This can require a good amount of time though, and will not come with any guarantees. If you spend a fortune fixing a damaged property in Chicago, there is no guarantee you will get it back and the property will sell in a timely manner.
Who Is Your Ideal Buyer?
Is it realistic to fix up the property and put it on the market? Do you honestly believe that you will be able to find retail buyers for your property with all those much-needed repairs, willing to pay what you want and need? If so, and if you have the time and patience to wait and find out, consider listing your house with a real estate agent in Chicago. Or is the damage so severe that your ideal buyer would actually be an investor, with the means to fix up the property? Many investors, such as the team at Global Abundance LLC thrive on fixing up old homes, rehabbing multifamily properties, and helping owners escape their stressful situations by buying Chicago area properties for cash!
Owning a damaged property can become a real headache. The repairs can be expensive and you can be held liable for any injuries that occur. If you are not able to make the needed repairs, it might be time to sell your damaged house. You don’t have to hire an agent. Learn more about selling your house as-is, so you can get rid of your troublesome property once and for all!