Should You Sell Your House As Is?

If you’re thinking about selling a house as is, there’s no doubt it sounds appealing to just up and move, especially if there’s cracked flooring, mold, or a collapsing roof you’d rather not deal with. It can be overwhelming to think of a traditional sale that requires a list of home renovations before you can sell your house. So, how do you know whether it’s better to invest money in repairs or simply sell as is? 

Read on for the pros and cons of selling your home as is and what it really means to sell your house as is. 

What Does It Mean to Sell a House As Is?

When a house is sold as is, it signals to buyers that the seller isn’t going to address any repairs. There’s typical back-and-forth bargaining that occurs after a home inspection and the price can be haggled lower or the buyer may request credit if any issues are found. 

However, if you sell your house as is, the buyer will receive the fixer-upper home in the exact condition it comes. In other words, what you see is what you get. The home is then generally priced for sellers to sell quickly and for buyers to score a deal, though they’ll need to spend money on repairs upon purchasing.

Why Should I Sell As Is?

If you need to move fast to relocate for work, or you simply don’t want to deal with the hassle of home renovations, selling as is can be a great alternative for you. Depending on your current budget, it also might be too expensive to upgrade your home to attract agents and potential buyers depending on what damage your house has. 

Larger repairs like replacing an entire roof can cost you upwards of eight grand, so selling as is can save you costs up-front, though you’ll most likely sell for a lower price than an updated home. Selling a house as is isn’t entirely bad or good, but you can decide if the benefits outweigh the losses.

Pros of Selling a House As Is

1. Save Time

You’re that much closer to closing a deal when you sell your house as is. There’s no need to worry about staging your home to present it in the best light when buyers already expect to encounter some issues. You can immediately list your home with zero repairs, and if your buyer has the funds, you’ll be on the road to a closed deal in no time! Plus, there’s a high likelihood that a cash buyer will be interested which means there’s no tedious mortgage approval process to slow down the sale.

2. Save Money 

You’ll never risk going into debt fixing your house when you sell as is. Not only will you save time and money on repairs, but you’ll also save money on staging your home for showings and open houses. If you decide to sell directly to a cash buyer and sell your house without a realtor, you can save on realtor fees. 

Cons of Selling a House As Is

1. Fewer Interested Buyers

Though a lower-priced fixer-upper home will attract some buyers, others will be turned off at the repairs that need to be done. Plus, if the potential buyer is seeking a mortgage approval, their lender might not sign off on it if your home has structural or safety issues.

2. Lower Offers

Most buyers interested in an as-is home will be looking for a deal when considering all the money they’ll have to personally invest. When comparing sale prices for move-in ready homes and as-is homes, there can be a quarter percent price drop. However, even if you have to sell for a lower price than an updated home, at least you’re saving time and money on the front-end!

If you’re still unsure about whether it’s best to sell your house as is or if you’re curious about how to find a cash buyer, call our team at 1-800-CASH-TODAY. We welcome a conversation about your present situation and look forward to walking you through our straightforward process connecting a cash buyer to you. Our local investor pays cash for houses and has been around the block, so you can sell your house as is and move on to your next chapter.