When it comes time to sell your house, you know the usual drill. You have to clean it, declutter, and fix it up. That can involve expensive repairs. Instead, you might be tempted to sell it “as-is.” It’s a common solution, but it doesn’t always work in your favor.
Why Sell “As-Is”?
To prepare a home to sell, you could end up investing thousands of dollars in repairs and cleaning. If the home has a major problem like a leaky basement or bad roof, you may not be able to recoup your investment when selling the home. You can save money by doing some of the work yourself, but that takes time.
For these reasons, many homeowners decide to sell “as-is.” They are admitting to the prospective buyer that they don’t intend to make any repairs or address any defects a home inspector might find.
Ways an “As-Is” Sale Can Hurt You
Buyers these days begin their home search on the internet where they browse through dozens of listings. Homes that aren’t attractive inside or out, or that are listed “as-is,” may be immediate turn-offs. Many buyers just aren’t interested or don’t have the budget to take on home repairs after they close.
As a result, homes listed on the market “as-is” can be slow to sell. You could wait months for an offer. This can delay your moving plans and cost you money on expenses like utilities, insurance, taxes, and upkeep.
Ways an “As-Is’ Sale Can Help You
Cash home buying companies will buy your home “as-is” without delay or fuss. Their cash offer considers the condition of the home as well as advantages such as location and the local market. You can have an offer within 24 hours and close within 30 days.
Selling to a cash home buying company can also save in other ways. There are no inspections or appraisals, and they don’t charge commissions or closing costs. You could come out ahead, financially.
An “as-is” house can be a tough and slow sell on the market. Instead, you can skip the repairs and hassle and receive a no-obligation offer quickly. Selling your home to a cash home buying company may be a better alternative for you than listing it.
Want to see your Utah home “as-is?” See how a quick cash sale compares to the slow traditional sales process.