Selling a House As Is Pros and Cons – What Are They?

Posted on: April 2nd, 2020 by , No Comments

Selling a House As Is Pros and Cons – What are they?

Newbyginnings Selling a House As Is

Selling a House As Is Pros and Cons – What are they?

If your house is in good condition and has had recent updates, there’s no reason to sell it “as is.” But what if it needs considerable repair and restoration?

Keyword(s): selling a house as is

Did you know that summer is the best time to sell your home? Pleasant weather makes viewings easier, and it’s the perfect time to move into a new home before the school year rolls around.

However, not everyone can plan their house-selling schedule around summer vacation. Plus, not everyone can repair a home fast enough to sell it during peak market periods.

If you’re faced with a similar situation, selling a house as is might be the solution. It accounts for the desire to sell a home quickly and the challenges that come with lengthy repairs.

To learn more about the pros and cons of selling a home “as is”, check out our guide below!

What “Selling a House As Is” Really Means

Selling a house “as-is” refers to selling a house without making any repairs or compromising with potential buyers over repairs or improvements. The house is simply sold in its existing state and condition.

Pros to Selling a House As Is

One of the biggest pros of selling a house as is is that you won’t have to worry about setting up appointments for repairs or spending your time painting or renovating parts of the house. When a house is sold “as is”, most people understand that the property won’t be the most glamorous of homes.

Houses that are sold “as is” are also a draw for people who flip homes. They’re able to buy a house, usually for a decent price, and rework it on their own terms.

If you’ve inherited a property you’re not interested in, this can be an easy and quick way to get it off your hands. When a loved one passes away and the family has to sell the deceased’s unused property, it can be an easy and stress-free option.

It’s common for “as is” homes to be sold to cash buyers. This is appealing to many people who are looking for a quick and lucrative sale.

When people choose to sell their home “as is”, they typically do so because they want a fast sale. Much of the process of selling a home is taken up by meeting with contractors and preparing the house for listing photos and viewings.

Cons to Selling a House As Is

It’s not uncommon for home buyers to skip over listings that claim they’re selling the house as is. Unless they’re interested in home repair, the idea of buying a house without the room to compromise on repairs or renovations can be daunting.

Often with a house sold “as is”, you won’t know for certain what you’re buying until you’re living in the home. Potential buyers can still request an inspection, so if you’re hoping to hide damages, selling “as is” won’t solve that dilemma.

Because of this, even if the home isn’t in terrible condition and you’re simply looking for a quick sale, it can leave a negative impression on home buyers from the start. In this case, it’s possible that you might end up with the opposite of what you wanted: a long-selling process because none of your potential buyers are interested in buying a fixer-upper.

Finding the Best Fit

Ultimately, selling a house as is will depend on the situation you find yourself in and how quickly you want to get rid of the property. The home-selling process is unique with each sale, so it’s best to speak with an expert to decide which path is best for you.

Check out the rest of our website to learn more about how you can sell your home fast in the Dallas area!