Can I Sell My Damaged House After a Tornado in Kansas?
Kansas gets approximately 95 to 100 tornadoes annually. Tornadoes can strike along the Kansas City, Kansas, area, causing millions of dollars of damage to houses and businesses. If a tornado hits your house, you may decide that you want to sell your damaged house fast instead of trying to repair it.
However, selling a damaged house can be difficult in a strong real estate market where houses in good condition sell faster. Still, it’s possible to sell your house damaged house right now. Instead of attempting a traditional sale, you can sell your house as-is for cash to a company that buys houses in Kansas City, Kansas.
How Much Damage Can a Tornado Do To a House?
Tornadoes can cause total devastation in less than ten seconds. Tornadoes in the EF-2 and EF-3 range can destroy single-family homes. Four seconds is all a moderately powerful tornado needs to wipe a foundation clean. In this case, a complete rebuild is necessary.
However, not all tornado-related damage is total. A tornado carries heavy rains, hail, high winds, and debris, which, even at distances, can cause enough damage to a house to warrant major repairs but not cause total devastation. Common repairs after a tornado include:
- Roof repairs
- Framework and structural damage
- Window replacements
- Water leak damage
- Siding replacement
- Electrical and plumbing repairs
- Foundation repairs
Even if the house is still standing, these repairs can cost thousands of dollars. Your homeowner’s insurance company may only pay for a fraction of these repairs, leaving you with out-of-pocket expenses.
Why Buyers Won’t Buy a Damaged Houses
Let’s say that you decide to repair the house and then sell it. Even if you restore the house to 100 percent of its original condition, you may still have problems selling it. Why? Because buyers are often suspicious that there may still be problems with the house. Or, an inspection may reveal serious structural problems that the original inspection did not reveal.
You could possibly find a buyer to agree to buy the property if you made the necessary repairs. However, a tornado can weaken the house considerably, leaving the buyer dealing with issues down the road. A lot of buyers don’t want to risk that kind of investment. For this reason, you need to consider an alternative to a traditional home sale.
How Can I Sell My Damaged House After a Tornado?
You have three main options for selling your house after a tornado.
- Hire a real estate agent and sell your house the traditional way.
- Attempt a For Sale by Owner and sell your house yourself.
- Sell your house as-is for cash to a company that buys houses in Kansas City.
If you can’t sell your damaged as-is on the market, then a traditional home sale and an FSBO are not an option. No one will buy a damaged house as-is when they can buy a competing house in good condition. So, your best option is to sell your house as-is for cash.
A cash sale allows you to bypass the market altogether and work directly with a professional home buyer in Kansas City, Kansas. You show the house to the buyer. The buyer then makes an offer on the property. If you accept the offer, you close the sale within a week or two and get a check or electronic transaction as payment.
A cash sale allows you to get out of the house and your mortgage quickly. You make no repairs, pay no closing costs, and you don’t have to worry about realtor commissions. The buyer agrees to purchase the property regardless of its current condition. You don’t even have to schedule an inspection. Simply sell your house fast and walk away with no strings attached.
Get a Fast Cash Offer from Kansas City Cash Closings
Before you call the realtor, let us look at your house first. At Kansas City Cash Closings, we buy houses as-is. Call 816-608-4688 to get a fast cash offer!