Selling your house as is, is becoming increasingly popular as homeowners want to get rid of their
house without the negative side effects of the traditional real estate market process.
What Does As Is Mean In A Real Estate Contract?
When it comes to selling a house with costly repairs, busy sellers need to consider different scenarios. And selling a house “as-is” is one of those scenarios. An as-is property or house is one that sellers list for sale in its existing state. That means the seller is responsible for addressing the
problems with the house. If a buyer finds out anything wrong with the listed property, he can request the homeowner to fix or pay for the repairs. If you’re a seller and are considering selling your as-is property, keep on reading to find out how to do it.
CAN YOU SELL YOUR HOUSE AS IS
Selling your as-is property can be a complicated process, but it is possible to make a deal. Typically, you can sell your as-in using two routes. The first way is to seek an agent’s assistance in the housing market and sell as-is to a cash buyer. Get cash buyers on your door, and when you receive
a potential offer to make any repairs, have your agent negotiate the deal. The other way is to open up the property for potential buyers interested in buying as-in homes. Many buyers feel comfortable offering relatively higher prices as they know they can request mandatory repairs.
CAN YOU SELL A HOME AS-IS
If you find a cash purchase off-market, you can sell a home as-is to several flippers and investors. However, it may affect the price of your as-is as buyers often look for profits. Knowing that the property is not a good condition, they will want to pay less.