Are you planning on selling your home? So far, 701,000 homes have been sold this year.
One of the downsides of selling your home is you have to prepare it for the real estate market. Selling a home brings lots of stress, time, and money. But what if you need to sell your home fast? There are times when a traditional home sale doesn’t cut it. You’ll need to sell your house as is to get your cash quickly and your home in someone else’s hands.
But is selling your home as is the best option for you? Here are 10 reasons to sell your house as is.
No Need to Renovate
One of the biggest benefits of selling a house as is is you don’t need to renovate.
This is especially beneficial if your home is old, worn down, and requires serious work. This is also a convenient option for busy investors who own multiple rental properties or someone who has an inherited home they don’t want.
Who buys a home that needs renovations? Many property investors will buy homes that need work. Some traditional home buyers may also purchase “fixer uppers” and will renovate the home to their liking.
Quick Transaction
Selling a home as is comes with a quicker selling process. Beyond avoiding renovations, selling your home to an investor will reduce the time you’ll spend listing your home with a realtor. Some investment companies only take a few days to sign contracts and close the sale.
You’re also not waiting for several months trying to attract buyers. When selling a house as is, contact an investment company that will ensure there’s no waiting period during the selling process.
Great for Those Who Inherited a Property or Are Divorced
Sometimes you get a property you don’t want or can’t afford. Divorce and inheritance are great examples.
No one wants to pay maintenance, taxes, utilities, and other expenses for a house they likely won’t live in. In addition, homes like these often have sentimental value, and selling the house is the best option.
Instead of keeping the property or waiting months for a sale, you can sell the house quickly and will get cash in your hands.
Sell a Damaged House
Is your home severely damaged? For example, maybe your home was damaged due to severe weather or a fire. Instead of spending lots of money on repairs, sell the property as is and get cash in your hands that you can use toward a better home.
Even with insurance payments, many homeowners decide to sell a home that has been damaged. For example, let’s say you live in an area prone to flooding. If one storm caused significant flooding damage, you may want to leave that area altogether.
Neighborhood Changed
Has your neighborhood changed for the worst? What was once a great place to live is now the worst area in town. Neighborhoods change for many social or economic, or maybe the area is becoming run-down and old.
If you’re in desperate need of a change of scenery, now is the perfect time to sell your home. But if things are really bad in the neighborhood, you may want to skip the realty listing and sell your home as is.
Save on Realtor Fees
Even if your home is worth a lot, you’ll have to fork over realtor fees. These fees are a percentage of your property sale and cover many expenses required when you list your home for sale.
What about not selling with an agent? Since you have no realty experience, you’ll have to research the market and list and stage your home. Your home could be on the market for a long time.
You don’t many fees when selling your home to an investor (though you may want to check your contract just in case). The process is more affordable and quicker.
Job or Military Transfer
What if you have to be transferred to another city, state, or even another country?
This usually occurs if the homeowner has to be transferred due to military or career reasons. You’re already busy trying to find a new home and find out the logistics of moving — you have no time to renovate, stage, and list your home.
While commuting is also an option, this may be impossible if you move to a new state or country. If commuting is out of the question, selling your home as is will save you time when you’re trying to set your life back up in another location.
Peace of Mind
Sometimes, the main reason why you should sell a home as is is for peace of mind. No one likes the stress and pressure of selling a home.
A real estate investment company will make the process easy with a quick closing process. As long as you work with a professional investor, the process will go smoothly. Investors aren’t concerned with fixer-uppers, bad neighborhoods, and other problems that normal home buyers have.
Sell an Uninhabitable Home
What if a home is completely uninhabitable? This usually occurs if a home has foundation problems, a serious pest problem, a black mold infestation, and more.
Selling a condemned home in a traditional market is nearly impossible; you’ll first have to fix the damage, which may involve destroying the house and building a new one.
If you can’t afford the necessary repairs and don’t know what else to do, you can sell the home as is.
Sell Your Home As Is!
From uninhabitable homes to not wanting to pay for renovations, there are many reasons to sell your home as is.
Selling your home to an investor saves you time and money while getting your home off your hands. You don’t have to deal with certain real estate functions, such as staging and listing your home. You can move on with your life and have peace of mind.
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