Planning to move out of your home in Los Angeles? Obviously, you’ve probably thought about your options on what to do with your current property.
One of the options available to you is to sell your home. However, you might be thinking twice because of the state of the place. Your home might be damaged, or you might need to do some intense remodeling before you could put it up for sale.
If you’re having second thoughts of selling your house because of the home repair expenses, you might consider another way of home sale—selling your property as-is.
What Is An As-Is Home Sale?
An as-is home sale usually refers to the act of selling a property in its current condition. In other cases, the as-is portion of a property sale agreement will refer to the deed or title of the home being sold. When you sell your property as-is, you are affirming that there will be no negotiations relating to repairs or updates to the property.
Why Sell Your Home As-Is
Many homeowners choose to sell their property for a variety of reasons. Here are some of them:
- Fewer upfront costs: Most people choose to sell a house as-is because they do not have the funds to make further investments in it. This saves you from having to pay for costly repairs out of pocket.
- Quicker placement of the house on the market: Selling your home as-is allows you to sidestep the lengthy repair process and go straight to putting your property on the market. This is beneficial if you inherited a house and don’t have the time to fix it up on top of other daily responsibilities.
- Higher chance of selling to a serious buyer: Listing your home in an as-is condition indicates that you are not interested in negotiating. While this may scare away some buyers, it also streamlines the process for those who are actually interested in your property. You won’t have to clear out for less committed shoppers.
How To Sell Your Home As-Is
To attract the right buyers when selling as-is property, take the following steps:
- Find the right home buyer: You can choose to put up your house in listings and state that you are selling as-is. There is also the option of selling the house to a fixer-upper. However, the quicker option is to look for a reliable cash home buyer.
- Be prepared to negotiate after the buyer home inspection: Once you get in touch with the buyer, they will visit the property and evaluate it for its value. What they may offer may not be the price you want. When an as-is house does not sell for what it is worth, renegotiating the price can protect you.
- Be aware that the home may come in under the appraised value: Still, be prepared for instances that your listed price may not be appealing to some buyers. When this happens, you may have to lower the price or pay the difference yourself.
- Clean the home before putting it on the market: Even though you’re selling the home as-is, still take the time to clean it and ensure that it looks orderly for prospective buyers. This allows them to see the full potential of the property and not get distracted by any clutter lying around.
- Follow disclosure laws: Even if you’re selling the home as-is, it does not excuse you from failing to disclose the problems that come with the property. You still need to inform the buyer of any foundation issues and places that need repair. This will help them make an informed decision about buying your home.
We Buy LA Houses For Cash, Fast!
Have you found yourself in an unpleasant situation with your house? At Inhouse Offer, we’ll help you out of your difficult circumstance.
We’ve built a reputation for being a trusted cash home buyer for homeowners in LA. You can count on the cash figure being the amount you’ll see at closing when we make our firm cash offer. When you sell your house for cash, we want you to know exactly how much money you’ll receive.
The best part of selling to us is that you won’t even have to clean or repair your property. We buy the house in its current condition.
Need to sell your house? Email us today at [email protected].
