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The Downside of Selling a Distressed House in This Market

If you’re considering selling your home, you’re probably aware that move-in-ready homes are selling fast. Inventory is low, and buyers are eager!

If you’re selling a distressed home, though, it’s not quite the same situation. Distressed homes are sitting on the market longer. Let’s go over why this is, and what your choices are as the seller of a distressed home.

Why aren’t distressed homes selling quickly?

Many buyers may be shy to bid on a distressed home due to the renovations required. As the cost of materials has soared, renovation costs have followed. There’s also a shortage of workers in the construction industry, so many renovations are taking longer than planned. Understandably, buyers don’t want to get into a situation where an unknown amount of time and money will be required before they can move into their new home. Furthermore, many people just don’t have the skills required to successfully rehab a home in a way that’s cost effective, or they may (understandably) lack the desire to do so.

What does this mean for you, as a seller of a distressed house? Luckily, you have some options.

Option 1: Get ready to wait.

If you aren’t in a huge hurry to sell, you might want to list your home and wait for the right buyer to come along. Just be aware that you may be waiting quite a while. A truly distressed home may not qualify for a mortgage, so you will need an investor with cash to buy. If you’re selling to a private investor, you want to be sure that they have cash on hand rather than money tied up in other investments—otherwise, you could be waiting even longer for them to liquidate their assets to complete the purchase.

Option 2: Fix it up before listing.

Another option is to fix up your distressed home before putting it on the market. If you want to go this route, we suggest getting a thorough inspection first so that you have an accurate idea of everything you’ll need to fix.

Of course, if you’re the one doing renovations, you’ll run into the same problems that we mentioned before: renovations are currently taking an unprecedented amount of money and time. If you have the skills to do some things yourself, you can at least cut down on some cost and time, though you’ll still find materials to be expensive.

Make sure you understand the real cost of renovations. You want to keep an eye on your return on investment, or ROI, for each improvement—you don’t want to put money into a house that you won’t get back in the sale. By choosing to fix up your house before selling, you also run the risk of uncovering additional costly issues during the renovation, like lead or mold problems.

Option 3: Sell to MarketPro.

If you don’t want to put your home on the market and wait around—but also want to avoid the risk of fixing it up—there’s one option left.

You can sell your home to MarketPro Homebuyers and get a cash offer now—no waiting and no risk.

Work with MarketPro Homebuyers

If you’ve decided to sell your distressed house, we’re here to help.

We’ll give you a fast and fair cash offer for your current home just as it is now; no repairs, no inspection, no commissions or fees. You can even choose your exact closing date to coordinate perfectly with the purchase of your new home. Our team will walk you through your quote, including a review of what your home would likely bring on the open market.

If you’re in Washington, D.C., Maryland, Virginia, or Pennsylvania, we’d love to show you how easy and stress-free the sales process can be. Contact us today for a same-day, no-pressure quote.

Karen JNew Windsor, MD
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I'll admit. I was a bit skeptical about using MarketPro Homebuyers but I'm so glad we did!! Working with MarketPro lifted a huge weight off my shoulders. More Reviews
Renato CLandover, MD
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MarketPro exceeded my expectationsI wanted to sell my home, but going the traditional route was not realistic for me as it would have been time consuming and expensive to do…I sit here in my new home because MarketPro made it happen. More Reviews
Ann TGlenside, PA
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MarketPro maintains one of the most professional, experienced staff I have met. They were there for me every step of the way and guided me through a difficult situation presented by the mortgage loan company that had not been resolved in the past. More Reviews
John HLandover, MD
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I am very satisfied with Market Pro’s service in promptly and efficiently handling the sale of my property from contract signing to closing. I am extremely happy with the whole process and highly recommend MarketPro if you have a house to sell. More Reviews
Anne CAlexandria, VA
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A great experience from start to finish. They made a good offer on my condo and communication was tremendous from the time I contracted with them through settlement. Highly recommend MarketPro! More Reviews
Angela MWashington, DC
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I am very satisfied with the services that MarketPro Homebuyers provided me. The closing specialist was amazing and went the extra mile in helping me I would highly recommend this company if you are trying to sell your home stress-free. More Reviews
Theresa OBowie, MD
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I rate my experience with MarketPro Homebuyers as exceptional. They have an outstanding team to work with you based on your need. Each team member was very professional in their respective roles. More Reviews
Henry ZWaldorf, MD
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From start to finish, Market Pro Homebuyers does what it advertises. The staff were informative and helpful on many details I overlooked. Worked for me and my situation. Prompt, courteous, efficient, responsive when needed. More Reviews
Arthur WMount Rainier, MD
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Very easy to work with. Got the best offer from them. They were helpful in finding a place, giving advice on getting a good mover. Any questions were handled to my satisfaction. Highly recommended! More Reviews
Nancy AReistertown, MD
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I sold three houses before and I just couldn't do another staging and spending money on repairs, paying a percentage to an agent and going to a settlement that takes forever. I chose MarketPro and it was an almost seamless process that took so little time I was amazed... More Reviews
Robin MGlen Burnie, MD
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The company was prompt meeting me. We came up with a price that I could agree on, and they got rid of all the junk acquired over the years. I was not required to change anything and was able to walk away from the property as it was. More Reviews
Lydia HWashington, D.C.
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Excellent, professional and expedient company! This team had everything covered. More Reviews
Terri MWashington, D.C.
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I was very pleased with my experience with this company. They delivered on all of their promises and made this an easy and painless experience. More Reviews
Jamie HKensington, MD
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It was an easy, smooth and stress-free transaction…no inspections, closing closts and settlement was a breeze! Highly recommend. More Reviews
George JGaithersburg, MD
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An excellent transaction from start to finish. Very pleased with the way things turned out. More Reviews
Aysha JJenkintown, PA
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Great experience, all of the staff were kind and professional and they took care of everything smoothly and in a very timely manner. More Reviews
Barbara HCollege Park, MD
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Kudos to the MarketPro team for their assistance in closing on my property…Each team member had a role to play and provided expert service…MarketPro delivered what they promised and made me another very satisfied customer. More Reviews
Amy SGlenside, PA
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When something unexpected happened and impacted closing, they worked hard to resolve it. I always got immediate answers. Even after closing, I still got an immediate response…MarketPro was well beyond my expectation! More Reviews
Maury BBaltimore, MD
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MarketPro HOMEBUYERS made the process of selling my home easy. All aspects of the sale were handled in a professional manner. A special thanks goes out to Sandy for her diligence and guidance during the process. Thank you again MarketPro HOMEBUYERS. More Reviews
Felicia DSilver Spring, MD
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MarketPro gave a fair offer for the house in as-is condition, they paid all closing costs, and I didn't have to clear out the entire house containing 45 years' worth of collected goods...MarketPro is a fair company who did what they said they would do and put everything in writing. More Reviews
Jong YHuntingdon Valley, PA
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MarketPro is fantastic. They offered the most money for our property compared to all others. Most importantly, they were no-hassle in approach, never over-talked or oversold, and always focused on point. Because of my experience with everyone, I have a very high opinion of MarketPro.More Reviews
T.H.Washington, DC
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My husband was unexpectedly tasked with the responsibility of handling the sale of his mother's property…all the folks at MarketPro walked my husband all the way through the process providing him with reassurance, patience, clear directions, and expectations for every step of the way. More Reviews
Francine MWashington, DC
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Thank you for conducting your business in such a way that makes selling a home a hassle free event. We look forward to seeing what becomes of the home and we hope the new owners make good memories in the home like we did. More Reviews
Bryan MPhiladelphia, PA
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My mom had one heck of a year and needed to sell her house. MarketPro, was one of several interested buyers of her home, as-is. They offered her the most out of everyone she spoke to. The closing specialist from MarketPro was her life preserver. More Reviews
Marty BDrexel Hill, PA
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I communicated with Nicole during the selling process. Nicole was always friendly and helpful. When I hit a glitch (a health issue), just days before the scheduled settlement, I talked to Nicole and our time frame was adjusted. More Reviews
Loriann SPhiladelphia, PA
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It was a pleasure working with the MarketPro team on the sale of our family home. Everyone was courteous, understanding, and responsive. All of our questions and concerns were promptly addressed, and any issues resolved. They were flexible, accommodating and did not rush through the process. More Reviews
Joette HLaurel, MD
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Used this team due to a death in the family. They were extremely empathetic. This was a very smooth process which allowed us the time we needed to handle other aspects surrounding the estate. I would highly recommend these folks. More Reviews
Jennifer MPhiladelphia, PA
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We worked closely with MarketPro. They were with us every step of the way - answering all of our many questions and keeping us updated on every part of the process. They are very professional and knowledgeable. We are very happy with our experience! More Reviews
Simone CCapitol Heights, MD
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MarketPro Homebuyers made the selling process so easy and pain free! They were available every time I had a question and we were able to sell quickly. I would definitely use them again! More Reviews
Danny & Bonnnie HWoodbridge, VA
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I would recommend MarketPro to not only my family & friends but to anyone that needed to sell their home. Thanks to all at MarketPro for helping us to move to our dream house! More Reviews
John HHalethorpe, MD
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I am very satisfied with MarketPro's service in promptly and efficiently handling the sale of my property from contract signing to closing. I am extremely happy with the whole process and highly recommend MarketPro if you have a house to sell. More Reviews
Sabrina MTemple Hills, MD
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We needed to sell quickly and worked with MarketPro Homebuyers on a previous transaction. We were pleased with the quick service and professionalism. We would recommend MarketPro Homebuyers to anyone! More Reviews
Danny JWoodbridge, VA
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My parents and I worked with MarketPro and were very happy with their services. The transition was quick and very easy. Thank you so much to your entire team for being honest and helping us get through this situation. More Reviews
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