When you put your home on the market, it has typically been prepared for buyers to come in and inspect the place with a fine-toothed comb. However, since life doesn’t always go according to plan, not all homeowners are in a position where they can prep their property to the condition that buyers would prefer. For some, financial difficulties create an inability to afford the mortgage. Increased economic trouble may turn into a failure to maintain the property, causing further stress due to impending deadlines. When homeowners cannot care for their property inside or out, signs of wear and disrepair will start to show. Minor repairs left unattended eventually grow into significant problems.
It can be difficult to take the next step in selling your home when you feel overwhelmed by the problems with your distressed property. All you need to do is educate yourself on what steps you can take, grab the bull by the horns, and take control of your situation. Read on to discover six important things to consider when selling a distressed property in Tampa.
Value
One of the most important things to consider when selling a distressed property in Tampa is how the value is determined. Looking at properties near yours that have sold recently which are nearest to yours in size, features and proximity can help you to estimate a value. Then you’ll need to get an idea of the costs it will take to rehab the property and adjust your asking price accordingly. A direct buyer like those at You Pay Zero Tampa will provide you with the numbers on how much your home would sell for on the market vs. our offer, so you can compare and decide what works best for you.
Repairs
Another thing about selling a distressed property in Tampa: if you don’t want to sell your house at a reduced price, you need to invest in the necessary repairs. But be aware that discovering more serious issues with the home as you make repairs is always a possibility. If you’d prefer not to fall into the bottomless financial pit of house repairs, you can leave what lies hidden in your home up to the professionals by selling to direct buyers like those at You Pay Zero Tampa.
Disclosure
Before selling a distressed property in Tampa, ensure that you understand the laws surrounding disclosure. Advise your buyer of all information that is relevant to the property upfront, and be honest; otherwise, it may come up again in court.
Timeline
When you list your home for sale, a count noting the days on the market begins. The effects of this tally on your final sales price is another thing to consider when selling a distressed property in Tampa. The bottom line when it comes to days on the market is that, the longer the listing sits, the lower the sales price is likely to be. Unfortunately, buyers often scroll right by these listings because they prefer move-in-ready homes, causing the days on the market to slowly add up. Sometimes buyers make lowball offers, which can be insulting to sellers. On the other hand, you could be sleeping soundly tonight after selling your home to a direct buyer like those at You Pay Zero Tampa who offer a guaranteed closing in just a few days. If that’s a rush, at You Pay Zero Tampa, we can set a date for closing at your convenience.
Cash
Financing is often not an option, which is another important thing to consider when selling a distressed property in Tampa. For this reason, you will need to ensure that the buyers you’re working with have the financial backing to carry through with their cash offer. For those facing a possible foreclosure, you can’t afford to tie up their property with a buyer only to have the deal fall through and run out of time to complete the sale. When you work with a direct buyer like those at You Pay Zero Tampa, we buy homes for cash without any hefty commissions to pay and no hidden fees off the top at closing.
You Pay Zero Tampa
Selling a distressed property doesn’t have to be stressful. With so many years of experience, direct buyers know everything you need to make it easy to sell a distressed property in Tampa. They can answer your questions and address any concerns you have about the process. The direct buyers at You Pay Zero Tampa live and work in Tampa, we are your neighbors, and we want to treat you fairly so that you feel good about your deal long after closing. Contact You Pay Zero Tampa today at (813) 686-5404 to learn more!