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Can You Sell Your House As Is

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Posted by Anne L. on March 31, 2018 at 12:52 pm

Sometimes people have lived in a property for some time and don’t make repairs. The roof may be leaking, or you have old and outdated plumbing like galvanized steel. Maybe you have been through a major catastrophe and don’t have insurance or the money to make repairs. We are often faced with the question from sellers “can I sell my house as is?”. If you find yourself in this predicament, keep reading to learn the answer.

Selling Your House As Is

In all reality, yes, you can sell your house as is. However, depending on the properties condition will definitely limit your pool of potential buyers. If your house is in need of major repairs, more than likely you are going to have to sell to an investor, like we covered in our last article “Selling Your House To A Cash Buyer“. On the other hand, if your house only needs minor repairs like carpet, painting and other odds and ends, then you may be able to get more money from a buyer that intends to live in the property. But just because your house needs repairs doesn’t mean that you can’t make your home as nice as possible with some elbow grease to help in the sales process.

To get the most amount of money from your property you are going to have to clean and remove as much clutter from your home as possible. We found some great advice on the topic –

We highly recommend that if there are things that you can do without until you move, then go ahead and at least get a storage unit and put them away until you are at your new place.

When you are in your kitchen decluttering don’t forget about your junk drawer and underneath the kitchen sink. Buyers will always pull open at least one drawer and look under the sink to check out the plumbing. The last thing you want is either one to be stuffed with junk. For great storage ideas under your sink be sure and check out our article “Tidy Kitchens Help Sell Your House“.

Continue reading “How To Sell Your House As Is Fast

Packing things away and putting them in a storage unit is really good advice. Cleaning out from under your kitchen sink is also good advice. In their other article about tidy kitchens they have some good tips about how to organize things under the sink on the cheap.

Disclosure When Your Home Has Major Issues

In most states, no matter who you are selling your house to, you have to disclose any major issues that you know about. For instance if the house has foundation problems, you must disclose this to buyers. In some states you even have to disclose if you had problems and made the repairs.

Even after you disclose that there is something wrong with the property, there are still things you can do to help protect yourself from future law suits, as outlined here –

Know that disclosures are still required. Selling a house as is does mean “what you see is what you get,” but complete disclosure is still required by state law. That means that the buyer will get a report from a licensed home inspector outlining the problems, including problems that are not visible. When a sales contract is drawn up, the words “as is” need to be written clearly in the sales agreement, and the buyer needs to initial next to the words so that they cannot later claim that they didn’t know they were buying as is.

Continue reading “Selling A House As Is: 5 Tips To Make Buyers Interested

That is probably the best advice on selling a home, and any home for that matter. The only time that wouldn’t apply is if it is a brand new home from a builder. Anytime you are selling a home you should always have in the contract that the home is being sold “as is” and have the buyer initial next to it.

Now check out this video that has some good pros and cons about selling your house as is –

 

Conclusion

Yes, you can sell your house as is. Depending on the amount of repairs that need to be done will determine how wide of a range of buyers you will have interested in the property. If the repairs that need to be made aren’t that significant, then make sure to make your house as presentable as possible. And most importantly, if your home has major issues, you must disclose those problems to the buyer.

 

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