Selling a house is often a lengthy, complicated process, and one that leaves the homeowners exhausted by the end. To save themselves stress, many homeowners opt to sell their house as-is, meaning they put it on the market in its current condition, without doing any repairs or improvements first. Our team at Vulcan Home Buyers buys as-is homes, and we want to help you determine if this approach is right for you. To do that, we have put together a list of the pros and cons of selling a house as-is:
- Pros
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- Less Work – As we mentioned above, when selling a house as-is, you won’t need to worry about making any repairs or doing any home improvement beforehand.
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- Faster Sale – In addition, selling a house as-is typically results in a faster sale. You can start listing your home and attracting buyers sooner, or you could skip the marketing process altogether by selling to home buyers like us. We’ll inspect your property and give you a fair market offer right away.
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- Lower Costs – Because selling a house as-is allows you to skip repairs and renovations, you won’t have to spend money to improve your house before you put it on the market. This allows you to hold onto more of your profits from the sale.
- Cons
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- Lower Price – One downside of this approach to selling your home is it typically results in a lower sale price. A house that needs work will sell below market value, so you’ll need to consider this tradeoff between profits and speed when deciding how to sell your home. Keep in mind that the amount you save by not doing repairs and improvements yourself may more than make up for the lost profit on the sale itself.
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- Fewer Potential Buyers – A lack of buyers is another possible downside of selling your home as-is. Not everyone is interested in buying a fixer upper, which gives you a smaller pool of buyers to work with. However, working with a business that specializes in buying homes renders the lack on individual potential buyers less important.