Selling a home as is can be a tough decision to make as many homeowners often struggle with whether or not to undertake costly renovations.
At the beginning of 2022, the average price of homes that were newly listed climbed 13.5% compared to the previous year. While many people make renovations to their homes before selling to increase the home value, you can still get a great price for your home when you sell as-is.
Do you want to learn more about successfully selling a home as-is so you don’t have to make expensive or time-consuming renovations?
Keep reading this guide for everything you need to know about selling a home in the current real estate market and setting your home asking price when you sell as-is.
When you are selling a home and don’t want to make home renovations, it is essential to include “as-is” in your listing. This way, potential buyers will be completely aware that what they see is what they get.
They can still request an inspection, but you and the buyers will both have the same expectations when it comes to renovations.
If you sell your home as-is, you may have to be willing to negotiate the sale price, but you can still save money in the long run by avoiding costly home renovations.
Next, you can conduct a pre-listing inspection. This is helpful even if you are not planning on making repairs.
When you do a pre-listing inspection, you will have a full report of everything in your home that needs to be repaired or replaced. While this also might affect your sale price, it will give potential buyers peace of mind.
This way, they will know exactly what they are getting themselves into when purchasing your property and will not worry that the home will be a money pit.
Not only do you need to inspect your home before you list it but you need to disclose everything that you find in the inspection report. Being open and transparent about the quality of your property may deter some buyers, but you must not hide any of the flaws.
Even if your home is in need of many repairs or other types of renovations, you can position your home as a fixer-upper with great bones. This way, investors or house flippers will be more interested in your property.
It will also prevent your sale from falling through if your potential buyers learn of some of the issues with your home.
Your home asking price is the main thing you need to consider when you are selling your home as-is. While you may think that your home holds a lot of value, you need to look at the facts.
If the property requires major renovations, like a roof replacement, potential buyers will not want to pay top-dollar for your property.
One thing that will affect the price of your home is whether you are selling in a buyer’s market or a seller’s market. In a seller’s market, you will likely make more money from your property even if you are not making repairs.
This is because there are fewer homes on the market and more interested buyers.
You can also consider other homes in the area when you price your home. If one of your neighbors sold their home, you can look at how much they listed their home for.
Lastly, you should consider the repairs that your home needs. These repairs may require you to lower the asking price so that buyers are more willing to purchase a home that needs some work.
While it is important that you do not hide the problems with your property, focusing on the positive selling points will make it easy to sell your property as-is, even if it needs some improvements.
For example, you can highlight the great location, the open floor plan, and other things that would interest potential buyers.
You should also use listing description keywords that your buyers will be searching for. This can include keywords like “upgraded”, “waterfront property” or anything else that is relevant to your listing.
When you sell your home as-is, one of the easiest ways to avoid conflict with the condition of your home is to request a cash offer. Often, cash buyers are looking to buy a home as quickly as possible and don’t care about the condition of your property.
This means that they will be more likely to buy your property without asking for renovations, especially when compared to traditional buyers that want a move-in-ready home.
Whether you sell your home to a real estate investor or a home-buying company, cash buyers will typically have the capital necessary to make repairs and to improve the condition of your property.
Finally, you should find a reliable company to work with. This is especially important as the market is cooling down and there are fewer buyers interested in your property.
A house-buying company will typically make you an instant cash offer on your home and will help you sell your home as quickly as possible.
When you find a company that buys homes for cash, you will not have to worry about listing your home on the market, meeting with potential buyers, or negotiating the price for your home.
Selling a home as-is is an easy way that you can lower your stress and save money during the moving process. Following each of these tips will ensure that you are able to successfully sell your home without having to make any major renovations.
If you need help selling a home as-is, First Choice Home Buyers can help! We buy houses for cash in Pennsylvania without any hidden closing fees or deductions.
Contact us today to learn more about our home-buying process or to get a free cash offer for your property.