To sell a home ‘as is’ means buyer beware; you may have only limited knowledge about the house before you buy it. Often, this would be what’s called a fixer-upper, or possibly a short sale house, and is usually reflected in a lower price. Fewer interested buyers may slow the process, but there are also advantages.
Most sellers considering selling a house as is, know they’re not going to get top dollar, just as most buyers realize they aren’t getting a house that’s ‘move in ready’. When home sellers decide to sell a house as-is, usually there are outside reasons or some type of financial distress that forces a person to sell a house below market value.
There are many reasons for selling a house as a fixer-upper. You may be worried about major repairs coming out in the home inspection report, and can’t afford repair costs. Perhaps you need to sell fast due to an impending foreclosure, or a job offer in another state, and there’s no time to make necessary repairs. Or maybe you’re tired of landlording and don’t want to pay too much in capital gains tax on a rental property.
Selling as is in a traditional sale means finding a good real estate agent. It really doesn’t pay to skip the real estate agent, as home sellers are still responsible for the buyer’s agent fees. So, you might as well utilize their services and try to get a better price for your home, as is. Real estate agents and their commissions end up costing sellers around 6% of the purchase price, which is split between the two agents.
Selling your home as is doesn’t mean you don’t have to disclose known issues and repairs to prospective buyers. You are still required by law to provide full disclosure – to the best of your knowledge – on any existing problems, even when selling as is.
In addition, potential buyers can still stipulate an inspection contingency, in any offer they make on an as-is home sale. This is so that if, in this case, a buyer-requested home inspection reveals problems they weren’t prepared for, or don’t want to deal with, they can cancel before the final sale. At that point, any money they’ve put in escrow for their down payment would be returned.
When selling as-is on the open real estate market, many buyers may be real estate investors. These people typically either flip houses for a living or purchase fixer-uppers as rentals. Particularly in a seller’s market, most buyers are always looking for additional resources for less expensive home sales. Selling as-is for a fair price will attract buyers of all kinds.
There are other tips for when you decide to sell as-is, as well as with any home sale. Your real estate agent should be able to help you with ideas for improving curb appeal. A fresh coat of paint always makes a huge difference, especially when you’re going to sell as-is. In cold weather, a house with a fireplace should have it going during an open house, etc. Accentuate your home’s floor plan as you or your agent shows the house.
The number one piece of advice if you’re considering an as-is sale, is to also consider cash buyers as a viable option. This is because they nearly always buy houses in as-is condition, and though there are many to choose from, Sell Your House Fast – Kansas City is the one to remember. We’re a reputable business that cares about our clients, and we believe in complete transparency and full disclosure.
Here are some of the fantastic reasons people use Sell My House Fast – Kansas City:
To receive a no-obligation cash offer on your ‘as is’ home, start by filling out the short form right here on the homepage of this website. A cash buyer will be in touch shortly to schedule an appointment to visit the property in person. At that time, the cash buyer will be prepared to answer any questions you may have, and will make you a cash offer on the spot! If you decide you need more money and want to hold out for a higher price, there is never any obligation to accept the offer.
Sell Your House Fast – Kansas City was built on integrity and reliability, and you can find all the details on our house buying right here within the pages of this website. We understand that life doesn’t always work out the way we planned, and things happen unexpectedly to change what we thought would be our future.
At Sell Your House Fast – Kansas City, we work to find a solution that benefits all parties involved. We’re fair, and we offer a free, no-obligation cash offer. So what have you got to lose? Contact us today!
