People usually sell a home “as is” because they can’t afford to fix it up or they don’t want to. The “as is” designation in a traditional sale often has negative connotations. But cash buyers specialize in purchasing homes “as is.” To decide if it’s an option for you, consider a couple of factors.
Can You Make Repairs?
First, think about whether you have the money to make repairs, and whether your investment in renovations will be a good investment. It’s possible to pay thousands of dollars for repairs only to raise the value of the home by a fraction of that amount.
A cash buyer will never ask you to make repairs. They may consider the condition of your home, but they will also look at the home’s potential by analyzing the location and current market. You could come out ahead, financially.
Problems with Listing “As Is”
You may think you’ll get more for your “as is” home if you list it, but that’s not always the case. Many buyers want a home that’s in move-in condition, so you could wait a long time for an offer. Then, there’s more waiting for a closing date.
With a cash sale, you can have an offer within 24 hours. In most cases, you can close on the house within a week or so. This can save you a lot of money in the ongoing costs of keeping up a house you don’t want.
The Cash Sale Alternative
Selling an “as is” house to a cash buyer is fast, and it will never cost you any money. You’ll not only save by not doing repairs, but you’ll also save on expenses such as mortgage payments, utilities, insurance, and taxes.
And unlike a traditional sale, there’s no commission, fees, or closing costs deducted from your offer. You won’t have to wait for the buyer to get financing, either; cash buyers already have the funds necessary to buy your house.
When it comes to selling a house “as is,” a cash sale can be beneficial in several ways. You don’t have to spend a cent, and the whole process can be finished within a couple of weeks. You can walk away with cash and into a new chapter of your life.
Your “as is” house in Atlanta can sell quickly. Click here to learn about the cash sale process.