The long and drawn-out process of selling a home isn’t for everyone. All too often, the house needs to be in far better condition than you have the money for. At least, that’s what many real estate agents will tell you.
This is why many buyers don’t realize they have other options. Selling a home as-is is a perfectly acceptable way to get the property off of your hands fast. If you’re struggling with your decisions about selling your home, it might be time to consider alternatives to the typical house-sale route.
An as-is home sale has more benefits than you think. Read on to find out what they are.
1. A Quick Sale
Sometimes, homeowners find out at the drop of a hat that they’re being relocated. For individuals in this position, there isn’t time to go through the whole process of selling your home. This is when a quick sale is necessary.
Selling a house can take more time than the homeowners have available. When it comes to quick sales, an as-is house sale will save the seller time and effort.
2. More Discussion Around Pricing
In an as-is sale, there is more negotiation room when it comes to the price that your home is going to be sold for.
Instead of sticking to the strict market and housing prices, selling a home as-is gives owners and buyers more room to work out a price that will be lucrative for both parties.
Do not rush into a discussion of the house value. Instead, both parties should come up with a price that best suits their budgets, and the negotiation can begin from that point.
3. You Save Time
Many homeowners never realize how long it takes to sell their house. However, that timing is significantly reduced when you sell a home in an as-is condition. This allows the owners to move forward and find a stable place for themselves.
It is also a great option when you’re short on time. A short sale for an as-is home condition can be an excellent option for a home nearing foreclosure. It is also an option when someone passes and the family doesn’t know what else to do with the remaining property.
4. You Save Money
Money can be saved by selling a home as-is, too. The sellers aren’t putting in the investment to fix up the home before it is out of their hands. Instead, as sellers, the house is simply not your priority to put the time and effort into to fix.
You don’t have to waste money trying to fix up a home that isn’t going to be the way the buyers want it. Instead, the buyers can buy the property for a lesser price and fix it up the way they want to.
5. Absolve Messy Divorce Struggles
Divorces can be messy. No matter the situation, there are times when you just want everything to be a done deal so that you can move on with the next part of your life.
This may mean that an as-is home condition is the right way to sell your house because an as-is sale is typically faster than a regular sale. The sooner the home is off your hands, the faster you can move forward with finding a resolution to your divorce proceedings.
6. Cash Buyers Find Motive
When it comes to as-is homes, cash buyers are quicker to put in an offer. It’s easier to exchange funds for a house that doesn’t require the original owners to do a ton of work. These homes are the ones that the new owners typically flip to sell for a profit over what they put into the houses.
Cash offers can reduce the struggle and closing costs of setting up mortgages and having everything in the home in perfect selling condition.
7. A Quicker Brand New Start
The long, drawn-out process of selling your home may be something you don’t want to get into. It’s okay to be ready to wash your hands of an old house and jump into the next opportunity.
An as-is home sale allows the sellers to move forward with their lives without the long, drawn-out process of selling their homes hanging over their heads.
8. The Land Is Worth More Than the Home
There are times when the home you’re selling is not worth as much as the land it’s being sold on. In this event, fixing the house to be sold isn’t worth the money or effort. This is when selling the home as-is is one of the best decisions that can be made.
Potential home buyers aren’t always looking for the house itself. There are times when the land is what they’re hoping to gain. They plan on taking the building off the property—and reusing the property anyway.
Fixing up a home in these cases simply isn’t worth doing before selling.
Selling a Home As-Is Is an Option
If you’re looking for different ways of selling your home that will best fit your budget, you have various options. Selling a home as-is is a quick way to get that property off your hands and into someone else’s. Your home may not be suitable for you, but it could be the right amount of work for someone else.
If you have more questions or want someone to take your home off your hands, we’re here to help. Contact us for all your home selling needs, and we’ll help you start the process. We want to find what’s best for you!