It’s time to move out of your long-loved home, maybe because you’ve outgrown it or for work reasons. While you have heard many real estate agents say you must refinish, repair, or repaint the home before selling, it may not always be necessary.
Sometimes, the wise move is to sell the house as it is. On the one hand, a house sold as is may result in lower prices, fewer buyers, and an extended selling period for its seller. On the other hand, it’s likely one of the most effective ways of letting go of one’s property quicker and less expensive.
If you’re wondering why, below are some key benefits of selling a house as is.
Benefit #1: Saves Time, Energy, and Stress
Selling a house as is means you’ll not make repairs or repaint. Therefore, home sellers save time and energy they would have otherwise spent painting the walls, repairing the repairable, power washing, and replacing some equipment.
Performing the above tasks will cost you plenty of time, energy, and sometimes stress. It is especially true if you balance them with your usual work duties. Homeowners using the ‘as is’ selling condition on their homes can expect more time to focus on other issues. They can also expect more energy to meet potential buyers, and less stress from negotiations.
Benefit #2: Saves Money
Perhaps, the main reason homeowners go for the ‘as is’ selling condition for their homes is to save on selling costs. For instance, if you undertake general repairs on your home, it can be more demanding as you’ll need to purchase all the repairing materials and cater to the services.
On the other hand, selling a house ‘as is’ leaves the burden of repairs on the potential buyer, saving the seller plenty of money. If you work with a real estate agent on selling a house privately, you may achieve additional savings.
Benefit #3: Attracts More Genuine Buyers and Investors
Real estate agents have termed ‘as is’ house buyers and investors the most genuine in house selling history. Agreeing to purchase a house in the ‘as is’ condition means the buyers are willing to undertake any underlying repairs, repaints, and refinishing by themselves.
Furthermore, these buyers often offer to pay for the house instantly and in cash, shortening the selling process. Some buyers might still accept the deal even when the house is in poor condition because they see a better investment ahead.
Benefit #4: Simplifies the Selling Process
The simplest way to sell a house in real estate is as-is. While other selling methods require homeowners to undertake major repairs on the home, which can be time- and money-consuming.
Selling a home ‘as is’ minimizes the hassle of overseeing or performing repairs, scheduling repainting, and other renovations. Selling a house ‘as is’ is easy because it attracts quick, straightforward negotiations with potential buyers and investors.
Benefit #5: It’s More Convenient
‘As is’ home sellers can expect maximum convenience. Besides acquiring more time to focus on their upcoming move and next home, the seller is relieved of extended negotiations, renovations, listing, and staging. The process is even more convenient as most buyers prefer paying for the property with instant cash rather than in installments. It is seen with other selling methods.
How to Sell a House As Is
While selling a house ‘as is’ is attractive and convenient, the process can be challenging, especially for first-time home sellers who don’t know much about it. However, they can ensure a quicker and more profitable sale with the following tips:
1. Make use of various real estate platforms
There are plenty of real estate platforms that can simplify the process of selling a house ‘as is.’ These platforms link sellers with several potential buyers at an affordable fee and might even provide a real estate agent to accelerate the process. Sometimes, sellers can find readily available cash offers on such platforms, making the selling process friendlier.
2. Hire a real estate agent
A real estate agent can be the gateway to quicker and more profitable sales for homeowners who want to sell their property in ‘as is’ condition. The real estate agent often lists your home on different websites, attracting many potential buyers. Having lasted longer in the field, they can negotiate a desirable price for the house on your behalf.
3. Disclose the current condition
If you have chosen to sell a house as is, homeowners should be willing to disclose all the details surrounding the property, including the displeasing ones. Please clarify all the underlying issues, such as pending repairs and replacements, for the potential buyer(s) so they may make more informed decisions. Buyers may turn down a deal bitterly if they suddenly discover some issues they barely acknowledged before.
4. Price right
Another tip for selling a house ‘as is’ is pricing. Since the homeowner doesn’t undertake any repairs and replacements in the house, they should set reasonable prices considering the potential buyer will bear the cost. Other factors to consider when determining the price of selling a home ‘as is’ include age and prevailing market conditions.
Hopefully, you’ve grasped several reasons to adopt the method as your next move in selling your house, alongside various tips to emerge victorious. Don’t forget to make it professional!
