x

The Best Ways to Sell a Home As Is. Options for Selling, Pros & Cons

Introduction:

Are you attempting to choose the best way to sell your home? With so many options for how to sell your property, it can be difficult to know where to start when you first start the process. The options are endless, ranging from paying a realtor, doing repairs, and attempting to negotiate a fair price to selling your home as is.

Selling your home “as is” suggests that you are putting it up for sale just as it is, with all its flaws and without making repairs. The buyer is aware that you won’t make repairs or attempt to work out a repair credit with them

Homes listed as “as is” are less expensive than comparable properties. Also you won’t be spending extra funds on renovations.

Summary:

  • Understanding Your Options
  • Pros of Selling a House As Is
  • Cons of Selling a House As Is

Understanding Your Options

The options for selling a house are unlimited. Yet, the ultimate priority has to be put in front of the buyers eyes.

Remember that there are people out there that are always on the look for an “as is’ ‘ option. A lot of people actually prefer buying a distressed house, and making a great business out of it. For instance, you are living out of state, and you want to sell your old house. Or, you are ready to move on quickly after living in the same house for many years. You can always find an investor who would be happy to take your house off your hands and pay you cash for it – as is.

The only goal is, remember, to get the word out. You can do it by yourself, over social media, or through a local realtor, or local newspapers. There are a lot of companies that will find a buyer for you or that are constantly on the look for a good deal for their own clients. The options are unlimited, and the turnover can be quick and successful.

There are three main ways to sell your home as is:

  • Listing on the open market
  • Networking with investors or flippers
  • Contacting cash home buyers

Pros Of Selling A House As Is

No Repairs Needed

You don’t need to perform any home renovations if you’re selling a house as-is. Depending on the state of your house, substantial repairs could cost you more than $10,000. Not everyone has access to those resources. People who have the resources might not want to spend the time or money doing that. You can simply avoid these issues when you sell a house “as-is.”

How a Cash Buyer Can Help Sell your House

Many sellers turn to cash buyers after realizing all that’s required in selling a house. There are many benefits of using a cash home buyer when selling your house. The most obvious benefit is that you will receive cash for your house. This can be helpful if you need to move quickly or if you are behind on payments and need to catch up. Another benefit is that you will not have to go through the hassle of showings and open houses. This can be a time-consuming process, especially if you have already moved out of your house. Finally, cash home buyers typically do not require repairs or renovations before they purchase your house. This means that you can sell your house as-is, which can save you time and money

Cash home buyers like Fair Property Buyers buy homes directly from sellers, which saves time. This option can be a good choice if you need to sell your home quickly.  Although the amount of time it takes to sell your home on your own may vary, working with a cash buyer is a fast process. You can close and have cash in hand from Fair Property Buyers in as little as 3 days, depending on the situation. This allows you to move on from your old house and start fresh without having to wait for months or even years to find a qualified buyer. If you are looking for a fast and easy way to sell your house, then selling to a cash home buyer may be the best option for you.

Simpler Process

An “as-is” property is more likely to get an all-cash offer. With these deals, you can shorten the closing process by avoiding the mortgage approval procedure.

After accepting an offer, you’ll also have less to bargain over. Oftentimes you can avoid inspections and move right to a quick close, especially if you are working with a cash buyer like Fair Property Buyers.  Making it clear from the start that your house is being sold “as is” may ease tension during the negotiation process.

Fewer Costs

You can save closing expenses and ownership costs by selling the property as-is. Property taxes, home maintenance, and other costs will no longer be your responsibility. Avoiding expensive renovations is another benefit of selling without repairs. Some homeowners take on debt to renovate their properties before selling, but selling your house as it will help you avoid the stress of taking on debt.

Cons Of Selling A House As Is

Buyer Attitudes

There may be problems with a house if it is being offered “as is.” This isn’t always the case, though; sometimes, you will opt to offer an item “as is” simply because it’s more practical. But a buyer won’t know that; they’ll just believe there’s a problem with the house since, otherwise, why sell it “as-is”?

It’s important to be aware that your home might not be as enticing to some buyers if you decide to sell it as-is. Additionally, it can reduce the number of potential buyers, which would reduce your chances of receiving an offer.

Low Price

A house that requires repairs typically won’t sell for market value. To cover the cost of the required repairs, you will need to lower your asking price. In most cases, you will be able to sell your home sooner, but it will be at a lower price. Some home sellers are happy to leave their old residences behind. Others don’t like the thought of paying less, so they spend thousands on renovations before putting the house on the market.

Less Available Buyers

Not all buyers want to fix up a home once they buy it. Some people prefer a property that is ready to move into, but that may not be what yours offers. Asking for a cash offer can limit your opportunity for potential buyers. Because there is less competition, cash purchasers have more leverage so you will need to cut your price while still making sure you get a reasonable value

Finding the Best Price

Finding the ideal selling price for a house can be challenging, but with an as-is sale it might be even more challenging. It will be hard to find buyers if you sell your property too high, and the opposite may be true if you list your property too low.

How a Cash Buyer Can Help Sell your House

There are many benefits of using a cash home buyer when selling your house. The most obvious in this situation is that you want to sell your house “as is.” This can be helpful if you need to move quickly or if you are behind on payments and need to catch up. Another benefit is that you will not have to go through the hassle of showings and open houses which can be time-consuming. Finally, cash home buyers typically do not require repairs or renovations before they purchase your house. This means that you can sell your house as-is, which can save you time and money.

Fair Property Buyers buy homes directly from sellers, which saves time and effort. This can be a good choice if you need to sell your home quickly.  Although the amount of time it takes to sell your home on your own may vary, working with a cash buyer is a fast process. You can close and have cash in hand from Fair Property Buyers in as little as 3 days, depending on the situation. This allows you to move on from your old house and start fresh without having to wait for months or even years to find a qualified buyer. If you are looking for a fast and easy way to sell your house, then selling to a cash home buyer may be the best option for you.

Greg Bilbro

Greg Bilbro

Greg Bilbro is the CEO and co-founder of GeoFlip. After a decade of successfully flipping hundreds of distressed residential properties himself, Bilbro founded GeoFlip. His single focus is to deliver in-bound leads and build 7-figure results for REI's nationwide. His history of 20+ years as principal buyer, 10+ years generating leads and 2,600 Conversion Coaching hours makes him an authority in the lead gen space. Prior to entering the real estate space, Bilbro was a Series 7 and 63 securities and registered investment advisor with New York Life and NYLife Securities. Soon after being named “Rookie of the Year”, he was promoted to become the youngest Partner nationwide at New York Life at just 25 years old. Bilbro is a native of Texas and holds a Bachelor of Science degree in Biochemistry from the University of New Mexico. He currently hangs his hat in Scottsdale, Arizona with his sidekick Frenchie, “Bity.”