How to Sell a Water Damaged Property?

A burst pipe, leaking roof or flood are the apparent reasons for water damage. Most of the time, you’ll know about the issue, but sometimes, the problem remains hidden.

It’s not always possible to locate the water damage. Something feels awkward inside the house, but you don’t know the exact problem. Check the condition of drywalls. Water accumulates inside the wall, and the surface becomes swollen. You can check that by touching the wall or by examining the exterior.

Standing water has a strong, nasty smell. Outsiders will surely sense it. The presence of mold is another indication of water damage. Mold starts developing within 24 hours after the environment is moisturized.

Sell a Water Damaged Property

Types of Water Damage in Households

Overflowing washing machine or burst pipe creates an emergency. It’s a problem, but the clean water doesn’t create health problems. After a burst pipe, thoroughly clean the area. Perhaps use a dehumidifier to dry the air. You’ll need to cut/remove the affected portion of the drywall.

What if you see gray water? Well, it’s contaminated water. The source can be broken toilet pipes.

Blackwater is probably coming from the main sewer line. Such type of water can create serious health issues. Immediately get in touch with the local administration as well as a local water damage restoration firm.

After the situation is under control, search for your insurance papers. Call your insurance agent so the firm can pay for the required repairs.

How to Sell a Water Damaged Property?

Fixing a burst pipe is easy. However, the situation can get out of control if it remains unobserved for a few days—a pipe burst when you were away for vacation. On your arrival, everything is soaking in water. The wet basement, swollen walls, and the rapidly growing mold—all signs of severe water damage.

There is a problem if you are looking to sell such a water-damaged property. Contact local contractors to see how much it will cost to fix the problem. It would be best to repair the property and then put it for sale. Buyers tend to avoid damaged houses.

Like we said earlier, it is less expensive to fix a broken pipe or a leaky faucet. On the contrary, it can cost thousands of dollars to deal with severe mold problems and foundational issues.

In that case, you have two choices:

  • Pay for the repairs even if the cost is high. Your finances and timeline will indicate whether it’s a possible option.
  • Choose to sell your home as-is.

Selling as-is means, you won’t be making any repairs. You want to sell your home in its current condition.

When pursuing an as-is sale of your home, it’s best to get in touch with a local house buying firm. A reputable cash buying firm such as Fast Home Offer Utah can buy your home as-is for a fair cash price. You won’t have to deal with repairs, water damage, or any associated problems. We will pay the closing costs, and you don’t have to pay commissions. We can even help you with the move.

Fast Home Offer Utah has had the privilege to help homeowners like you in challenging situations. We are a small, local company that works day in & day out to provide creative solutions to our clients. Give us a call or contact us through our website. Tell us about your situation. We’ll study the information, and if it is in your best interest to sell the house, we’ll buy your home as-is for a fair cash price.

Transparency is the key. We’ll let you know if you will benefit from a retail sale of your home. Our team will guide you about your options so you can make an informed decision.

Click here to discuss the situation about your water damaged property.

 

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