Selling Distressed Property
Need to sell a distressed property? Lifestyle Runners LLC is a premier we buy houses company with a team of dedicated professionals.
Get Your Fair & Honest All-Cash Offer Today! No Obligations!
We Buy Houses in Any Condition
Selling Distressed Property: A Complete Guide
So you have a distressed property and are looking to sell it? We’ll show you exactly how to sell a distressed property successfully. Our guide breaks down all your options and helps you make informed decisions for your situation.
Turn your distressed property into cash with these four essential steps:
- Get a clear picture of your property’s condition and market value
- Decide between cash buyers or traditional sale
- Gather your property documents
- Pick the selling method that fits your needs
Understanding Distressed Properties
A distressed property needs significant repairs or faces financial troubles. Most homeowners find themselves in this situation due to various reasons. For example, the repairs might cost too much, or mortgage payments become overwhelming.
Some owners inherit properties they can’t maintain.
Selling distressed property comes with unique challenges in today’s real estate market. Potential buyers in general don’t want to take on major renovation projects. Traditional lenders often won’t finance properties in poor condition.
As a result, your home might sit unsold for months with a real estate agent.
But it’s not all bad news. You have several options to sell, even if your property needs work. Cash buyers and real estate investors actively look for these opportunities. They see the property’s potential beyond its current state.
Let’s look at what makes a property “distressed”:
- Needs extensive repairs or updates
- Faces possible foreclosure
- Has tax liens or other financial obligations
- Suffered damage from natural disasters
- Sits vacant and deteriorating
- Requires more maintenance than the owner can handle
These issues affect your home’s market value, but they don’t make it impossible to sell. In fact, specific buyers search for exactly these types of properties. They’re prepared to deal with all these challenges and can often close quickly.
Options for Selling Your Distressed Property
You have several paths to selling distressed properties quickly. Each option comes with its own timeline and requirements. Read on and find out what works best for your situation.
Real estate investors look specifically for distressed homes that need work. They understand repair costs and make quick decisions. These serious buyers often pay cash and close sales within days.
Working with a real estate agent might take longer. Your real estate agent will list the property and find traditional buyers. But here’s the rub: Most potential buyers want well-maintained homes.
Your distressed property could sit on the market for months, despite efforts in attracting buyers through curb appeal or virtual tours.
Cash buyers offer the fastest solution for distressed properties. No need to fix anything or clean up. The sale process happens on your schedule, often in just a few weeks, selling as is in as is condition.
Comparing Your Options
Let’s look at all your choices side by side. Each path to selling has its own set of trade-offs.
| Features | Traditional Sale | Cash Buyers | Real Estate Auction |
|---|---|---|---|
| Timeline | 3-6 months | 7-30 days | 30-60 days |
| Closing Costs | You pay | We pay all | You pay + auction fees |
| Major Repairs | Required | None needed | Required |
| Property's Condition | Must be good | Sold as is | Should be decent |
| Real Estate Agent Fees | 5-6% | Zero | 5-8% + buyer's premium |
| Certainty of Sale | Low | Guaranteed | Medium |
| Sale Price | Market value | Slightly below market | Unpredictable |
| Paperwork | Extensive | Minimal | Moderate |
Why Choose Us - No Showings, No Open Houses
Our team knows distressed property sales inside and out. Local expertise makes all the difference. We understand your neighborhood’s true value.
The cash offer you receive reflects honest market research. No games, no pressure tactics. Just straightforward numbers based on facts.
Need to deal quickly? Our team at Lifestyle Runners closes lightning fast. Most sales wrap up in 7 days flat. Your timeline drives the process.
Professional title companies handle every document. The closing process runs smoothly every time. You’ll never chase paperwork.
Talk to us first – no strings attached. Our consultation costs nothing. You’ll get clear answers to all your questions.
Why Choose Cash Buyers for Your Distressed Property
We buy distressed properties exactly as they stand today. Leave the repairs to us. That leaky roof? The broken AC? Not your problem anymore.
The closing process moves at light speed with cash sales. Most of our deals wrap up in 7 days flat. Or more, if you need more time. You pick the date.
Skip the real estate agent commissions completely. No 6% fee eating up your profits. The cash offer you see is the money you get, often leading to more money in your pocket compared to a short sale or auction.
If you’re facing foreclosure, cash transactions stop that process cold. Protect your credit and walk away with money in your pocket.
Our paperwork process runs smoothly every time. Sign a few forms, get your cash, and move forward with life. Simple as that. We even coordinate with a real estate attorney if hidden problems or legal issues arise.
The home buying process shouldn’t give you headaches. We handle everything:
- All repair costs after purchase
- Every bit of paperwork
- Complete closing costs
- Junk removal if needed
- Quick, guaranteed closing
Most importantly, you’ll get a fair price for your property. Our team looks at recent sales and current market data, including neighborhood trends and market trends, to determine value.
The offer reflects real value, not low-ball numbers, considering the property’s market, local market, current market, and market conditions. We factor in unique features and comparable homes for a good deal.
Convenient Next-Day Cash Offer
Skip time-consuming phone calls or long list of preparations. Instead request a free cash offer for a quick, seamless and fair selling process.
FAQ'S
Frequently Asked Questions
We analyze recent sales of similar properties in your area. Our team looks at your property’s condition and location. We run a comparative market analysis to give you the most accurate value.
You’ll get a detailed breakdown of how we reached your offer number, considering market conditions, broader audience, and neighborhood trends.
You’ll need proof of ownership and a government-issued photo ID. We handle all other paperwork through our reputable title company.
Our team manages everything from contract creation to closing process documents, including any legal issues with a real estate attorney.
Most owners get their cash offer within 24 hours. The entire sale process takes about 7-14 days. Some sellers close in just three days. You pick the timeline that works best for you to sell quickly.
No repairs needed – we handle all major repairs after purchase. Your house can have foundation issues, roof damage, or outdated features. We buy properties in any condition, truly selling as is in as is condition, without needing minor repairs or cosmetic upgrades.
Yes! We buy properties with good tenants or problem renters. You won’t deal with evictions or rental headaches. We take over all landlord responsibilities after closing.
Cash buyers offer faster closings and zero repair costs. No real estate commissions or showing your home repeatedly. Traditional sale methods often take months and require expensive updates.
We offer speed, simplicity, and certainty, attracting buyers without lengthy negotiations or lender’s approval.
We have extensive experience with tax liens and complicated title situations. Our team works directly with lien holders to clear issues. You get a clean, stress-free sale without managing complex negotiations or hidden problems.
Our offers reflect true market value minus repair costs and holding expenses. We provide complete transparency about our numbers. You save money on repairs, commissions, and holding costs.
Plus, you get guaranteed cash in days, often a good deal that maximizes more money based on property’s market and current market.
Next Steps
Our Home Buying Process
We make the sale process crystal clear. Our team guides you through every step. Let’s break down exactly how we turn your property into cash.
Property Assessment
Pick up the phone or fill out our form online. Just tell us about your property. Our experts schedule a quick, free consultation. Our team runs a comparative market analysis of your area. We look at similar properties that sold recently.
This helps us determine true market value. You’ll never face pressure to accept our offer. The consultation comes with zero strings attached. Take your time deciding, making informed decisions based on pricing strategies and effective pricing strategies.
Transparent Cash Offer
We share every detail of our fair cash offer. Local market real estate data backs up our pricing. No surprises jump out during closing. The offer covers all closing costs and fees.
What we offer is what you get. Our team explains the math clearly. You’ll see exactly how we reached our numbers. If you have questions, ask away. We love explaining our process, including properties sold and comparable homes.
Quick Closing
Most of our cash transactions wrap up in 7 days. Tell us to sell quickly and we make it happen. The closing process runs smoothly with our team at Lifestyle Runners. Professional title companies handle all paperwork.
You just sign and collect. Your money arrives directly in your account. No waiting for lender approval. No delays from picky buyers. You
Reviews
What Our Customers Are Saying
And proof that we can deliver on our excellent customer service
Sell Your House Fast & Get Your All-Cash Offer Today
Our cash home buyers in Orlando Florida are ready to make you a fair cash offer today.