A home is indeed a great investment. When the time comes, many homeowners take the plunge in selling their home. For the most part, the primary purpose of selling a house is to earn back enough money to purchase a new home or save for future investments.
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Selling a house as-is simply pertains to selling a house in its current condition. This means that no home repairs or remodeling projects will take place as agreed upon by the seller and buyer. Your family will need to decide if this is the best option for you.
As the seller, you will need to disclose all information about the house and any issues it may have, such as mold growth, pest infestation, electrical problems, or plumbing issues. While it may sound daunting disclosing bad information about your home there are benefits to selling a home as-is that may be worth noting.
- It saves you money
The idea of not earning more money from selling your home as-is may sound like a major drawback. However, think about the costs of the home inspection, repairs, and renovations before selling a home. Yes, you may earn big after closing the deal but subtract all your expenses from the total earnings, and you’ll realize that it’s actually a more stress-free way to sell your home and save you on renovation costs.
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- It creates a fast transaction
Some homeowners don’t have all the time in the world, especially when they need to move quickly. Selling your home as-is means you don’t have to complete any renovations prior to putting the home on the market. This is a good decision especially when your home is in good working condition or your home needs a large number of renovations. In the first case, the buyer may not make any changes and in the second case, it may be worth letting the buyer live through the renovations and allow them to customize their new home.
- It reduces stress
Some people don’t want to get stressed by dealing with renovations prior to a move especially if they have to complete renovations in their new home. You will not need to live through any home changes and the sale can move through quickly as there are fewer stipulations to purchase.
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- Cash buyer
Many real estate experts agree that those who sell their houses as-is end up getting them sold to cash buyers. That’s a major advantage as you can get paid upfront in cash. For instance, you need money for emergency situations, medical needs, or children’s education. Selling your house as-is will then be a practical solution to getting quick funds.
Final words
It sounds simple enough to make no changes to the home however selling a home as-is means that you are selling your home in its current state and will not need to live through any extreme inspections or have the issue of a buyer not wishing to purchase your home.
If you’re looking for a top-rated real estate agent in Langley to help you sell your house as-is, get in touch with us today! We’re happy to help.