Follow These Tips When Selling a Distressed Property

Struggling under a mountain of debt, many people find themselves in the unenviable position of selling a distressed property at any price. Luckily for them, we can help! When it comes to selling your distressed property, there are a lot of things you should take into consideration. Our guide will help make the process as seamless and simple for you as possible!

How to Spot a Distressed Property

Selling a Distressed Property

The term “distressed property” is a broad one. It can refer to anything from physically neglected homes, to properties caught up in legal disputes. Homes can be left in disrepair from natural disasters or neglected because of the owner’s economic problems. If the homeowner cannot pay for repairs, they may need to sell their house fast.

In some cases we’ve helped families clear up probate properties, we’ve also helped homeowners avoid foreclosure if they can’t afford to pay their mortgage. Sometimes a distressed property can just be an untidy lawn that hasn’t been kept up to code, or even just a slow market.

How Selling Can Help

Buying and selling homes can be an emotional experience. It’s often considered a “shame,” when someone has to sell their house under unexpected circumstances, but that couldn’t be more wrong! Selling a distressed property can actually help homeowners by offering a simple sale and fast close.

Selling to cash buyers like SellThatHome saves you from the hassles of renovating. We purchase properties with cash as-is, so you can leave it as messy or tidy as you’d like. Also, as previously mentioned, we can help homeowners actually avoid the grips of foreclosure. Selling a distressed property can help homeowners get back to what matters most in life. While at the same time, it helps fund our customers for another down-payment for a house or paying off debts.

How to Go About Selling a Distressed Property

You can sell a distressed property the same ways you could sell any other property. You could hire a real estate agent, list it as for sale by owner, or work with professional cash buyers in your area. When working with realtors, it’s important to understand homes typically need to be in pristine condition in order to be listed and sold quickly on the MLS. If your property is distressed in the physical form, we don’t recommend listing with a realtor.

In the FSBO route, you get to avoid a lot of realtor fees and closing costs, but you have to invest a lot more time this way. When you list with a realtor, they’re professionals at marketing and finding buyers for your home. We don’t usually recommend going this way, unless you are familiar with your local market.

If you want to avoid the stress of listing your own property, avoid commission fees, and achieve a fast sale without having to deal with all the hassles that come along with it. Headaches like moving companies, hiring professional inspectors, hiring a home stager, and the endless home showings. Selling in cash can be incredibly simple because companies like SellThatHome will buy distressed properties just how they are.

SellThatHome has a great solution for homeowners who are looking to sell their distressed property. It’s surprisingly simple, and you could close on your house within 30 days of initial contact. SellThatHome offers fair prices, handles all the fees associated with selling your home while being flexible when it comes to moving out dates.

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