Employ a real estate agent to sell your home, and they will probably suggest you conduct a few repairs, perhaps even a makeover. They insist this guarantees the home sells faster and fetches a higher price.
That is a fair point, but what if you don’t have the cash or time to make the repairs? Can you sell the home in its current condition? As it turns out, you can, so keep reading to learn more.
What Does “Sell House As-Is” Mean?
When you decide to sell house as-is, you will not conduct repairs or improvements on the property before or after the purchase. Instead, you will hand over the home to the buyer in the same condition as they saw it.
Pros of Selling a House As-Is
Here are ways you can benefit if you sell house as-is:
- No need for repairs: Leave the hassle of repairs and home improvements to the new homeowners.
- Saves time: Major repairs and renovations can take up to one year. Selling the house as-is sidesteps this long process.
- Quick sale: Listing your house as-is means you don’t have to wait to complete the repairs, and it attracts the sort of buyers who deal in fast transactions, such as home flippers.
- Attracts a bigger pool of buyers: If the home is in a poor state, it’s cheaper. That attracts all buyers, including those who want to tear it down. Renovating makes it too expensive for such buyers.
- Save money: You won’t have to worry about stumping up the cash for repairs or inspections.
How to Sell House As-Is
The process of selling a house as-is is similar to that of selling a regular home, except you need not worry about home staging:
1. Hire a sell house as-is real estate specialist
You may sell the house without a real estate agent, but it’s worth it to involve one, primarily if they specialize in selling homes as-is. In addition, real estate agents will assist you in establishing fair pricing using comparative market analysis (CMA).
They also have a pool of potential buyers and know the market way better than you, which may result in a faster sale and fetch a better price.
2. Full disclosures
When selling your home as-is, local, state, and federal laws require you to disclose the house’s condition. You need to tell the potential buyer if anything isn’t working correctly.
Regulations regarding disclosures vary. For instance, the law will require you to provide a disclosure report to potential buyers in some states. In New York, however, you can opt to pay the buyer $500 to avoid providing the disclosure form.
3. Conduct a pre-listing inspection
When selling a home as-is, a pre-listing inspection is crucial as it provides valuable insight into the property’s condition.
You may get more unconditional offers if you lay out your terms upfront. Potential buyers will know all the issues with your home and can base their offer on that information.
4. Make it presentable
Even if you can’t afford to make significant improvements and repairs when you sell your house, at least keep it organized. Declutter, depersonalize, improve the curb appeal, and throw away items that might put off prospective buyers.
Sell Your Home As-Is With Next Level Home Buyers
For a hassle-free way to sell your home in its current state, look no further than Next Level Home Buyers. Sell your house to us as is, with no repairs necessary.
After inspecting the property, we will make a fair offer and give you the cash within seven days should you accept the offer. Contact us or call us at 860-368-0343 if you need to sell your house as is.
WE BUY HOUSES IN ANY SITUATION:
Behind on Payments
- Death of a loved one
- Liquidating assets
- Inherited property
- Job loss
- Bad mortgage
- Medical Bills
- Extensive repairs