So, you’re planning to sell your home, and you’d just love to move out and move on! But the house has issues – a leaky roof, a broken window, or a leaking faucet. And you aren’t sure if the repairs are worth the money and time. There’s a solution: sell your home as is!
What Does It Mean to Sell Your House As Is?
Selling your home as is means the buyer will get the house in its exact condition without any repairs or renovations made by the seller. For example, most home-selling transactions involve some back-and-forth bargaining; the buyer may request you to make repairs or lower your selling price if the inspector identifies an issue. However, a home with an “as is” distinction means that you aren’t going to address any repairs.
What are the Pros and Cons of Selling Your Home As Is?
Selling a house as is comes with potential upsides and drawbacks.
- Faster Closing: Instead of waiting for repairs to be done, you can list your home for sale as soon as you want. And assuming the buyer has the funds to make the purchase, you can speed up the closing faster than a lender-financed transaction since there will be no closing documentation required by the lender.
- Fewer Costs to Sell Your Home: Upgrades to make a property look perfect can be costly. According to the Cost vs. Value report, renovating your entire home can cost over $150,000. Selling a house as is means less pressure on your bank account.
- Lower Selling Price: An as is listing could attract bargain-hungry investors or buyers looking for a serious deal.
- Fewer Interested Buyers: When selling your house as is, you may not attract a larger pool of buyers. That’s because an as is listing has been typically designated as a red flag that indicates there could be potential issues with the house.
Tips for Selling Your Home As Is
If you’re considering selling your house as is, follow these three tips for a smooth and successful sale:
Seek Professional Help
A real estate agent is indispensable, especially when selling your home as is. For starters, they’ll help you set the price correctly and they’ll know how to find qualified buyers and market your home’s positive features.
Be Upfront with Your Property’s Disclosures
Selling your home as is doesn’t mean creating a booby trap for the next homeowner. You’ll have to disclose issues with your home before making a deal.
Make Your Home as Clean as Possible
You may not invest in repairs, but you should still maintain a tidy home. Keep the surfaces clean, put dishes away, make the beds, and declutter and depersonalize as much as possible. Also, keep the yard mowed and ready for viewings!
Need Help Selling Your Home As Is?
Whether you’ve already made up your mind or are simply considering selling your home as is, your first step is to speak to a skilled real estate agent. Our team of real estate experts is here to help! Call us today and let us help you sell your home as is for the best price possible.