Things You Should Not Miss If You Want To Sell A House As Is Quickly
May 21, 2021
Selling a house as is can be appealing for several reasons. One family might be growing and
won’t fit well anymore in a small home. While some might need to cash in their home’s equity
and use the fund for an emergency, others might have to relocate for a new job. But whatever
your reasons for selling, the process can be a lot stressful and complicated.
You don’t typically have to invest in any pre-sale home improvements and repairs by selling
your house as-is. It seems like the easiest way to get your house off your hands right away and
avoid more hassle that comes with home-selling. The potential buyer will get the house with
all its faults and issues while you’ll get the money you need fast.
However, it doesn’t always work that way. If you want to sell your house as-is quickly, there
are certain things you should not miss. Read them below.
Understanding The Mechanics of Selling
When it comes to home-selling, certain factors are out of your control and can significantly affect how fast your house sells. While you can’t do something about them, understanding their impact can help you set a realistic expectation when selling your home.
One of them is the location of your house. If it is close to local attractions or in a highly
desirable neighborhood, your home has more chances for a faster sale. Another factor is the
real estate market conditions. Even if your home is in good condition and location, the kind of
market you’re in can impact your home’s value and the timeline for selling.
If you’re in a seller market, there are more homebuyers than the housing options available. It
means you’ll have more wiggle room on pricing your house for sale and likely to sell quickly.
But if you’re in a buyer market, it may take longer to sell since the buyer has more homes to
choose from, so you may have to adjust the price and be more flexible with the timeline.
Doing Home Inspections Before Selling
Typically, home inspections are requested during conventional home sales. The purpose of
doing so is to determine whether any problems in the house require extensive repairs. If
there’s any, you can either make the repairs regardless of the cost or give a buyer allowance
for the identified problems that need repair.
It may seem pointless to do inspections if you want to sell your house as-is. But a full
disclosure report from a professional home inspector can give potential buyers peace of mind
and confidence. It can serve as proof that you have nothing to hide, which could help you sell
your house quickly.
Disclosing Significant Issues
Almost every U.S. state has disclosure laws that mandate sellers to give buyers specific
information about the features and conditions of the house they are selling. That’s why you
also have to do home inspections, even if you’re choosing to sell as-is.
Remember that selling as-is doesn’t give you the leeway to avoid telling buyers the house is
leaking or needs new plumbing. When there are significant issues you’re not willing or able to
fix, you always have to disclose the information. Else, you could end up losing the deal or
getting sued for not abiding by your state’s disclosure laws.
Pricing The House Right
Pricing your home competitively is one of the most effective ways to sell quickly. If your price
is too high, it might take a lot longer for you to sell. You might have to consider pricing your
houses a little lower to attract potential buyers. However, you can also lose serious money
when pricing your property too low.
It’s worth noting that you have to factor ‘as is’ in pricing your home. Since you’re not willing to make repairs, your house’s defects will affect your sale price. It’s one reason that many don’t recommend selling a house as-is unless it’s necessary. But Sundae’s home selling company suggests putting up your home for sale to a cash buyer or an investor if you want to skip extensive repairs.
Connecting With A Cash Buyer
Selling a house is not a quick process. With so many factors to consider, finding the right
buyer and making a fast sale can be difficult. But connecting with a cash buyer can make a big
difference. You may be able to go without the viewings or waiting for loans’ offers and
approval.
But on top of that, most cash buyers are looking to buy your home as-is. Regardless of your
home’s condition, you can get a cash offer, start the paperwork right away and complete your
sale within as little as a week. Just make sure you are working with a reliable cash buyer.
Selling Your House As Is Fast
Selling a home can be nerve-racking, but even more so if you have a short timeline. But with
the right approach and connection, you can significantly speed up the process. It’s always
crucial, though, to anticipate some delays or obstacles and have a good alternative plan in
place.