How To Sell A Distressed Property in Spokane

For those who need to know how to sell a distressed property in Spokane, we’ll cover the options you have available. Traditional listings for this type of property are not suggested as they don’t attract most buyers, take far too long, and are too costly for most owners of a distressed property. Life can bring unexpected changes that leave you searching for solutions. Homes can fall into states of disrepair that are far beyond the owner’s capacity to handle. There could have been a death, divorce, illness, or job loss, leading to lost income or a forced relocation at play. Let’s dive into some of the options to sell a distressed property in Spokane Professional Buyers There are always two sides to everything and this holds true when considering how to sell a distressed property in Spokane. Let’s explore using the service of a professional cash buyer when you’re selling. Due to the nature of cash sales, you’ll benefit time-wise because of the ability to perform extremely quick closings. Additionally, the sale is as-is and there won’t be any downtime waiting for the right buyer. Nor will you be required to make the investment of your precious time and money in repairs. Another advantage is you’re not carrying any legal risk, as with selling on your own and since most professional buyers pay all of the closing costs, you’ll save even more. Now, because the professional buyer is taking all of the risks, and offering the advantages of cash sales, their offers are below the prices being realized in the current real estate market. A word to the wise, do your research on who you’re dealing with. Regrettably, there are unscrupulous buyers who may try to take advantage of time or financial constraints they learn you’re up against.  Do-It-Yourself Selling a distressed property in Spokane on your own may sound appealing because you’re in charge. Additionally, you won’t be responsible for an agent or auctioneer fees, which can negatively impact your bottom line on the sale. If you’re knowledgeable on marketing and all of the legalities involved, while you may need to invest a great deal of time, you can save money by handling everything yourself. Conversely, inexperienced in marketing and the legal details, selling on their own often leads owners to failure. Not only don’t they realize the highest profit on their property through their errors, but they could also end up in a legal nightmare with no way out. Professional Auctioneers Property auctions rarely imitate art, where fantastic prices are realized in movies and on television. Avoiding the headaches of showing your property is one of the favorable aspects of auctions. Additionally, these properties close within 30 to 40 days and sell as-is, so you won’t need to continue to pour time and money into repairs and upkeep of your distressed property in Spokane. While there are advantages to using a professional auctioneer, keep in mind the usual fee for their service is a rather high 10 percent of the final purchase price. Should the bidder be responsible for the auctioneer’s fee, lower bids overall are incentivized. Otherwise, you’ll be responsible for their fee, absorbing additional costs. Due to the nature of auctions, the outcome isn’t guaranteed, you may be up against the issue of low attendance. There is also the innate competition when a high volume of properties is up for auction at the same time, leading to lower bids. No matter which you choose, make educated decisions by taking the time to understand all of your options. Would you like to learn more about how we can help you sell a distressed property in Spokane? Just call today at 509 795-0254 or send us a message any time!ChatGPT

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If you find yourself needing to sell a distressed property in Spokane, you have various options to consider. Traditional listings are often not recommended for distressed properties, as they take too long, are costly, and may not attract many buyers.

Life’s unexpected changes, such as death, divorce, illness, or job loss, can leave a property in disrepair beyond the owner’s capacity to handle. Now, let’s explore the available options for selling a distressed property in Spokane.

Professional Buyers

One option is to engage professional cash buyers. Opting for a professional buyer comes with the advantage of quick closings due to the nature of cash transactions. The property is sold as-is, eliminating the need for repairs and minimizing downtime. Moreover, professional buyers typically cover closing costs, saving you even more. However, be cautious and thoroughly research the buyer to avoid unscrupulous individuals taking advantage of your situation.


Selling the distressed property on your own may seem appealing, as you retain control and avoid agent or auctioneer fees. If you’re knowledgeable about marketing and legalities, handling the process independently can save you money. However, without expertise, owners may encounter difficulties and might miss out on potential profits. There’s also a risk of legal complications.

Professional Auctioneers

Consider professional auctioneers for a hassle-free sale. Property auctions offer the advantage of a quick sale (typically within 30 to 40 days) without the need for ongoing repairs. However, keep in mind that auctioneer fees are usually high, often at 10 percent of the final purchase price. If the bidder is responsible for the fee, it may result in lower bids. Auction outcomes are not guaranteed, and factors such as low attendance or high property volume can impact results.

Regardless of your choice, ensure you make informed decisions by understanding all your options. If you want more information on how can assist you in selling a distressed property in Spokane, feel free to call us at 509 795-0254 or send us a message anytime.

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