Have you ever found yourself needing to sell your home but looking at a long list of repairs and renovations that you feel should be done before selling? Maybe you’ve found yourself wondering if it might be better to just skip them and move onto the part where you actually get your home sold. This is known as selling as-is. Do you know what it takes to make that happen?
A Buyer Who Doesn’t Mind Repairs
The first thing you’ll need in order to sell your house as-is is a buyer who doesn’t mind repairs or a home that is in need of them. While you may have a harder time finding such a buyer among traditional buyers who use a mortgage to pay for a house, there is an easy solution. Simple Cash Offers buys homes in all sorts of conditions. We like project homes, so if you’ve found us, you’ve already found a buyer who doesn’t mind repairs.
Disclosing Negative Information about the House
Regardless of who your buyer is, it’s your responsibility to disclose any negative information about the house. As a general rule, we handle the repairs and all associated costs after we’ve taken ownership of the house. Still, it’s always a good idea to know what condition your home is in and be open about it. We take that into consideration when determining the offers we make, and that information can help everyone understand what a fair offer looks like.
Understanding What It Means for the Sale
Because we take the condition the home is in into consideration when making our offer, it’s important to understand that what you’re offered isn’t going to be what it’s worth when we’re done getting it all fixed up. In order to calculate what we’re going to offer you for your home, we take what the home should be worth when we’re done with it and subtract the cost of repairs, our selling costs, and our profit minimum. What is left is the offer we make. As such, the need for more costly repairs will naturally decrease what you’re able to get for your home.
It doesn’t always make sense for everyone to spend a lot of time and money repairing and renovating a house. Fortunately, you do have the option to sell your house as-is. Make sure you understand what it takes to sell your house as-is so you can have as positive an experience as possible.
Do you need to sell your home as-is fast? Simple Cash Offers buys houses as-is for a fair price. Click here to learn how to sell your house to us today!