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What Happens When I Sell My House “As-Is”?

When you want to sell your house but it needs repairs, you might be tempted to list it “as-is” on the real estate market. That’s certainly a decision that may work out for you–that is, if you’re willing to wait and compromise. Another option is to sell quickly to a cash home buying company.

What “As-Is” Tells the Buyer

You have probably seen the term “as-is” in real estate listings. It’s a commonly used term that tells the prospective buyer that the home needs repairs, and the seller doesn’t intend to make any. The “as-is” designation often appears on listings for inherited homes, rental properties, and homes that have been neglected for some time.

“As-is” can be taken as a warning sign to buyers. Although certain disclosures are required by law, it is not necessary for sellers to get a home inspection. There may be problems lurking in the home that neither the seller nor the buyer can know by looking.

Risks of Listing an “As-Is” House

When you list a house “as-is,” you can’t predict how quickly it will sell. Many buyers want a house they can move into immediately. Their budget may not stretch far enough to make immediate repairs. Or, they may not be interested in purchasing a home with issues, even if it is priced below market value. 

Homes listed “as-is” often sell more slowly than comparable houses on the market. You may have to lower the price or offer other incentives to encourage a sale. Worse, if you receive an offer, and a home inspection uncovers more serious defects, the sale could fall through.

How a Cash Sale Can Help You

Selling to a cash home buying company is an attractive alternative for many people who own houses in less-than-perfect condition. Home buying companies never ask you to make repairs. You’ll receive an offer within a day or two of contacting them. You can also close quickly. A home buying company has cash on hand and doesn’t need to get financing. Often, you can set the closing date within a week or two.

Selling a house “as-is” the traditional way can be slow and stressful. Instead, selling to a cash home buying company is simple and straightforward. Since the offer carries no obligation, it makes sense to explore your options.

You can sell your Spokane area home “as-is” quickly and without stress. Click here to find out more!

 

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Testimonials

Chad is an awesome business man. He answered every question that I had and he was always there when I needed. He is a man of his word and is very honorable. I would recommend him to everyone who is wanting a hassle free sell.

Arin J.

Working with Chad was amazing. He was very clear with communication, and the property closed on time. I highly recommend working with him.

Nathan M.

Working with Chad at Home Buyer LLC was easy from start to finish. Chad knows how to get things done and make the home selling/buying process easy for everyone involved. Chad is smart, efficient and hard working – I would highly recommend him to anyone looking to sell their home quickly.

Jeff P.

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We buy houses in ANY CONDITION in Idaho and Washington. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (509) 530-2088