Selling your house as-is refers to selling the house in its current state. This means that you, as the seller, would not be doing any repairs or remodels. You might want to sell your house fast due to various commitments. These may include funding a business, paying off debt, buying your next home, moving to a new city, or paying for a major life event. In cases like these, you may not have money to make repairs or renovations before listing your house for sale. Ironically, selling a house as-is can be the slowest or the fastest way to sell.
What Should You Disclose to the Buyer?
There are, of course, a few rules associated with selling a house as-is. It might seem tempting to hide material facts or not to disclose the damages to get more money from the buyer. But this might do you more harm in the long run. There are laws in certain states that are against misrepresenting or intentionally hiding the defects in the house. Information like termite damage, mold appearance, major electrical or plumbing issues, structural defects, litigation’s on the house, etc. must be disclosed to the buyer as per Florida disclosure laws.
Benefits of Selling a House As-Is
A few benefits of selling a house as-is are:
- You get to save a lot of time that would otherwise be spent on renovations
- You save the money that would be spent towards the remodeling or repairs
- It can be sold to a cash buyer, which means you would not have to deal with a realtor and their fees. Also, since the buyer assumes all liability in this case, you can avoid many legal issues
- If it is a house that has been inherited by multiple parties due to the passing away of a loved one, it would be best to sell it as-is at an acceptable price. You can sell your house fast, and profits can be split equally
- At times, the buyer will allow you to leave the furniture that you don’t need. They might even be willing to pay extra for it
7 Effective Tips to Sell a House As Is
If you tick the following steps from your checklist, it will help you in expediting and simplifying the sale of the house:
De-clutter and Depersonalize
Clean up the house before you show it to prospective buyers. If there is clutter throughout your place, it becomes difficult for the buyers to picture themselves there. You might want to put away family photos, personal items, and also remove some furniture to make the place look bigger. Depersonalizing and presenting a blank state to the buyers is important for them to be more accepting of the place.
Stage the Place
Hire a Stager who can make the place look better and make it more salable. Stager’s are experts in impressing buyers by showcasing the best assets of the house and appealing to their emotional aspects behind purchasing a house.
The Price is Right
Pricing the house right and having modest expectations is important. This does not mean that you must price the home at the lowest on the block. It means not overpricing and thinking from the buyer’s perspective. The buyer will factor in necessary repair costs, and so should you. So, you need to set a price that is reasonable compared to turn-key houses on the market.
You must understand that every house has its pros and cons and be upfront and honest about the shortcomings of your house. Work with your agent to find the right way of communicating these flaws to the potential buyers or other agents. It is important to set the right expectations with the potential buyers when listing your home or sending pictures.
Set the Mood
Give prospective buyers and other visitors a positive experience. Lighting the fireplace, turning on the music, cooking delicious-smelling food, cleaning up the place, etc. are a few things you can do to enhance first impressions of the home.
Spread the Word
If your house is unique, historically significant, or has great architecture, then you might consider giving it a bit of media exposure. There are a lot of real estate writers who would want to feature such houses in their work. You can approach media houses or local newspapers who already do property listings. This can increase the visibility of the house and help in a faster sale.
Or, Skip All of the Above
Companies that buy houses for cash don’t care about staging or clutter. They are already in the market for as-is houses, so you don’t have to try to convince them. Companies that buy houses for cash offer fast sales by eliminating middlemen like money lenders, banks, agents, and buying your house directly from you. There are no realtor costs, commissions, and other hundred types of fees in such transactions. Best of all, there’s no waste of time. Cash offers usually close in 5-10 days.
Selling Your House As Is in Florida
There you go! You are now equipped with the knowledge to sell your house fast and as-is. It might take some elbow grease and strategic presentation, or it can just take a phone call. If you are curious what your cash offer would be, run a quick online search for “companies that buy houses near me.” Chances are, they’ll be happy to give you an immediate offer for free.
Read Next: Selling a House As Is FAQ