There can be instances where you need to sell a house fast even though it needs repairs. These repairs may have been unexpected or you may not have the time or finances to go through with them. Although, this can affect the likelihood of a quick sale, it does not rule it out entirely. In this article, you can learn everything you need to know about selling a house ‘as-is’ when it needs repairs.
What Does Selling ‘As-Is Mean?
Selling ‘as is’ means that the buyer is made clear that repairs will not be made. They can then take the decision to purchase the property with the knowledge that they will have to conduct those repairs with their own time and finances. Some buyers prefer these homes due to specific expertise in construction and for those looking for a discounted price. Usually, an inspection will still be conducted, but your agent will make it clear that no major repairs will be undertaken. Alternatively, you can complete a pre-listing inspection and disclose everything that is found. Selling ‘as-is’ is usually enticing for investors and cash buyers. It is important to follow the basic guidelines of usual home selling but also consider specific factors that are unique in your home.
Declutter and Stage Appropriately
Just because you won’t be making repairs, does not mean you should skimp on decluttering. When you sell a ‘house as is’, it becomes even more important to ensure that the home is well organized and has high-quality photos. This helps investors to make a decision on purchasing the home. You can also spend some money on minor cosmetic improvements and on increasing curb appeal. These small changes can make a significant difference when it comes to the appeal of a home.
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Bypassing the Listing Process
In some cases, you may not even need to list the home. You can find a cash buyer or investor to deal with directly. This can save a lot of time, and helps to ensure that you get a fast sale. This saves you the stress of organizing showings, and there is no commitment involved which means you can weigh up the offers. There are a number of ways to find these buyers and an experienced real estate agent can help you consider your options.
Pricing the Home
The home will need to be priced very competitively and take into account the level of repairs required. However, the discount will not only account for the cost of repairs but also the time and inconvenience of carrying them out. An agent can help you with a pricing strategy that takes into local market factors and the condition of your home.
Marketing your Home
The marketing strategy for selling a house ‘as is’ differs slightly to homes that are ready to move in. This is partly because you will be reaching out to a different audience. Therefore, it is advisable to choose an estate agent that is experienced with selling ‘as is’ property. Marketing should sell the positives such as the area and lot size. The description and photos should also be appealing and target the correct keywords. Buyers will look for positive features such as landscaping and any upgrades.
It can seem daunting to sell your home as-is’ but it is still possible to get a quick sale. By following these guidelines and utilizing an experienced real estate agent you can ensure that you maximize the odds for a fast sale.
We hope this article will help you sell your home fast and get the best price possible.