Each year, more than 5.34 million homes sell to new owners. Though many of those homes sell with the help of a realtor, others end up getting sold for cash.
If you’re thinking of selling a house as-is, working with cash buyers is always the best choice. But before you can start looking at offers, you need to make sure it’s the right decision for your needs.
Here are a few key things you need to know before you commit to selling a house as-is.
1. You’ll Get Less for the Property
When you sell your house in as-is condition, you’re asking the buyers to take on the full cost of repairs once they buy the property. This means you’ll need to price the house appropriately to attract interested buyers in the first place.
Unfortunately, it often means you’ll get less for the house in the first place. Remember, you’re asking buyers to cover the cost of the repairs out of their own funds. You can’t expect them to pay top-dollar rates for a property that’s in less than ideal condition.
If you’re looking to get the most money for your house, selling it the traditional way with a realtor and taking care of basic repairs is the best choice. But if you’re willing to accept a lower offer, selling a house as-is can work.
2. You’ll Need to Look for the Right Buyer
Most buyers looking for homes want them in move-in ready condition. This means they won’t show interest in homes with extensive repairs.
Instead, you’ll need to look for cash home buyers that are willing to buy homes in any condition.
Take your time and research different cash home buyers in your area. Read up on the reviews for each company and schedule consultations with several. This will allow you to compare the offers from each company and makes it easier for you to get the best price for your home.
3. Staging Your House Is Still a Good Idea
Just because you’re selling a house for cash doesn’t mean you can’t still make it look as nice as possible. In fact, staging a home in as-is condition can help you sell your house fast.
Do what you can to get the property ready before cash home buyers tour the house. Clean what you can. Pick up the clutter and do what you can to highlight the benefits the property offers.
When buyers can see the potential more easily, they’ll be more willing to offer you a higher price.
Selling a House As-Is Is Possible
If you’re thinking of selling a house as-is, keep these things in mind before you put the home up for sale. As long as you weigh the benefits of selling a house for cash over working with a real estate agent, you’ll be able to make the right choice for your situation.
Just remember that selling your house, even for cash, can take time. Check out our latest posts for more tips and tricks to help you offload your old home as fast as possible.