What is Selling Your House “As-is”?
What is Selling Your House “As-is” ?
In real estate, sometimes there is a lot of jargon thrown around. One term that’s often used when selling a house or property is selling “as-is”. Simply put, as-is means the property in its current condition. That means that no matter what’s inside the house, outside the house, anything wrong with the property, it can be left alone. You can literally just walk out of the house right now and sell it to someone. You are not making any changes, repairs, or allowing any sort repairs to be made, even if an inspection is done. It is completely up to the buyer to determine if the house is worthy of buying, how much repairs they would need to do, etc.
Benefits Of Selling Your House As Is
The biggest benefit of selling your house as is, is not having to spend money to repair it. Whether your home needs updating, repairs, or a complete remodel, taking on that project before selling can be a huge hassle. Many people that are looking to sell their homes do not want to take on such a project while they are also trying to move or relocate. People sell homes in all conditions, and there is always a willing buyer, regardless of the condition.
Furthermore, many times, homeowners spend a fortune to remodel a home to their exact standards. However, when the home is put on the market, the seller’s style is too specific for most buyers. In the end, many people end up losing money on renovations when trying to sell their home. Sometimes, it is better just to sell a home and let the new owner design it to their specific style.
When selling to Property Buyer Connect, there is no need to make the place look nice. We have seen properties in literally all conditions and are not surprised by anything. So, when you call us, we come in, evaluate the property judgement free, and give you an offer. That’s the beauty of leaving your house just the way it is.
Things To Consider
Selling your house as-is is an easy option if you don’t want to put any work into making your property look pretty. However, this may come at a cost. Your property will not be marketable to everyone. But that’s ok because there are plenty of people, like us, who are still interested!
If you do happen to find a buyer who wants to use financing, good luck. Most lenders will have certain safety standards that the property will need to uphold. The property will also need to be insurable under a homeowner’s policy. Selling a house as-is with known problems will turn away most buyers looking to get a mortgage on the property. Property Buyer Connect purchases properties all cash, so that is not an issue.
If you are considering selling your house as-is, quickly, easily, safely, and for cash, and you live in the Greater Philadelphia Area / South Jersey area or its surroundings, give us a call at 215-770-3122 or send us a message anytime. We’d be happy to help!