There will come a time as a homeowner when it is time to sell your home. Whether you need more space for a growing family, or are moving to a different city, selling a home is quite common. In fact, there were nearly 6 million homes sold during 2018 in the USA alone. While it would be lovely is selling a house was easy, that isn’t always the case. There is often a lot involved in the home-selling process.
However, there is a way to bypass a lot of the stress of selling a home, and that is to sell the house as is. This means you are essentially selling the home as it stands, and not making large fixes or repairs. While selling as is might not get you as much as if you fixed it up and then sold it, selling as is can certainly save you a lot of time and money.
But selling a home as is isn’t always easy and doing it wrong can leave your home on the market with little to no interest for months. With that in mind, let’s take a closer look at 4 of the most essential tips when it comes to selling your house as is.
Be Upfront and Honest About Everything
The first and arguably the most important part of selling a home as is, is to be upfront and honest. Anywhere you list the home, be sure to make it clear that the home is being sold as is. Be sure that everyone not only sees and reads it, but also understands what that means. The last thing you want to do is scam anyone or take advantage of them.
Be forthright about everything that may need to get repaired, what it may cost and other things like that. The more honest and upfront you are, the more that buyers may be comfortable working with you. If you try to be dishonest, it will only come back to hurt you in the end.
Price the Home Correctly
Next, you need to be sure to price the home correctly. Look in your city or neighborhood and see what similar homes to yours are selling for. However, be sure to adjust the price accordingly depending on what needs to be fixed in the home. Finding the right price isn’t always easy, but is certainly possible with the right research and references.
If you price the home too low, you may not truly get the most value out of selling your home and you could regret it for years. But on the other hand, if you price it too high, you will get little to no interest and your home could sit on the market for months or years. Whether you use an online service like ISoldMyHouse.com or simply utilize classified ads in your city to sell your home, pricing it correctly is one of the best ways to encourage buyers to act.
Consider Making Some Repairs
While the point of selling your home “as is” is to not have to make any repairs, there are some fixes that you may want to consider making. These are repairs that need to be made in order to get any interest in your home. For example, if the plumbing doesn’t work or the roof or foundation is damaged, you will likely have trouble selling the home.
Also, there are some small and cheap repairs you might make in order to be able to raise the asking price a bit. As for the repairs you decide not to make, it is a good idea to have an estimate of their cost. Not only will this information help you price the home successfully, but can also help you show the potential buyers you have done your homework and are serious.
Be As Flexible as Possible
When selling a home, it is always a good idea to be as flexible as possible. However, this is especially true when selling a home as is. There are only a select few buyers who will be interested in an as is home. So you may not have as many chances to make a sale when compared to a standard seller. Also, many buyers in this space will want to negotiate.
As a result, you need to be flexible if you want to sell the home quickly and still get good value. Be willing to meet with potential buyers whenever it works for them, as not everyone will have the same schedule as you. This also involves making sure your home is always show-ready. So be sure to keep it as clean and as in-line as possible.
In conclusion, hopefully this blog post has been able to give you some helpful tips to ensure you are able to successfully sell your house as is.