If you found this page, you are most likely interested in selling your house. Maybe you have not heard the phrase “as-is” before, or maybe you are looking to sell without having to do any repairs or upgrades to your property. At Evolve House Buyers, we are here to answer your questions and provide some insight and clarity on what it means to sell your house “as-is” and if it is the right option for you.
What does “as-is” mean?
Good question! When it comes to the phrase “as-is”, it is a very specific term used for real estate, especially in the niche world of real estate investing. Often times, when an investor wants to purchase a property, they will offer to a seller an “as-is” offer. What this means is that the buyer is willing to purchase the property for its current condition, without any requests for repairs or upgrades. Because of this, the “as-is” offer is reflected in the price of what a buyer is willing to purchase for your home. So when you are selling “as-is”, you are declaring that the price of the property is in its current state, no repairs, upgrades etc will be done.
Pros and Cons of Selling “As-Is”
There are many benefits to selling a property “as-is”. For starters, you are not required to do any repairs, maintenance, upgrades etc to the property. Often times, this means more no nonsense offers where buyers who are willing to buy are more serious. Depending on how you are selling the house, you can save time and money when going this route. Another benefit is if your house does need a lot of repairs, “as-is” sales eliminate the dreaded home inspector picking apart your property.
Selling “as-is” has a negative connotation when selling a home through a traditional method such as with a Realtor on the MLS. Buyers are often weary of “as-is” sales because they have the belief that there is some underlying issue with the property because you are selling “as-is”.
Is Selling “As-Is” Right For You?
When it comes to selling your property, you have multiple options to choose from. You can selling your property For Sale By Owner (FSBO), with a Realtor on the MLS, to an investor etc. When you make that decision, you have to decide what is right for your situation when it comes to selling your property “as-is”. If your home has a lot of potential repairs needed, selling your house “as-is” to an investor is probably the best choice. Or if you are not looking to deal with the hassle of repairs, contractors, inspections,etc. ; selling as is might be the right option for you as well. If your house is in perfect condition, likely you should not look to sell “as-is” because you can make more money the traditional way.
As you can see, there are a lot of variables when it comes to selling your property “as-is”. If you have more questions or want a no obligation offer, fill out the form below and see what we can do for you for your home.
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