It is estimated that between 2 and 6 percent of people have a hoarding disorder.
One of the most telltale signs that someone has a hoarding issue by looking at their home. If there are piles and piles of random items, papers, and even trash and they refuse to get rid of any of it, they could be a hoarder.
A hoarder house is one of the most unsafe and destructive dwellings to live in.
Do you own a hoarder house? Have you inherited a hoarder house recently? If you answered yes, there is hope for you yet. A hoarder house does not need to be a financial burden or personal headache for you any longer.
Learn everything you need to know about how you can sell your hoarder house fast. We have put together a complete guide specifically to help you.
What is Hoarding?
The term “hoarding” became popular in the mainstream following the hit TV show, Hoarders, on A&E.
However, far from being a mindless made-for-TV issue, hoarding is instead a very serious problem.
Hoarding is a mental disorder where people compulsively save items at random and store them around their house with no meaningful organization. Hoarders have trouble getting rid of things. Hoarding is more likely to affect older adults than younger people.
Hoarding is also likely to cause severe stress within family relationships, and even estrangement.
People with a hoarding disorder inevitably create hoarding houses. Once they pass, they often leave their homes to their adult children, who are now stuck with a burden of a home.
This can be a financial nuisance at best and a danger at worst.
The Hidden Threat of Hoarder Houses
There are many challenges and threats you need to know about if you own a hoarder house. If not addressed soon enough, owning a hoarder house can even hold you legally liable for possible damages.
Hoarding houses are very unsafe and unsanitary. The stacks of clutter and trash build up over time until there is very little ventilation, little room to move freely throughout the house, and it becomes downright claustrophobic.
Hoarding houses are both fire hazards and fall hazards. They are also more likely than non-hoarder houses to have problems with mold and rodent infestations, among other issues.
Why You Need to Sell a Hoarder House
Owning or inheriting a hoarder house can drive up your monthly or annual costs. You need to pay taxes and insurance on the property. If a fire or other hazard happens, your insurance premiums will most likely be increased.
Your city or county can also deem the house unsafe to live in. Hoarder houses are often not up to code. The city can condemn a house. If this happens, you can lose out on the money than if you were to sell the hoarder house.
If you inherit a hoarder house, the first thing you should look to do is sell.
Selling a hoarder house will not only free you from high ownership costs and legal liability, but it will give you peace of mind.
Is It Worth It to Try to Fix Up a Hoarder House to Sell?
What is the best way to sell a hoarder house? Some people may be convinced they are up to the task of fixing up the house and selling it on their own.
It can be a major challenge to try and fix up a hoarder house to get it ready to sell on the real estate market. If you are thinking about fixing up a hoarder house to sell yourself, there are a few things you should know before starting.
The Clean Up
This is by far the most difficult part of fixing up a hoarder house to sell. The clean up is the very first thing you need to do. The clean up is the biggest and most time consuming task because of the sheer amount of stuff that must be gone through and dealt with.
If you choose to clean up the hoarder house yourself, go through the items and divide them up into three main categories. These categories are items to keep, donate, and throw away.
Once you have sorted out the items, you can have a garage or estate sale for the items that may still hold some value.
If you would rather not go through the tedious task of sorting through the mountain of items in a hoarder house, you can hire a cleaning crew. This can help take the burden off you. However, this can be a very expensive add to your total cost.
Nearly all hoarding houses need to undergo some sort of renovation before going on the market. This is because hoarder houses usually sustain some sort of damage, mold, and structural issues.
Hoarder houses are usually lacking in code compliance. You will need to have all the electrical, plumbing, and structural repairs made to ensure the house is up to code before putting it on the market.
Once you clean out the home, it will most likely need to have additional cosmetic fixes and updated. These renovations can quickly drive up your costs without ensuring any sort of return on investment.
At the end of the day when trying to fix up a hoarder house to sell, you will most likely have spent an extraordinary amount of money without getting all that much return for your efforts.
You will then typically need to hire a real estate agent, who could charge you a big commission fee to help sell the home.
In addition to any monetary cost, the amount of time you put in needs to be accounted for. Fixing up a hoarder house to sell on the real estate market can take months, or even years. You have to determine if that will be a worthwhile use of your time and money.
How to Sell a Hoarder House Fast
Fixing up a hoarder house can be very difficult, as seen through the steps above. There is another option you have.
One of your best alternatives is to sell your hoarder house as-is.
What does it mean to sell the house as-is?
It means that a real estate investor will buy your hoarder house without you needing to make any changes, clean up, or renovations. They will simply hand you a check and you can walk away from the home forever with a renewed peace of mind.
Cash offers on hoarder houses are the preferred method of selling the house. Many times, a cash home buyer will do a quick walkthrough of the home, get some details, make you a cash offer, and voila!
The hoarder house is no longer your problem.
This is one of the most efficient ways to sell your hoarder house fast.
How to Find a Cash Buyer for Your Hoarder House
You want to make sure that you find a trustworthy cash home buyer to purchase the hoarder house. You do not want to lose out on valuable money in a less than honest deal.
But how can you sort out the fair and honest investors and those who are not?
A critical step is to research some customer testimonials on different cash buyer companies. These are usually the best indicator that you are working with someone who has legitimate experience in buying hoarder homes.
You also want to make sure their financials are legitimate. Research the bank they are using. It is within your right to ask for a credit check to make sure they are who they really say they are.
Once your find the right cash buyer, you are ready to sell your hoarder house as-is.
Contact Us to Sell Your Hoarder House for Cash Today
Owning or inheriting a hoarder house can be extremely stressful. It can quickly become a financial burden that drags you into debt. But fear not, because it does not have to be.
Selling your hoarder house as-is for cash is one of the best options you have when looking to sell fast and with minimal effort and cost on your part.