What To Do When Your Home Is Uninhabitable

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There are times when bad things happen to our homes, ranging from natural disasters to wear & tear and even vandalism. In any of those scenarios, sometimes a home can no longer be legally inhabitable, and even if it was you really wouldn’t be able to stay there comfortably. When a home is so damaged that it is either beyond repair or it can cost a significant amount of money, there aren’t that many options. Selling a home in the traditional sense would be nearly impossible because buyer agents are looking for a ready-made home that a buyer can immediately move into. But if a home is too damaged, that will exclude a majority of potential buyers almost immediately.

The Alternative

We’ve mentioned real estate investors before on our site, and there’s a good reason for that. We often get contacted by those that are unsure what to do with their property because they either can’t live there anymore or they are simply unable to get rid of it. The alternative to dealing with home issues and inability to sell to a buyer is to use an investor. Because they don’t rely on agents, MLS, mortgages, or negotiations in the traditional sense, they can avoid a lot of the red tape that agents have to deal with.

As Home Buyer Houston states, an investor has the ability to draw upon cash reserves and make offers 100% in cash, and they will purchase the home as-is in any condition. Because of that flexibility, they are able to avoid all agent commissions and will cover the closing costs involved in the sale. Additionally, homes can be closed within a week, which makes them a saving grace when it comes to foreclosures and divorces, which are time sensitive.

The downside to a real estate investor is that they will generally try to low-ball an offer because they do need to have it lower enough to make a profit. Because of that, they know that the best homes are ones where the homeowner really needs to get out of a sticky situation or else they stand to lose everything without any cash in their pocket. While homeowners look at the opportunity cost lost, they are generally thankful for the bailout that they otherwise wouldn’t have been able to catch. For the Texas market, Houston’s wholesale companies are able to find buyers for homeowners that really need to get their house sold quickly, so sometimes that’s an even better, faster option for those that are in trouble.

Where To Go From Here

If you’re in a tough situation and the property you own is turning out to be more of a burden than a blessing due to a situation or the state of your home, reach out to a real estate investor before it’s too late. There are plenty around in almost every city that are willing to lend a helping hand. If you’d like to go through our connections, feel free to let us know and we’ll hook you up with a network of investors can assess your home and give you a cash offer.