Can You Sell a Damaged Rental to a Cash Buyer?
If you own a rental property, then you probably have a great investment. That is until your renters move out and you discover that they lived in it like a bunch of barbarians. If your tenants have damaged your property, and you are fed up with being a landlord, then let MemFixerUpper explain the options you have that may help you. We know first-hand how frustrating sloppy tenants are.
Determine the Damage to the Home
Identify the level of damage to the home your tenants caused. Ask yourself these questions.
- Is the home going to cost more than it’s worth to fix up?
- How much time will the repairs take?
- Can you make the payments during the vacancy of the home?
Once you have contemplated these questions, you may feel overwhelmed. Well, don’t worry too much, you will be able to sell your rental as is, even with the severe damage that was made. Don’t stress out over how much time/money it may take to sell your rental property. It will only cause you to stay trapped in the landlord title forever. We will help you get out of your disaster, and go over the different options you have for this situation.
What Will My Selling Options Be?
If you have decided to sell your home, then you should identify the different options of selling it. You probably already know of the traditional ways to sell a home: for sale by owner or hire a realtor.
Selling either of these two ways can be difficult to find a buyer, especially a buyer who would want to buy your damaged rental property. It is possible though, but you may need to sell your home for a lot lower than you were hoping to. Most buyers will create an idea in their head of how much repairs will cost, so in order for a buyer to see the potential, they are going to offer you a lot less than what you are asking for.
Sell to Us MemFixerUpper - the Cash Buyers
If repairs/renovations aren’t in the future, and no one wants to rent your house, then what should you do? Sell your property to us! We will take the burden off your shoulders, and free you from this nightmare.
We are a house cash buying company. Because we have the funds available for you, once you accept our offer, you are able to have the cash for your home in a short 7 days! No long closing process, and we will not fall through with the sale either. We have helped dozens of people who are in your exact same situation, and we would love to help you next.
For more questions about why selling to a cash buyer is the best way to go, feel free to contact us 901-437-0154. We are here to talk with you, and we can take your damaged rental off of your hands. It is fast, easy, and painless.