In the United States, 5.34 million homes were sold in 2018. These home sales consisted of new homes, renovated homes, and everything in between. See below for the basics of selling your house “as-is”.
Today, most retail buyers are looking for a house that is “move-in ready” and that doesn’t need a bunch of repairs. Television and advertisements stress the importance of renovating your house for resale purposes, so selling a house “as-is” may seem more difficult, but it truly doesn’t have to be.
Keep reading to learn about the best things to do when you are trying to sell your house without making too many changes.
Selling a House “As Is”: What Does That Mean?
Most of the time, people do a lot of things to a house before they sell it.
They may add a new coat of paint to the exterior or add landscaping around the outside. On the inside, they may redo the floors, cabinets, or even put in new appliances.
Many people do these kinds of updates in order to try and get more money when they sell their homes. Obviously, this is a good thing when you are able to do it, but not everyone has the time or funds to make it happen this way.
Making the types of changes that others often make on their homes costs money, so if you don’t have it, selling “as is” may be your best option.
Why Would You Sell Your Home “As-Is”?
Selling your home without doing renovations or updates to the appearance may seem like a bad idea to some people.
The main idea behind selling a house is usually to make more money than you put into it and capitalize on the investment.
In today’s economy, a lot of people are selling their homes because they have to. It can be very expensive to be a homeowner – often times the hidden costs of owning a home aren’t evident until things begin to break or deteriorate.
If you have repairs to make or haven’t been able to keep up with general maintenance, your home may be in bad shape.
You may face unexpected bills, you may have been recently laid off, you might have gotten divorced… there are many reasons why a home may suddenly be a burden instead of a blessing.
In the end, it comes down to improving your financial situation, and your peace of mind.
Benefits of Selling a House Without Making Changes
Cost of Repairs
Your current financial situation may not allow you to make any changes, including basic repairs or maintenance. Roofs wear out and are expensive to replace. Foundations crack, plumbing breaks, HVACs go on the fritz, fixtures become outdated – all of which cost lots of money to remedy.
If the property you want to sell has these types of defects and you can’t do anything about it, consider selling it as-is.
A real estate investor is often in the business of purchasing houses “as is” rather than you having to make those improvements. They can often come up with some creative solutions to your unique situation.
Stress of Selling a Home
Some homeowners are unable to handle the stress of selling a home because it can be a long process that takes quite a bit of time and energy. If you already have a lot of stress in your life, selling “as is” could be much easier on you.
Life’s hectic demands often times require our time and attention full time, leaving little for house maintenance, constant tidying, people walking through your house each day, and wondering when an offer will come in.
Selling to an investor “as-is” can help to eliminate those stressors. Investors buy houses without you having to do any repairs, tidying, multiple walk-throughs and they can typically close very quickly – getting you out from under your mortgage or helping you to move on to more positive life changes much faster than selling on the retail market.
Many people sell a home “as is” because they are facing an unexpected financial situation. However, more and more people are needing to move in order to adapt to life changes. It takes a lot of time and money to get a house into tip-top condition to sell.
Today people are wanting freedom from the chains of being tied to a house. They are wanting to buy RVs and to travel, move closer to aging parents, pursue better job opportunities, downsize, retire, and countless other reasons without the burden of a owning a house.
HOA fees, maintenance, insurance, lawn care, furnishing, utilities, etc. are some of the costs that can sneak up on you when owning a house. Sometimes it’s just easier to move on and pursue other ventures that suit you better.
Selling your house to an investor “as-is” often times results in a quick sale, which allows people to move on to their new endeavors quickly, without the hassles and stress of making costly repairs and updates.
Sell Your Home Today
More and more people are foregoing the headaches and hassles of repairing and updating their homes in order to sell. There are people who will buy your house quickly for cash and help solve the house problems you may be having.
Work with experienced and trusted professionals who will help you with your home selling needs. Contact us at 512-598-5418 to tell us how we can assist you today.