How do I sell my home as-is? Who buys homes as-is? If these questions are on your mind, we’ve got the answers for you. Selling a house as-is can be an excellent option if you’re searching for a way to get out of your home more quickly and with less stress than the traditional selling process. If expensive repairs and upgrades are out of the question, selling your home as-is could be the best choice for you.
Check out our guide below to learn more about why you should consider selling a house as-is and a few steps you can follow to have a successful sale.
Why Sell Your Home As-Is?
So, why would you sell your house as-is? Homeowners might choose this path rather than sticking with the traditional selling process for several reasons — selling an as-is house means the buyer agrees to accept your home in its current condition. You won’t need to make any complicated or costly repairs or upgrades to increase its value.
Essentially, what the buyer sees is what they will get when they purchase the home. Many buyers may choose the as-is route if they’re looking for a lower sale price or an excellent fixer-upper opportunity.
Here are a few reasons you should consider selling your home as-is.
Feel Less Stressed
If you’ve gone through the traditional selling process, you probably know it can be stressful and drawn-out at times. Choosing to sell your home as-is can be an excellent way to beat the stress and enjoy a more hassle-free process. You can often skip inspections that might cause buyers to ask for repairs and improvements before they decide to buy.
You could also avoid the listing and showing process. You won’t need to keep your home clean and tidy for endless open houses. If this sounds like a more hands-off and relaxing process to you, selling your home as-is could be a perfect choice.
Enjoy a Quick Sale
Do you need to sell your home right away? Selling your home in its current condition is one of the quickest ways to sell your house and skip the long, drawn-out traditional sales process. Your home could likely spend weeks or months on the market waiting to sell, meaning you may need to delay your move until you sell your house. You might need to sell your home as soon as possible, such as having to relocate quickly for work, financial or health reasons. Whatever your reason is, selling as-is is the go-to option if you need your house sold fast.
You won’t need to wait weeks or sometimes months to finish repairs or upgrades, so you can immediately begin selling your home to potential buyers. If you opt for this selling process, you might attract buyers who want to purchase your home with cash. If you sell your house as-is for cash, you can speed up most of the closing process, saving you more time.
Spend Less on Repairs
If you need to sell a home that needs extensive repairs, there are options for you to have a successful sale. Perhaps one of the best reasons for choosing to sell your house in its current condition is spending less on repairs. Buyers will likely understand that purchasing as-is means specific aspects might need a little TLC or a few upgrades here and there. You can then save time and money on avoiding expensive repairs and upgrades to increase your home’s value.
You can instead choose to focus on more minor, less expensive upgrades to improve the house’s aesthetic or look. And if repairs are entirely out of the question, you can opt not to complete any improvements to save yourself the hassle due to time or financial restraints.
Get out of a Tough Financial Situation
Selling your home as-is could also be an excellent option if you need to get out of a challenging financial situation. Sometimes, finances can plummet, and you may be in a new financial crisis that means you can no longer afford your mortgage or utility bills.
If you’re struggling to make your mortgage payments on time or at all, you may want to consider selling your home as-is so you can move out and make a sale as quickly as possible. Opting for this process can help you save time and money in the long run so you can avoid foreclosure and move to a new home that better suits your budget.
How to Sell Your Home As-Is
If you’ve decided to sell your home as-is, we can help with the next steps. You can follow a few steps to ensure you have a successful sale and get the best price.
Here are our top tips for selling your home as-is.
1. Set a Fair Price
One of the first steps to successfully sell your home in its current condition is to understand that selling as-is can affect the final sales price. If your home needs repairs and you choose not to complete them, you might make less on the transaction. This impact could mean you may want to consider whether selling as-is is the best option for you. Of course, this loss can vary depending on the nature of the repairs and your local real estate market or neighborhood.
However, a good rule of thumb to remember is that you don’t need to lower your home’s price by the exact dollar amount the repairs will cost. If you’ve already listed your home lower than your neighborhood’s average value, buyers shouldn’t request an additional discount off the price due to a repair. Fewer negotiations mean you can essentially aim to keep the listed selling price you’ve set, regardless of any extensive maintenance your house may need.
2. Opt for Smaller Improvements
If you’re aiming to get the highest selling price possible, you can opt for more minor improvements and upgrades to increase your home’s value. If you cannot make significant repairs or upgrades, focusing on the little things can help improve the house’s overall appearance and help you attract more potential buyers.
Some smaller improvements you can make are painting the walls, tidying the house, decluttering cramped areas or improving the landscaping, such as laying grass, removing weeds or planting flowers. You could also have your carpets professionally cleaned or enhance the lighting by adding fixtures or replacing lightbulbs.
These minor improvements are less expensive and time-consuming than taking on larger projects and could be something you knock out over the weekend. If your time and budget allow, it’s always an excellent idea to finish some lesser upgrades to add a little value to your home.
3. Don’t Forget to Disclose
Disclosing all the information about your house — damages and all — is essential, especially if you have decided to sell as-is because you don’t want to make repairs. Choosing not to reveal any damages could cause you to run into some trouble if potential buyers discover them later during the selling process. You’ll want to avoid this scenario at all costs.
One of the best ways to put everything out into the open is to complete a pre-inspection of your home and property and acknowledge everything found on the report. Disclosing an inspection may mean you need to lower the home’s selling price. Still, you likely won’t need to negotiate the price further because you already listed the current problems for buyers to be aware of.
If you are honest about the home’s condition, you can attract appropriate buyers who already know the house will likely need some TLC. Consider marketing your home as an excellent investment opportunity for those seeking a fixer-upper.
4. Only Tackle the Highest-Priority Items
If you’re in the position to complete a few projects or improvements, aim to handle the highest-priority items, tasks potential buyers will care most about or any potential safety issues. Most buyers understand that homes need a few minor improvements here and there, which means you should aim to deal with your most extensive repairs or upgrades if your time and budget allow, helping keep buyers happy and interested in your home.
You will want to focus on updates that are most likely to cause a sale to fall through, such as mold, leaks or foundation and roof damages. By concentrating on these significant projects, you can address the issues people care about most, helping you attract more potential buyers and adding more value to your home. Tackling more extensive repairs could let you set a higher selling price for your home, too.
5. Speak to a Real Estate Agent
You can take several routes when selling your home as-is, including deciding to work with an experienced real estate agent. It’s best to search for an agent with experience selling as-is homes, so they can help you market your home and help you get the best possible price. They can also advise you about all your options and help you determine whether selling as-is would be the best choice in your situation.
Real estate agents will also understand your local real estate market and the prices homes are selling for in your neighborhood. They can determine the best way to market your home to attract potential buyers and set a fair sales price compared to other homes in your area. However, this option could take a bit longer, since you’ll need to list your house and wait for buyers to view and decide to purchase it.
If you are looking for a guided and more involved selling process, choosing to sell with a real estate agent could be the perfect choice for you.
6. Search for Buyers Wanting to Pay Cash
Another option for successfully selling your home in its current condition is to search for buyers wanting to purchase a home with cash off-market. Marketing your home to cash buyers is an excellent option if you wish to take on selling a house as-is by owner. These buyers could be house flippers, investors or those searching for a new home improvement project who want to buy a home quickly. By choosing to sell your home for cash, you can ask for a fair price for your home and connect with cash buyers who are specifically searching for as-is homes that need repairs or improvements.
Choosing to sell your home to a buyer who pays in cash can also save you more time in the long run. Cash can speed up the closing process and take weeks or even months off the entire selling process. If you’re searching for a quick way to sell your home to buyers explicitly searching for a fixer-upper opportunity, marketing your home to cash buyers could be an excellent choice for you.
7. Connect With an Experienced Homebuying Company
Are you searching for a quick, hassle-free way to sell your home as-is? Connecting with an experienced home buying company is the go-to choice. Instead of marketing your home and searching for legitimate cash buyers, you can choose to connect with a professional company that purchases homes as-is.
By choosing to connect with a homebuying company, you can skip listing and marketing your home and enjoy a quick sales process. You will also receive a fair price for your home’s current condition, so you won’t need to make any repairs or fixes. Many homebuying companies also purchase homes with cash, meaning you could receive an offer in as little as one day and close the sale in less than a week.
If you’re searching for the best way to sell your home fast without making any repairs or improvements, connecting with a homebuying company could be the perfect option for selling your house as-is.
Sell Your Home As-Is With HomeGo
HomeGo is your No. 1 choice for an as-is home sale. When you choose HomeGo, you say goodbye to expensive inspections and repairs, endless listings, showings and a long wait. We can give you an immediate offer for your home, and you can close the sale in as little as seven days.
Get in touch with us and learn more about our process to start your selling journey today.