3 Reasons You Should Sell Your Home As-Is
We all have in our minds what the traditional real estate transaction looks like, you have even experienced it yourself. A homeowner fixes up their home to sell to another party that wants to move into the home to live. This may be the most traditional type of real estate deal in our country, but it’s not the only kind.
In some situations, there is no fixing up the home, or even selling the home for the buyer to live in. In these situations, the home might be on the market “As-Is” meaning what you see is what you get and the seller will not pay for any more work or warranty the home. As-Is homes are often sold at a much smaller price than their traditional counterparts, so why would anyone sell a home as-is? To answer this question, let’s look at three reasons someone might sell their home as-is.
3 Reasons to Sell Your Home As-Is
Foreclosure is a very unfortunate situation but it can happen to anyone. Homeowners facing foreclosure want to salvage any part of the home value if they can, so they must sell the home. Fixing up a home takes time and energy, so if a homeowner is facing foreclosure, they are more likely to throw the home up as is.
Smart sellers know when a house isn’t salvageable where it stands. When a seller is faced with this issue some sellers put the home on market as-is to attract home renovators, fix-and-flippers or others looking for an investment property. In this case, the seller knows the home has value but for some reason, they don’t want to invest in the property themselves so they put the home on the marker as-is.
No Time or Money
Sometimes everything boils down to the effort. People who have received a property as part of an inheritance or people who have an unwanted property may want to get it off their hands without having to take the time and money to fix things up. What’s left is a home that may not be move-in ready, but also won’t cost as much.
Homes sold as-is could be facing foreclosure, could exist for fix-and-flips or investment properties, or someone might not have the time or money to fix up a house. These reasons and more are why you might want to sell your home as-is.
Visit the we buy houses experts at Vision Home Buyers to learn more about why you should consider selling your home as is.