Can you still sell your water-damaged house?
Many sellers face adversity when selling their homes. All kinds of things happen to a property to make a homeowner feel the house is unsellable. Our latest post will discuss “how to sell your water-damaged house” caused by frozen pipes in North Texas.
Let’s face it, water damage is a big deal. Water can wreak havoc on many aspects of your home. Repair costs can climb to unbelievable heights if the problem isn’t remedied immediately. Luckily, there is still a market for these homes! If you want to sell a water-damaged house, learn more about how to do it here!
What should you do with a water-damaged house?
Water can cause a ton of problems to your house. As soon as you know there is a problem, seek to have it repaired immediately. Mold can grow only a few hours after exposure, especially in high temperatures. As soon as possible, stop the flow of water to the area. Immediately begin cleaning, drying, and disinfecting. These tips from FEMA will help you handle mold and mildew in your home. Let your insurance company know of the damage, and hire a professional water damage restoration company immediately. Damage will be worse the longer you delay. Yes, this is a lot of work but necessary.
Damages Can Be Extensive
In addition to causing mold, water can get into electrical systems, damage wood, and compromise the home’s overall structural integrity. Drywall, paneling, and carpeting can become damaged, along with personal items. Water can be very destructive, but this still does not make your home unsellable. Keep an accurate record of all repairs and share this information with all prospective buyers.
Will the Insurance Pay for Frozen Pipes in your water-damaged house?
Read carefully. The answer is both yes and no. Typically, insurance will not pay for repairing the pipes that burst. The homeowner will pay the cost of the plumber. That’s why the answer to the question “will insurance pay for frozen pipes” is no.
Most insurance companies will pay for the water damage. Therefore, damage to personal belongings, ceilings, walls, flooring, etc, is normally covered by insurance. That’s good because damage to these other items often costs much more than the plumbing repairs.
Let your agent and prospective buyers know about the damage from the beginning. Selling your house with water damage caused by frozen pipes in North Texas can be challenging, but it doesn’t have to be. Have a home inspection before listing, ensuring interested parties that the damage has been repaired. Have your claims backed up by having a written repair estimate of what has been repaired/replaced and a report from a mold specialist, giving the property the green light.
When buyers hear the word “water damage,” it can cause them to run the other way fast. Repairing the home first and providing the paperwork showing the home has been repaired will go a long way for your buyer’s peace of mind. Not disclosing damages can cost you. You don’t want something to be discovered after closing that could lead to financial repercussions or even a lawsuit, not to mention being unethical.
Prepare for the Inspection
Expect something to come up during the home inspection due to the water damage. Water often causes problems we don’t see right away. It usually takes time before we realize the severity of the water damage. A home inspector may discover water damage hidden below the surface. Many homeowners opt to have an inspection before listing their homes. Yes, this will slow down the listing process, but by being proactive, repairs can be made before you list, and a buyer finds them for themselves, causing concern.
Many sellers opt for selling direct to a local, trusted expert house buyer. By selling your house directly to TMC Property Solutions, you can get rid of your unwanted house in Dallas, Fort Worth, and surrounding cities without any inspections, repair costs, or hassle, and SOLD within days. We will evaluate your house, estimate repair costs, and make you a fair and honest offer on the property “as-is.” You can quickly and easily sell your house with water damage caused by frozen pipes or other causes without making any repairs or waiting for a buyer. Be-Done-With-It within days. Many homeowners who are dealing with water damage opt to go this route. It can save time, headaches, stress, and money and help you avoid the hassle of getting your house ready for the MLS.
We hope you found these tips on how to sell your water-damaged house caused by frozen pipes in Dallas, Fort Worth / North Texas, helpful.
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