When you need to sell your home, but you can’t afford the needed repairs, or you just don’t want to do the work to fix it up, you may consider putting it up for sale “as-is.” The term “as-is” tells the potential buyer that there could be problems in the home. This can mean a slow sale, but there are ways you can speed up the process.
Most houses listed on the market “as-is” take longer than usual to sell. Most home buyers are looking for a home they can move right into without taking on repair projects. Some are purchasing at the top of their budget and won’t have money left over to make repairs.
Of course, you could get lucky. It’s possible. You may find a buyer who enjoys painting, replacing floors, installing new faucets, buying new appliances, and so on. But these kinds of buyers are not common.
Sell to a Flipper
You’ve seen the reality TV shows—people buy older homes needing renovation and fix them up like new. There are people out there, looking for bargain-priced homes. You’ve probably seen signs stuck to utility poles and at intersections. They have just a phone number on them.
But ask yourself whether these home flippers are legit, whether they’ve been vetted, or whether they really have the money to buy your home. All of that is possible, but it’s up to you to check it out.
Sell to a Cash Buying Company
In contrast, cash home buying companies are legitimate property investors, not hobbyists. They can show you references of satisfied customers, and they can show you proof of funds. “Proof of funds” are letters from their financial institution confirming they have the cash on hand to pay what they offer you.
The best thing about cash buying companies is the speed of sale. They can have a cash offer to you within 24 hours, and you can often close on the sale within a week or so.
Selling an “as-is” home on the market isn’t easy, but a direct sale with a cash home buying company might be the solution you’re looking for. Contact a buyer in your area, ask questions, and compare your options.
Are you feeling lucky or do you want to sell your home fast? Compare a cash home buying company to the traditional sales process by clicking here.