Selling a house is arduous, but it takes an average of up to 40 days to sell it, almost turning it into a gauntlet of headaches. You do have the option of selling a house as is, meaning you can avoid all the hassle. It might not sound like an ideal option, but we think we can convince you otherwise.
Read on to learn about all the advantages of trying to sell home as is. You might be surprised at how much easier it can make selling a home!
It’s Great If You’re on a Budget
If you’re trying to sell your house and have a tight budget to work with, then selling a home as is will be one of your best bets. People aren’t as against buying a fixer upper home as you might think, so you don’t need to have it in perfect condition.
If you can’t make the repairs yourself, don’t worry. There’ll always be a DIY-minded buyer out there who is eager to turn your old home into a new paradise. The real key thing to focus on here is that you keep it as well-maintained as you can.
Do simple things that don’t require you to spend much money. Keeping things clean and having a well-kept garden are great ways to maintain that dream image for new buyers.
A Fantastic Way to Relieve Pressure
Selling a home is one of the most stressful things we can do. There’s so much that goes into it. Maintenance and upkeep, repairs, and negotiations that we inevitably end up in.
Sometimes we don’t have the mental space to jump through all the required hoops.
That’s why selling a home in as is condition can be such a relief. You eliminate almost all the stresses and worries that come with a sale. You may not fetch as high a price as you could have, but it could save money and a lot of hardship.
It’s a Way Out of an Emergency
This is the nuclear version of the meager budget. It’s when you have to sell a house, for whatever reason. This is for if you don’t have the luxury of time required to haggle, negotiate, and show people around your home.
You can take this one step further if you’re in dire straits. There are a lot of services that will offer to buy your house for cash, in whatever condition you have left it in. There might be a fear that you won’t receive a fair price, but they will be reasonable.
Before putting your home for sale as is, look at this service, which says “we buy houses for cash” to anyone who needs out of a sticky financial situation.
Buyers Have a Great Mortgage Option
If the house you are attempting to sell is in a state that it’s unfit even to get a mortgage, a true fixer upper, then buyers have some exciting options available. You might think a house in this condition will disqualify it, but it becomes an incentive.
Even though you can’t get a standard mortgage for a house that is deemed to be in disrepair, there is a particular loan you have access to. That loan is an FHA 203k renovation loan designed for the explicit purpose of repairing an old home.
In this situation, you’ll be getting far less money for the house than you usually would, but it’s the perfect way to get rid of a property you don’t want anymore. It also allows someone else to turn it into a dream home.
Your House Won’t Be Unoccupied
If you need to move abroad or far away from the area, you might fear leaving your house unattended. An empty house can tempt squatters, thieves, and other criminals.
If, for whatever reason, you cannot arrange somebody to look after the house, then selling it as is will be the next best option. The quicker you can sell your home, the faster you’ll be able to enact whatever travel plans you have. This works wonders if the house is in decent condition and you need to get moving, but you may have to deal with buyers trying to low-ball you.
Selling a House as Is on Your Own
This might be one of the biggest bonuses for anyone who doesn’t like shelling out cash for services they think they don’t need. You can circumvent having to deal with a realtor by selling the house yourself, but there are some things you need to keep in mind.
You have an obligation to inform new buyers about all the issues in the house. As long as you make sure to do this yourself, you’re perfectly within your right to sell the home yourself.
If you do consider a realtor, you might be able to negotiate them down from their usual fee since the house is being sold as is.
How to Deal with Big Financial Decisions
Selling something as near and dear to you as your home is daunting, no matter what condition you sell it in. Remember to weigh up all of your financial options with care before selling a house as is. Ensure that it’s 100% the right thing to do for your current situation.
Determining that can be difficult if you aren’t the most financially-minded person, but it’s not impossible. We’ve got plenty of tips and articles on the blog for handling business and personal finance, so keep reading if you feel you could use some more advice!