Homes listed “as-is” on the real estate market are notoriously slow to sell. Many buyers don’t want to take on the responsibility or expense of making repairs when they move in. But you can successfully sell your “as-is” house by avoiding the market and going straight to cash home buyers.
Who Should Sell “As-Is”?
If your house is in great condition, you may do well by listing it. But if you have to invest thousands of dollars into fixing it up before listing it, you might not come out ahead. In this case, an “as-is” sale to a cash home buying company makes sense.
Many people who have inherited homes will also sell “as-is.” They may not have the cash on hand to pay for repairs. Others just don’t have time to deal with the hassle of hiring contractors or managing a rehab.
What Are the Pros and Cons of an “As-Is” Sale?
Selling a home “as-is” saves you the time, money, and stress of repairing the home. Yet, when you list it on the market, waiting for a buyer could negate any of the advantages. The label of “as-is” can be a red flag, and many buyers will pass by your listing without a second look.
It’s not usual for “as-is” homes to sit on the market for months. Then, when an offer comes, if a home inspection reveals serious defects, the buyer could withdraw from the sale. A slow sale can cost you money and delay your plans.
How Can a Cash Sale Help?
Rather than listing it on the market, you could sell your “as-is” house more quickly by contacting a cash home buying company in your area. These companies specialize in purchasing homes that need repairs. They’re looking for your “fixer-upper.”
The cash sale is quick and easy. You’ll receive a cash offer from the company within 24 hours. You can often close within a week, or at most, within 30 days.
You can bypass the expense and stress of selling an “as-is” house by selling directly to a cash home buying company. You’ll get a fair offer, and you won’t pay commission or closing costs. If your house needs repairs, a cash sale is an option worth looking into.
Want to successfully sell your “as-is” house in the Spokane area? See how the Easy Homebuyer can help by clicking here.