10 Tips for Selling Your Home in as Is Condition
Summer is one of the hottest times to sell a house.
If you want to relocate, now is a great time to do it. Moving is stressful, and we’re sure you’re not looking forward to performing the clean-up your home needs.
What if there was a way you could sell your home in its current condition? Luckily for you, there is.
Below are 10 tips on selling your property in as-is condition. Don’t worry about budgeting for your collection of minor prepares and start packing the boxes.
1. Chat With a Real Estate Agent
Real estate agents will perform a comparative market analysis and advise you on how to price your home. Find a detail-oriented realtor and caught up on the latest trends because this will help sell your property as is.
Plus, a realtor comes with connections to potential buyers in the area. They’ll get the job done quickly.
2. Contact Local Contractors
Even though you’re selling your home as-is, potential buyers will still inquire about estimated costs to perform repairs. Contact local contractors to give you the numbers.
Keep detailed notes to pass along to potential buyers.
3. Search for Quick Cash Offers
There are specific groups of buyers looking for as-is homes to buy with cash and flip for their own investment purposes. Cash sales are quicker than traditional sales.
If you’re looking to get out in a timely manner, this is your best bet.
4. Be Honest
Selling your home without doing repairs isn’t an excuse to lie about the work it needs. Disclose all damages and areas of concern.
You’ll find yourself in a heap of legal trouble if you lie about the home to new buyers. Protect yourself and the new tenants.
5. Remain Realistic
Research local real estate trends and be realistic about your asking price.
Because the new tenants will be funneling a large chunk of money into repairs, they won’t want to pay an arm and a leg for an as-is home. You’ll receive more offers at a realistic price.
6. Don’t Forget to Clean
“As-is” doesn’t mean leaving heaps of trash, broken belongings, and dust piles around the home. Even if you aren’t performing repairs, take time to clean the home before the new tenants arrive.
This is common courtesy!
7. Give Clarity on Uninhabitable Homes
There’s a difference between a couple of broken door hinges and a home with broken A/C and busted water pipes. Offer full transparency on uninhabitable homes.
Emphasize the issues to potential buyers to avoid legal issues, and expect a much lower payment for extreme cases.
8. Don’t Give Up
One of the best pieces of home selling advice is to never give up. It may seem impossible in the beginning, but you may not be reaching the right people.
Reach out to home flippers, investors, and companies who buy old homes. Use newspaper ads, flyers, social media posts, and in-person referrals.
9. Perform Minor Repairs if Needed
Does it seem like people are refusing to buy your home? Sweeten the deal by performing minor repairs.
Minor repairs can look like retouching scratches on the wall, fixing a squeaky door, replacing a broken window screen, and changing out busted lightbulbs.
10. Be Open to Negotiation
If buyers are offering lower offers than expected, be open to negotiations. Don’t go too low, but don’t be too strict on your price.
Always discuss lower offers with your agent. They’ll protect you from scams.
Selling Your Home: As-Is Condition
Repairs and renovations are costly. Avoid having to spend the extra money by selling your home in as-is condition. Leave the repairs up to the new tenants.
Work with a real estate agent for better leads, and be transparent about all of the expected repair costs. Remain open to negotiation throughout the process, and don’t give up too easily.
For more tips on buying or selling a home, make sure to check out the rest of our site. We offer tons of advice for all things real estate!