When trying to sell a house, it’s hard to know whether you should take the time to fix it up, or just go ahead and sell as is. There can be a lot of benefits to selling a house as is, mainly being for the sake of time, and cost. In this article, we’ll try to give you the best idea of what it’s like selling as is, and why you would decide to sell your house this way.
If you’re trying to sell on the market, the majority of people won’t buy a house that needs work. Most people aren’t looking for a house that needs repairs when purchasing, if they’re wanting to move into it. For this reason you might run into trouble trying to sell on the market as is. This might leave you wondering “how would I sell my house as is?”. Unlike other buyers, we aren’t looking to move into your house. Our business model is based on fixer uppers, this means that we’re accustomed to fixing houses before selling them. So to answer the question, you sell to an all cash investor, like Fastlane Property.
“Why would I want to sell my house as is?”
There are many reasons, and benefits to selling this way. In this article we will address some some of the reasons why.
It will save you massive amounts of time
When you decide to sell your house on the market, a realtor will be extremely thorough pointing out things that need to be repaired. The truth is, this is necessary selling through this avenue. You’ll need to fix every little thing that might stick out to a buyer, this means you’ll have to go to great extents just to be able to show your house. This is all without even mentioning major renovations that might be needed.
You could have plumbing issues, foundation damage, fire damage, water damage, or a list of other major problems that are going to take lots of time to get fixed. You’ll have to find a trustworthy, reasonable, and qualified contractor to take care of this. Then you’ll walk him through what all needs to be completed, and the time frame it should be finished in. After all this, is when they will come through your house on a daily basis working.
This can be very disruptive for most families, and it’s often a very uncomfortable situation.
You won’t need to spend money on renovations
Repairs and renovations can get extremely costly, and all of that money is coming out of your pocket. What if you need money now? Spending more on renovations isn’t going to hep your situation Look at this scenario. You’ve decided that it’s time to sell your house. It has foundation damage, but otherwise looks great. You go through the entire process of selling through the real estate market and you finally find a buyer. You both agree on a price and you think that this whole experience is over, and you can finally move on. Then you get the news, the bank won’t provide your buyer with financing until the foundation damage is repaired.
Now, you’re forced to pay for the repairs, and that’s cash coming out of your pocket! This doesn’t mean you get a larger sum of money for the house. It simply means that you’re able to sell the house. So you’re now having to spend thousands of dollars, after you already know you’re also going to have to pay different fees and realtor commissions when all this is said and done. When does it stop?
Again and again everybody keeps reaching into your pocket, just so this house can be sold. For somebody just trying to sell a house and move on, that sounds like a pretty raw deal.
There are many things sellers need to do before a house is ready to list.
This is pretty common, considering of course your house has carpet in it. Something that can stand out to a potential buyer is a dirty carpet, and that will put a bad taste in their mouth for the rest of the house. This certainly isn’t the way you want to stand out to your buyer. Cleanliness is taken very seriously when selling on the market, and your carpet is no exception.
An alternative to cleaning the carpet would be replacing it, but that will be even more costly, and once again. Every penny you spend is going to be coming out of your pocket. Now, considering that you’ve gotten your carpet cleaned instead of replaced, you’ll have to consider if you want the upsell and get it protected so it’s clean for longer, because after all you don’t know how many people are going to be going through your house until you actually sell.
Roof repair or replacement
If your roof has a massive hole in the middle of it, it’s a pretty obvious decision of whether or not you should replace your roof. What about if it doesn’t have a massive glaring problem? How do you decide if it needs to be repaired or replaced? You might be wondering things like “Is it actually necessary to replace a 20 year old roof? What about that moss? Do sellers actually care about stuff like that? Will any of this actually factor into whether or not my house sells?”
The truth is, it’s hard to know about these things, and you’ll never be certain if you made the right decision or not. This is just another thing that can end up costing you thousands.
This is another way to spruce up your house, but it might have you wondering if it’s needed too. Most of us aren’t professional painters, so we could do it on our own.. But that’s probably a lot to take on for the everyday working person.
So do you hire a professional? Or maybe you try to give it a shot yourself and see how it goes. Then arises the question, “Do I paint the interior and the exterior? Maybe just the interior?” What if your house is 20 years old and hasn’t been repainted since it was built.. At that point it’s probably a good idea to repaint the exterior. Not only will the buyer notice the overdue paint, but they might even be wondering if the exterior itself needs work because of how poor it can look.
Also, if you have any colors on the interior that aren’t neutral you should probably go ahead and change those. Most buyers will see those and think “one of the first things we’ll have to do is repaint.” and that can be a bad impression to leave on someone. They might even ask for thousands of dollars of for “repairs” because of the paint issue.
We’re here to help
Sometimes it can be hard to keep up with all of the different costs that selling your house is going to bring up. We try to make things as simple and painless as possible. That’s why we would like to buy your house as is. That means you don’t even have to think about taking care of any cost the house is going to bring you.
Above we listed only a few of the different reasons sellers have to spend money out of their pocket upon selling, and believe it or not, there are even more, you can read about it on this forum on Zillow If you don’t want to spend all the extra time, and cash just to sell your house, or maybe you just don’t have the time, you can contact us and let us make you an all cash offer to buy your house just like it is.
All you have to do is take the first step, and contact us. We look forward to working with you.