Can I Still Sell My Damaged House After a Tornado in Ohio?
As Tornado Alley continues to head further East each year, homeowners grow more concerned about the effects of severe weather on their homes. Currently, Ohio gets an average of 20 tornadoes per year. That number is expected to climb over the next decade. While repairing a house can be difficult, selling a damaged house after a tornado can be almost impossible.
If a tornado strikes your Ohio house, the property value can plummet, leaving you with two main choices for selling the property. Either repair the house and sell it the traditional way or sell your house as-is for cash and move on.
Why Can’t I Sell My Damaged House After a Tornado?
There are several reasons why it can be almost impossible to sell a damaged house after being hit by a tornado.
The Damage Is Too Extensive
If your house got hit hard by a tornado, there might be too much damage to restore the current house. You may have to tear it down and rebuild it. A potential buyer may not want to deal with rebuilding a new house.
Repairs Are Too Expensive
Tornadoes can cause massive structural damage to a house. The damage can spread to the roof, framework, plumbing system, electrical wiring, and foundation. These repairs can cost thousands of dollars - something a buyer may not want to invest in to get the home.
Future Risks
Let’s say you repair the house and sell it. The buyer may be happy with the purchase at first. However, the buyer may discover substantial damage that you didn’t find a year later. Many buyers don’t want to take the risk of buying a house with potential problems after a tornado.
There Are Too Many Options for Buying Houses
Although there is currently a housing shortage in Ohio, more properties are entering the market daily. Buyers have too many options from competitors with better-quality properties than yours. Trying to sell your damaged house is an uphill battle when considering comparable houses in your market.
What Is the Best Way to Sell My Damaged House After a Tornado?
The best way to sell your house after being hit by a tornado is to sell it as-is for cash to a company that buys houses in Ohio. A professional home buyer is more likely to make an offer on your house that you can work with. You do not have to make repairs on the house or schedule an inspection in a cash sale.
There are several other benefits of a cash home sale.
- You do not have to hire a real estate agent or pay realtor commissions.
- The buyer agrees to pay up to 100 percent of the closing costs.
- Most cash sales close in as little as seven to 21 days.
- A cash home sale allows you to get out of your mortgage.
- You work with a single pre-qualified buyer ready to make an offer immediately.
Selling your house to a company that buys houses is easy. The buyer looks at the property and makes an offer. If you accept the offer, schedule a closing date that works for you. You meet with the buyer to close the sale. The buyer pays you for the house. You walk away with no strings attached.
Sell Your Damaged House Fast in Cleveland, Ohio
Regardless of how damaged your house is, you can still sell it as-is for cash. Home Buyers Ohio can make a fast cash offer on your house and close the sale quickly. Call 440-490-4600 to get a fast cash offer today.