There are some reasons why you might want to sell your house as-is. It could be that you lack the finances or you are limited by time. Whatever your reason might be, selling house as is to a cash home buyer is quicker and more convenient.
But before selling your house as is, here are several things you need to know. First, be careful not to commit avoidable mistakes when selling your home.
What Does It Means To Sell A House As Is
When you are selling a house as is, the buyer will take ownership of the property, whatever condition it is. It doesn’t matter whether it’s in good or bad condition, although mostly bad. You, as the seller, will state simply that you will be doing any repairs on the property.
Who Is Better For You? Realtor or Cash Buyer!
What is the process of selling a house as is to a Realtor? Here are 4 easy steps to take to sell your home in 2021:
- Conventional of Selling
- No Inspections
- Re-negotiation Of Price
Conventional of Selling
The conventional of selling a house is to use realtors or selling as an owner. It seems easy, but it is important to know the details of selling a house as-is through this method. In addition, it will help you make the right decision on whether or not you should hire a real estate agent to sell your house.
Most homeowners believe that selling a house as-is means no inspections, which is right, but when using a realtor, you must be prepared for intense inspections of your property. So naturally, this would play a major role in the price offer you’ll get.
You must inform the buyer of all the major damages since concealing them might turn into lawsuits in the future.
When selling through realtors, buyers can get financing or sell their existing homes first. Conventional sales will also have additional contingencies that enable the buyer to cancel a contract if their inspections show any problems that were not there initially.
Re-negotiation Of Price
Expect a potential buyer to ask for a cut in the price after inspection. This could be fair if the inspections show repairs that were not apparent initially. However, this means the buyer would have to factor the repair costs into the purchase price.
Selling house as is with a realtor is not favorable since it involves lots of uncertainties. Therefore, you should do the repairs first to get a better offer.
Selling House As Is To A Cash Buyer
How to selling your house as is for cash? You are better off selling house as is if you sell for cash. Aside from saving thousands of dollars from doing repairs, it also allows you to sell a house quickly. Here are 3 steps to sell your home to a cash buyer as-is:
- Show Your Home
- Repairing and Improving
Show Your Home
When you reach out to a cash buyer to sell your house, you will need to provide full details of the property. Everything must be explicitly described, so honesty is the best policy. Your property is still checked, but it won’t affect the offer you get. This type of buyer can give you an offer in less than 24 hours; no inspections are needed.
Repairing and Improving
When a cash buyer says they will buy your house as is, they mean it. No need to worry about doing repairs or remodeling the property. No need to factor the cost of repair in the selling price. They will buy your house and handle the repairs. They’ll buy your property even if it is damaged by fire, hurricane, flooded, have cracked walls, and faulty foundation.
There is not necessary to be concerned with the eventuality that might occur from the financing; selling your house cash buyer is adequately funded and does not depend on banks for financing. You will immediately know once you call if they’ll buy your property. No cancellations. You can also call off the deal if you don’t like the offer.
If you decide to sell a home as is in Ohio, it’s always best to go for a cash buyer instead of hiring a real estate agent. You will get a better offer, and you can also close in less than 2 weeks. On top of that, they’ll handle the closing costs and the processing of paperwork.