Selling a house with water in the crawl space can cause problems for homeowners depending on the buyers they’re targeting. At Pyramid Properties, we buy houses in Memphis for cash regardless of their condition, including water-damaged homes. Learn how selling a home with water-damaged crawl spaces differs for traditional buyers versus cash home buyers.
Why Standing Water Inside Memphis Homes Is Dangerous
While it’s not impossible to sell a house with water damage, many traditional buyers have their reservations about purchasing. Homes with standing water in the crawl space may have structural damage because the water can seep into the foundation. They also present the threat of mold, which can lead to serious health problems upon exposure.
Many homeowners believe walking away from foundation issues and mold problems is the best option. Most buyers won’t be keen on purchasing a home without sufficient crawl space waterproofing or a passing structural damage assessment.
Identify the Source of Water and Address It Before Selling
Experts advise against selling a house with water in the crawl space before you figure out where the water is coming from. Possible sources of standing water include:
- Leaky pipes
- Faulty sump pumps
- Poor exterior waterproofing
- Gutter downspouts that release water too close to the home
Once you know what is causing the problem, you can take steps to prevent more standing water and protect the foundation.
Be Upfront With Memphis Home Buyers About Water Damage
Whether your home has poor foundation drainage or evidence of mold because of water in the crawl space, you must make these issues clear to potential buyers. Disclosure requirements keep the buyer informed of any structural damage or health hazards the house contains. They can use this information to negotiate the price and even walk away from the sale.
You can choose to sell the house as-is or take steps to correct the problem. Document any repairs or mold and mildew prevention measures you take and present this information to the buyer. Having sufficient information on the home’s condition can influence any future repairs they need to make to prevent water damage.
Sell Your Memphis Home to a Real Estate Investor Without Issue
If you decide to sell to a cash buyer, such as a real estate investor, you won’t have to worry about making costly repairs. You can sell your house in a matter of days and receive cash regardless of its condition. Many individuals prefer this option rather than jump through the hoops of a traditional home sale.
Receive a Cash Offer for Your Water-Damaged Home in Memphis – Contact Alan at Pyramid Properties
Selling a house with water in the crawl space has its challenges when you go the traditional route. Selling to a cash buyer makes the process much easier and stress-free.
Contact Alan with Pyramid Properties to discuss the benefits of selling a house for cash and learn how you can receive an offer for your home. Call 901-504-5555 to get started.