What Are the Pros and Cons of Selling a House As Is?

pros cons selling a house as is real estate home sales

Did you know that springtime is the best time to sell your house? According to Zillow, you could get $1,600 more than you would get any other time of the year.

Of course, you could also get more money if you renovate your house before selling it.

But sometimes you just don't have the time, energy, or money to fix up a house for sale, and that's alright! Learn about the pros and cons of selling a house as is.


What Is Selling a House as Is?

Before you decide you are selling a house as is, you should know what that means. 

It means that you are going to be selling the house in its current state. You aren't going to make any renovations or repairs. The buyer will be buying it knowing that they will have to take on any repairs if they want to make them. 

This isn't just an informal agreement between you and the buyer, however. "As is" actually has legal implications. The buyer will most likely have to sign extra paperwork acknowledging that they are buying it how it is.

Now that you know what it means, you should also understand what it doesn't mean. Some people think that if they sell a house as is, they won't have to tell the buyer what the problems with the house are. 

You still legally have to answer questions honestly about problems that the house has. Each state has different rules on what you need to disclose, so you should check with those. 


Cons

There are pros and cons of selling your house without making any renovations. However, let's look at the cons first. 

You'll Have to Work Harder

You won't have to work harder in the aspect of repairing the house, but you will have to work harder to try and sell it.

Your realtor and you may have trouble convincing buyers that they should pay the price for a house that isn't renovated. Buyers may already have a negative view towards buying a house with no renovations, so you'll have to figure out how to break through that negativity.

Buyers may also have a distrust about the whole thing. They may think that you're automatically trying to hide something, so it's up to you to convince them that you're not.

Buyers May Feel Negatively About It

Like we said before, buyers will come into the transaction already having negative feelings about the house.

As soon as they see "as is" they may think that there are so many problems that even you couldn't fix the house. And when they think that, they may be more reluctant to buy it. 

Potential Buyers Will Offer You Less

The buyers that do make you an offer will probably offer you less. They may do so by just assuming that your house is beyond repairs, which is why you didn't repair it. 

When you sell your property as is, you should expect offers way below what your house is actually worth or even less than what you asked for. 

Fewer Buyers

While you may have low offers, you will also have fewer offers. 

When a listing says "as is" right off the bat, you will have a lot of potential buyers turn the nose up and not even look at it.

If you can avoid it, try not listing as is somewhere where it can give buyers the first impression of the house. If you still aren't getting enough buyers or high enough offers, it may be time to break out your toolbox. 


Pros

While these are some big cons to selling your property how it is, there are also some good pros. 

Save Money

One of the more obvious pros is that you could save a lot of money by not renovating your house before you sell it. 

You won't need to spend money on supplies to fix the house or to stage it to make it more appealing to buyers. You also won't have to spend money on hiring someone else to do it for you.

If you're not trying to make a lot of money off the house, there is no point spending all the other money trying to fix it up.

Faster

Another advantage is that you will be able to sell your house faster. You won't have to spend so much time renovating and making sure that everything works.

Even if you just have a few small projects, they can take up a surprisingly large amount of time. 

Could Get Cash

If you sell your house as is, you may be able to sell it to people who will pay in cash. 

There are so many benefits to selling your house for cash, including the fact it will be a lot quicker to process. You also won't have to deal with paying fees or having a realtor. 

Less Work and Stress

Maybe you're not selling your own home but rather one that you inherited. trying to sell a house can be incredibly stressful, and if you sell it without making any repairs, you could save yourself a lot of work.

You may also not be able to physically do any renovations or projects. If you are ill or not able to do it, it may be better to just sell the property how it is. 

Even if you don't make any changes, you could still hire a realtor so you don't have to deal with finding buyers yourself.


Sell Your Home Today

If you think selling a house as is may be the right option for you, then go for it!

Skip the hassle of buying tools or hiring a contractor to make the changes for you.

So what are you waiting for? Start marketing your home to potential buyers today! 

Learn more in the Real Estate section of our blog.

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