Wouldn’t it be great if you could sell your home fast? Sell it as-is without any repairs?
Selling a home is a challenging task. Two things concern most people:
As a homeowner, your goal is to reduce the time it takes to sell the house, and sell the property for the best price possible. Going with a lower price results in a loss, and a high-price can hinder the sale. It would help if you found a balance. Set a fair price of your property, seek maximum exposure, and complete the transaction at favorable terms. The goal is to maximize “what you get to keep in your pocket.” Repairs, delays, commissions, and buyer’s requests; all cost you money. Subtract the expenses from the Comparable Sales Price so you can see the profit from the sale.
The traditional way is to start with listing on MLS. Then you repair the house, you update the look, arrange an open house event, and wait for the buyers to come in. That’s the sequence when you have time in your hands. You can list your home with an agent for 3-6 months.
However, you don’t always have the luxury to wait for months. Life can be tough at times. When facing bankruptcy, foreclosure, divorce or financial issues, you cannot wait for several months. It’s best to sell the home as-is and fast. It is never recommended to repair the house if you cannot afford that. Some people will push homeowners to tackle unaffordable repairs so that they can sell in the retail market and make a profit.
Selling a renovated house in the retail market can get you a higher price. However, there is no guarantee when your home will sell. Buyers might still request for repairs. Taking on another debt will reduce your credit score and can drop your overall gain from the sale. Furthermore, selling in the retail market requires that you do a complete makeover, take stunning photos of your home, focus on marketing, and arrange open house events. These steps cost both time and money.
An “as-is sale” is the ultimate time-saver. You don’t have to worry about repairs or cosmetic makeover. Considering that way, it is also a “money saver” because many remodeling projects have an ROI of less than 60% that includes major kitchen & both remodeling. Landscaping has the highest ROI.
You need to declare the fact that you’ll be selling your home as-is, in its current condition. As with any sale, you’ll also need to disclose the state of your property so that the buyer can make an informed decision. You don’t have to mention minor repairs, but you’ll need to guide the state of plumbing structure, electric wiring, and general state of your home.
To get the accurate sales price, you’ll need an estimate for repairs. Today’s buyers prefer fully updated houses, and they will have to spend time and money to make the home livable. The repair estimate will help you analyze the buyer cost, and if feasible, you can also choose to make the repairs yourself.
If you want to complete an as-is sale, you can contact a reputable house buying firm in your area. A legitimate cash buyer can buy your home as-is for a cash price.
Real estate solutions firms are designed to help sellers in tough situations. If you are short on time or would like to enjoy a convenient sale process, contact us. Our representative will get back to you in the next 24 hours.