The Pros and Cons of Selling Your House As Is: How Is It Perceived?
On average, it takes around 68 days to sell a home. That’s bad news for homeowners looking to get rid of their homes immediately. However, there’s always the option to sell your home as-is.
But as the old saying goes, perception is reality. So how does selling your house as-is look from a buyer standpoint? And for that matter, is it worth it?
Keep reading as we answer these questions and more during our dive into the pros and cons of selling your home in its current condition.
Pros of Selling Your House As-Is
Selling your home without the aid of a real estate agent can be a great idea in certain situations. Moreover, it has some fantastic advantages! Here are just a few of the things you can look forward to when you sell your house by yourself.
More Freedom
Your house is a special place. You don’t want to sell it to just anyone. You want to make sure the buyers are going to appreciate your home and make it a better place.
Selling your house solo gives you the freedom to get picky with buyers, thus giving you more control over the situation.
Less Time on the Market
While 68 days might not seem like a lot of time, it can feel like an eternity.
If you need your house sold right now, you can sell it directly to a company that specializes in purchasing as-is properties. Rest assured, there’s on in your area.
Hop onto Google and type in ‘selling my property as is‘ followed by the name of your city, and you should see a list of reputable companies near you.
You’ll Earn More Money
While it can be nice to have the help of a real estate agent, their fees can eat at your total earnings. That’s not something you’ll have to worry about when you sell your home as-is.
The money you earn is yours and yours alone!
Cons of Selling As-Is
While selling your home as-is can be faster, it’s not always better. Here are a few reasons why you might want to think twice before selling solo.
Negative Perceptions
As-is sales have an unfortunate stigma. When push comes to shove, you may have a tougher time attracting interested buyers.
Unless you’re a marketing guru, it’s often an uphill battle.
Low Offers
Because of the negative stigma surrounding as-is homes, you may get approached with offers far lower than your asking price.
Some haggling is to be expected. However, you may end up settling for far less money than your house is worth.
It Can Take Longer to Sell Your Home
Because of the reasons above, you might have a harder time finding a reasonable price for your home. As a result, your house could stay on the market longer than it would if you’d just repaired it and partnered with a real estate agent.
Home Sweet Home: Should You Sell Your Home Solo?
Selling your house as-is can be an experience that’s both fun and frustrating. Whether or not its right for you will depend on how much you’re willing to haggle and how soon you need to sell your home.
For more tips on selling your home, make sure to check back with our blog.