The average time it takes to sell a house in South Carolina is 89 days. However, this can vary depending on a number of factors, including the property’s location, real estate market trends, and the state of your property. It’s easy to sell property that requires little to no home improvements needed. But if you’re trying to sell a house in South Carolina with property damage, you should expect fewer interested buyers.
Selling homes with damage in South Carolina can be challenging, but it’s not impossible. As long as you choose the right strategy that works for you, you can get the best price and sell your home for much faster. Here are some of the ways you can sell your home fast.
Consider Repairs and Renovations Before Listing
One of the biggest disadvantages of listing houses with property damage in South Carolina is that you’re less likely to get offers that match your property’s market value. Most buyers on the market are private individuals who want to move in or investors who want to rent out the property, so buying a house that’s safe to move into immediately is an advantage. Since they’ll be paying to address the property damage, they have leverage over negotiations and can try to lower the asking price.
If you want to avoid this, consider addressing the property damage before listing your property on the market. A good rule of thumb when doing renovations is to spend no more than 15% of your home’s value on a single room; otherwise, the repairs you perform aren’t worth the value you’re getting when you sell. If you’re on a limited budget, address the most pressing issues like foundation problems, plumbing, electricity, and other essential parts before focusing on the aesthetics of the property.
Sell As-Is on the Market
If you don’t have the financial means or the cost of repairing the damage is more than what you can hope to earn from the property, your next option is to sell it on the market as-is. In South Carolina, you’re required to list all defects within the property that buyers should know about, including:
- Water and sanitary sewage disposal system
- Structural components (like the roof, foundation, basement, and other areas)
- Plumbing, electrical, HVAC, and other systems
- Infestations and pest control
- Zoning laws, code violations, and the like
- Hazardous materials
- If the property is currently leased or rented
- HOA guidelines
While you aren’t required to have a professional home inspector conduct your home, it’s highly likely that your buyer will want to do this. Aside from the fact that many mortgage lenders require home inspections to approve a loan, buyers will want to know if there is anything you’re not disclosing.
This, of course, comes with several disadvantages. Aside from managing your expectations on the offers, buyers can get a leg up to try and negotiate a lower price. Avoid hiding property damage, as these can cause delays on the sale and may be grounds for legal claims from the buyer.
Sell Your Property to a Professional Homebuyer!
For those who want to avoid the costs of repairing property damage while still getting a fair price, the answer isn’t listing your property on the market. Instead, contact a homebuyer in Upstate SC and sell your home directly to them.
Professional homebuyers like Sell My House Fast – Greenville, Spartanburg, Anderson, Pickles buy homes as-is, so there’s no need to have any repairs done to receive a fair offer. After scheduling a property viewing, you can expect a fair cash offer within 24 hours. If you accept, we can proceed with the closing process. We pay with our own cash, so there’s no need to undergo inspections before we can close the deal.
Conclusion
Selling a home with property damage can be a challenge, but it’s not impossible. There are ways to sell your property on the market as long as you manage your expectations and choose the option that works best for you. But for a fast sale with a fair offer on your home, your best bet is to skip the market and sell directly to a professional homebuyer like Sell My House Fast – Greenville, Spartanburg, Anderson, Pickles. We’ll give you a fair offer on your property within 24 hours of our scheduled property viewing.
Contact us today to learn more about our home buying process.
