When someone sells a home as-is, it means that they are selling it in its current state. This is a tempting option for those who, in order to sell their home to a regular buyer, would have to fork out a hefty sum for repairs and renovations. Furthermore, selling as-is may allow the seller to quickly move on from an unwanted property. If you are interested in selling your home as-is, here are a few things that you might want to consider.
Be Ready to Disclose
To sell a home as-is, you must be prepared to disclose everything to the buyer. Lying about the condition of your home or even keeping essential information from the buyer can potentially land you in hot legal water. If you are worried that your home may be in too bad of condition to ever find an interested buyer, don’t fret. There are actually a lot of private investors who are accustomed to purchasing homes that need a lot of TLC.
Work with a Home Buying Company
If you are looking to sell your home as-is, working with a home buying company may be a great option for you. Home buying companies are businesses that pay cash for homes. As part of their cash offer, they will assess the value of your home and its potential cost of repairs. All you have to do is either accept or reject their offer. The process is fast and they can usually hand you your money within a couple of weeks.
Sell for Cash-Only
When you request cash for your property, you tend to filter out any buyers who would demand repairs. This is because repairs take time, and cash buyers tend to look for quick investment opportunities, not a drawn-out buying process. Therefore, if you plan to sell your home as-is, it is a good idea to also sell for cash. Selling for cash will attract buyers who won’t be as concerned about the condition of the home.
Since the average person is not interested in purchasing a home as-is, it can feel like a challenge finding a buyer who won’t expect you to renovate your home before closing the deal. Nevertheless, there are still options when it comes to selling a property as-is. Research investors and home buying companies in your area, as they are often more than willing to offer you a deal for your home, even in the condition it is in now.
Looking to sell your home as-is? Click here to learn more about SOS Home Offers, a home buying company willing to buy properties in any condition!