How Selling Your Distressed Property Helps Others become Homeowners
If you cannot afford to cover your property taxes, you may need to consider selling your distressed property. If your house in in bad shape, full of a lot of stuff from over the years, you may be wondering “who would buy my house for cash in St. Louis?” While selling houses like this can be challenging, at The Klamen group, we specialize in this service and will make this as easy as possible for you.
You also get the benefit of seeing your old home rejuvenated and become the new home for someone else who needs one.
Affordable Housing Options
Distressed properties are priced at below market value, making them a feasible option for first-time home buyers who can’t afford the down payment for a brand-new house. This type of property is also affordable because they are sold as-is, which means sellers don’t need to pay for repairs or upgrades before putting it up on the market.
You don’t have to worry about disappointing potential homeowners, too. Buyers know what they are getting when they buy a distressed property and adjust their expectations accordingly. Besides, they’re not after the benefits of a brand-new construction; it’s the affordable price of an old building that appeals to them.
Fixer-Uppers are Cost-Efficient
First-time home buyers may save more if they purchase a fixer-upper and then do some of the repairs themselves. They can also stagger the costs of structural repairs and renovations over a long period. For many people, paying for repairs whenever they have the cash to spend is more economical and feasible compared to spending a large sum in one go.
Resale at a Higher Price is Possible
What’s great about rehabilitated distressed properties is they have a high potential for increasing market value. When your property’s new owners are done with renovations, they may later sell it at a higher price. After putting in a lot of time, hard work, and hard-earned money into restoring their house, this will be a well-deserved reward.
If you have a house that is in danger of foreclosure, stuck in probate, or in contention because of divorce proceedings, consider selling it instead. You won’t be the only one benefitting from the act by selling your property, you will be helping other people, too.
If you hope to have a quick and hassle-free transaction, Klamen Real Estate will be happy to help. Contact us, and we’ll get back to you promptly with an offer.