How to Sell My Tuscaloosa House with Flood Damage

Does it Always Make Sense to Fix Before Selling a Flooded Home?

It doesn’t always make sense to fix the house before selling it. Repairing a flooded house can be a costly complicated and time-consuming process.

Create a list of all your damaged property

Before selling your home, it’s important to have a plan in order. For many people, this means making sure they get rid of all their damaged property before putting the house on the market. If you’re not careful about what you choose to keep or throw away, you could be leaving money on the table and potentially costing yourself thousands of dollars.

How much of the storm damage should I repair?

The amount of storm damage you should repair depends on your insurance coverage, what type of damage it is, the amount of deductible you have for this type of damage, and how much time or money it would take to fix.

Should you ever sell your water-damaged house to a cash investor “as is”?

You’ll save money on repairs by not repairing your home and just selling it to a cash investor. For example, if you had storm damage of $20,000 and got an offer for $360,000 as-is the investor might not inspect the property very thoroughly. The odds are that he won’t turn away from the offer because you’re dealing with high risk.

Selling to investors saves buyers lots of hassle that come into place when they buy a house that needs extensive repairs before any renovation work can be done. This could easily become very expensive if you do not know what you are doing, so be sure to check with your contractor before making any repairs in these cases.

Approach the Sale of a Flooded House as Objectively As Possible:

A couple of important considerations when looking at the sale of a flooded house:

Do you have flood insurance on your home? Do you have equity in your home? If not, then is it may be worth investing in repairs and remodeling for this property? Would doing so put too much strain on the amount of equity that you might be left with when selling? 

Very few people think it is worth putting money into renovations that may help sell your place but end up costing more than the house will ever be able to sell for (aka cost greater than market value).

How long will it take to sell my house?

It really depends on market conditions in your area, but in a normal sales process, it will take a minimum of 1 month if you find a buyer the same day you list your property. This is not very realistic in most markets. However, with Act First Properties, it can take anywhere from one to three weeks. We close fairly quickly, usually within days or weeks. If you need cash sooner, we are happy to get the approvals done to make it happen for you.

How do I know your offer is fair?

As locals, we know the Alabama real estate market. We have helped many people sell their homes and would love to help you get your house sold for the right price. Whenever you are ready, just give us a call and we’ll take care of everything!

Want to sell your house in Tuscaloosa, AL fast?

Whether you are trying to avoid foreclosure, facing divorce, moving, upside down in your mortgage or have a lien on a property, call us to get a fair cash offer and close when you are ready to sell.