Are you thinking about potentially selling a home that’s in need of serious upgrades at some point in the near future?
If so, you might want to consider doing some renovations to it prior to putting it up on the market. You can increase the value of a home and make it more attractive to buyers when you remodel a kitchen, finish off a basement, or put a new roof on it.
These things are all going to take time and cost money, though. It’s why some people end up asking themselves, “Can I sell my house as is instead?”
This is a great question to ask if don’t want to go through the hassle of renovating a home and/or making repairs to it prior to selling it. But before you make the decision to go in this direction, you should learn everything there is to know about selling a house as is.
Here is a guide for people who want to sell homes as is that should help you out along the way.
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What Does It Mean to Sell a Home As Is?
If you’ve reached the point where you’re asking yourself, “Can I sell my house as is?”, there is a good chance that you’re at least vaguely familiar with the concept of selling a home as is. But just in case there’s any confusion swirling around in your mind, let’s kick things off by clearly defining what it means to sell a house as is.
Under normal circumstances, most homeowners will tackle at least a few basic home improvement projects prior to listing their houses for sale. They’ll do things like:
- Spruce up the landscaping out front to give their curb appeal a boost
- Rip up old carpeting and replace it with new hardwood floors
- Paint the walls throughout a home nice neutral colors
Some homeowners will also go above and beyond doing these types of tasks and make major repairs to their houses as well. They’ll take on a kitchen remodel or replace a roof in the hopes of drumming up more interest in their houses when they hit the open market.
Those who decide, “I’m going to sell my house as is,” don’t do any of these things. Rather than spending a bunch of time and money fixing up their homes so that they can sell them, they figure out how to sell a house that needs major repairs as is.
Selling a house as is is the quickest and easiest way to do it in many cases, especially when you have a home that’s not in the best condition. It’s why it has turned into such a popular option over the years.
Who Should Consider Selling a Home As Is?
Selling a house as is isn’t something that’s going to be a great option for everyone out there. If your home is in fairly good shape and it doesn’t need many repairs right now, you might want to think about going the traditional route when selling it by getting in touch with a real estate agent.
But with that being said, there are lots of homeowners who should consider selling a home as is. It’s going to prove to be an excellent option if you fall into one of these categories:
- You need to sell a home within a matter of just weeks
- You can’t afford to spend a whole lot of money fixing up a house before selling it
- You’re facing foreclosure and want to sell a home fast
- You and your spouse are getting a divorce and interested in selling your home quickly
- You’re moving for work and need to sell your home prior to doing it
If you have the time and money to devote to fixing up a home before selling it, it’s not a terrible idea to do it. But if you can’t wait to part ways with a home and don’t have the energy to fix it up first, then it makes all the sense in the world to say, “I’m going to sell my house as is.”
What Are the Benefits of Selling a Home As Is?
If you’re on the fence about possibly selling a home as is versus selling it through the more traditional methods, it might help you to sit down and make a pros and cons list. When you do, you’re going to find that there are all kinds of benefits that you’re going to get to enjoy when selling a house as is.
Here are some of the top benefits that are going to come with selling a home as is:
- You won’t have to spend any time fixing your home up and getting it ready to sell
- You won’t have to put up money to make both minor and major repairs to your home before selling it
- You won’t have to stage your home and hold open houses for it while trying to sell it
- You’ll be able to start accepting cash offers from interested buyers in no time at all
- You’ll avoid all the stress and aggravation that often accompanies home improvement projects
- You’ll have cash deposited into your bank account in a hurry and get easy access to it
Bottom line: Selling a house as is as opposed to selling it through a real estate agent or listing it for sale online yourself is the most convenient way to go about selling a home. You’ll love how quick, easy, and painless the process is from start to finish.
Are There Any Drawbacks to Selling a Home As Is?
It’s easy to fall in love with the idea of selling a home as is after hearing about all the advantages associated with doing it. It’s clear that the convenience factor alone is enough to entice a lot of homeowners to sell their houses as is.
But it’s worth noting that there will be a few potential drawbacks that you’ll need to consider when you’re thinking about whether or not selling a home as is will work for you. Some of the possible downsides of selling a home as is are:
- There may be a smaller pool of buyers interested in purchasing your home as is
- You might fetch smaller offers from those who want to buy your home as is
- You could feel rushed while working your way through the process of selling a home as is
But even with these things in mind, it’s still smart to at least consider selling a house as is. The pros almost always outweigh the cons when it comes to collecting cash for a house that isn’t in the best condition.
How Can I Sell My House As Is?
If you’ve weighed your options and believe selling your house as is to be the right choice for you, there is a series of steps that you’re going to want to go through to make it possible. It’s very important for you to take the right steps so that you’re able to get the biggest and best offers for your home while selling it in a timely fashion.
These are the things that you’ll want to do when you decide, “I’m ready to sell my house as is”:
- Begin by thinking about having a home inspection done to see what problems exist with your house at the moment
- Create a listing for your home that includes all of its best features while also making note of the fact that it’s being sold as is
- Reach out to cash buyers in your area that could potentially be interested in making you a cash offer for your home
- Consider making minor cosmetic repairs that will improve your home’s general appearance, if possible
As long as you do most of these things, you should find that selling a house as is won’t be all that challenging. There are always companies that are looking for as is homes in their communities, which is why you shouldn’t have to wait more than a few days in most cases for interested buyers to begin banging down your door.
Who Should I Trust to Buy My Home As Is?
When you first start trying to sell a home as is, you might be surprised to see how much interest it gets. Even though your home probably isn’t in the best shape, there are still going to be plenty of people scrambling to make you an offer.
So, which ones should you trust to buy your home as is? That’s a tough question to answer since it depends on everything from where your home is located to how soon you need to sell it.
But generally speaking, there a few different types of buyers that you can rely on to give you a fair deal for your home. This will include:
- Buy-and-hold investors who purchase homes and transform them into rental properties
- House flippers who specialize in buying homes for cheap, fixing them up, and selling them for a profit
- iBuyers who rely on automated valuation models to provide homeowners with competitive offers
The last option listed here, in particular, has turned into a great way for homeowners to sell their houses as is. It’ll allow you to use technology and data to your advantage when trying to get the best possible offer for your home when selling it as is.
Is Now a Good Time to Sell a Home As Is?
If you’ve kept an eye on the real estate market in recent months, then you know that it’s red-hot right now. While home sales slumped in spring 2020 in large part because of the coronavirus pandemic, the market rebounded in the summer with homes selling faster than they had over the course of the previous two years.
This might make you think twice about selling a house as is at the moment. Why would you want to sell a home as is when the market is this hot and possibly miss out on making a bigger profit than you could otherwise?
This is a valid question and one you should carefully consider. But at the same time, you should also consider all the work and money that you’re going to have to put into your home to bring it back to life if you want to list it for sale and sell it that way.
It could make selling your home as is the best option for you, even with the way the market is looking right now.
Can You Sell a Home As Is in Any Market?
Some people are under the impression that selling a house as is should only be done in certain real estate markets. The thought among these people is that it’s only something that can be profitable for homeowners who live in the hottest markets around.
But the truth is that you can sell a home as is in almost any market and get strong offers for it, especially if you own a home in one of the many iBuyer markets scattered throughout the country. iBuyer has turned into a terrific option for those interested in selling homes as is in:
- Dallas, TX
- Phoenix, AZ
- Cincinnati, OH
- Tampa, FL
- And more!
iBuyer companies are constantly expanding into new cities and states, too. Before going in another direction when selling your house as is, you should see whether or not you live in a place where iBuyer companies operate. You might be pleasantly surprised by what you find out.
See How Much You Can Sell Your Home for As Is Today
Selling a house as is used to be seen as the last resort for many homeowners. But in this day and age, there are a lot of people reconsidering their options when selling a home and wondering, “Can I sell my house as is?”
The answer to that question is a resounding “yes!”—and you could walk away with more money than you could have imagined getting for your home when you take advantage of what iBuyer has to offer. It’ll provide you with a brand-new way to sell a home as is and get great offers for it.
Contact us if you have any questions about how iBuyer works or about how to sell a house as is.