- April 11, 2022
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After a flood, your home may have sustained a level of damage that simply doesn’t make financial sense to repair. From mold remediation solutions to the cost of replacing damaged appliances, the cost can quickly start to add up, which may have led you to consider selling your flooded house. However, you may also be thinking: Who wants to buy a flooded house? While this can present a challenge in the open market, a cash buyer will gladly take a flooded house off your hands.
In this article, we share with you some considerations when deciding whether to repair or sell a flooded house.
When Repairing Makes Sense
One important question to consider before going for repairs is: How long has it been since the flood took place? If it has been less than 48 hours, you have a much better chance of salvaging your property. You can start by removing all items away from the flooded area, including furniture, appliances, and any other small items. Next, get out all the fans and humidifiers you have to dry out the area and send your upholstery for professional cleaning.
What to Do When Your House Is Flooded
Whether or not you intend to sell your house, it’s wise to get an idea of how much it would cost to do the necessary repairs to make the property habitable. In any case, you should always document the damage as soon as possible as it will help you in making an insurance claim. You can do this by taking pictures and videos as well as providing an inventory of your belongings.
If you wish to list your house on the open market, keep in mind that even after the necessary repairs have been carried out, the fact that your house has previously sustained water damage can be a mark against its favor. To this end, you will want to focus on invoking cleanliness in every corner of your house. Whatever you do, never try to hide areas of damage instead of getting the repairs done – this can result in a heavy financial penalty down the road.
Consider Selling Your Flooded House to a Cash Buyer
If you do decide to sell your house, you will have to go through a lengthy process before it’s ready for viewing by potential buyers. You may not wish to shoulder this hassle, especially as it’s going to take time you may not have and tie you down to the property longer than you wish to be.
When that’s the case, you have another option: selling to a cash buyer. Modern Feather Properties will offer you a cash price as is for your property after carrying out an inspection, which means that you don’t have to conduct any repairs at all! That’s right. When you sell your house to us, you can benefit from a quick cash deal, allowing you to move on with your life as soon as possible.