When you’re in the process of selling a property, the actual sale and moving can seem simple. It’s the process of getting your home ready to sell that takes the most time.
Getting a home in “selling” condition can mean complete room remodels, expensive electrical and plumbing work, and even intense landscaping.
Instead of investing a lot of time and money into a house you won’t be living in, consider selling your house as is.
A lot of people think that selling a house as is should only be used as a last resort. But if you think about the benefits that go along with selling in as is condition, more people should consider it.
Are you curious about why more people are going down the as is route when they sell their home? Read on to learn why you should worry more about home listings than home repairs at this point in the selling process.
Selling Your House as Is: The New Real Estate Trend
If you’re thinking about selling your home in 2019, you’re in luck. This is the perfect time to experiment with selling your home as is.
We’re in a new kind of sellers market. Home buyers are more than willing to handle some repair costs on their own if it means saving money on buying costs.
The housing market has improved, but owning a home is still very expensive for most people. Buying as is could save people a lot of money, and it gives sellers the benefits of not pouring time and money into home renovation projects.
Reasons to Sell as Is
Selling homes as is isn’t a new concept, but it’s still one people have to get used to.
For years people were expected to pour a lot of time and money into getting homes into selling condition. Selling as is may not be the norm, but it’s about to be one of the hottest real estate trends for sellers in 2019 and beyond.
Do you need some convincing that selling a house that needs repairs is the right thing to do? After reading this list, you’ll wonder why you haven’t considered as is selling sooner.
It’s What Buyers Want
That header may be a bit hard to believe, but a lot of first time home buyers are excited at the prospect of buying a home that needs work.
You can thank millennials for this interesting trend. It’s estimated that 68% of them want to buy a home in as is condition.
Some people think this trend may have something to do with saving money. Sometimes paying for a contractor to handle work can be a little cheaper than paying more money.
There’s also the added benefit of knowing that repairs have been done right. Many new home owners can be wary of repairs done by previous ones. Buying homes as is gives people the opportunity to supervise work being done.
Most “Repairs” Don’t Matter
There are some big repairs some people may want to take care of before they sell their homes. If repairing a badly damaged roof or replacing a clunky HVAC system can get you $10k more in a home sale, it may be worth doing the work.
More often than not, you’re going to waste time and money on cosmetic repairs instead of functional repairs. Cosmetic repairs can be a time suck, and may not matter since new owners will have decor ideas of their own.
Do you really want to spend time repainting your out of style wall colors when a new buyer could easily do the same thing, and do it in a color they may enjoy more?
Is there really a point in sinking hundreds of dollars into professionally steam cleaning your carpets when the new home owners will probably just replace them?
There’s no point in sinking time into cosmetic repairs that could easily be done by new buyers. You’d be better off finding interested buyers than you would making minor and time consuming cosmetic fixes.
You’ll Sell Faster
This may seem contradictory, but sometimes it’s much faster to sell homes as is than it is to go through the traditional home buying processing.
Aside from doing repairs on your home, you’ll also need to spend time staging your house and getting it ready for home tours. This process can be time consuming and stressful.
When you sell homes as is, you don’t have to deal with any of those problems. You could easily find someone that’s interested in a DIY project, a home flipper, or someone that’s looking to buy as fast as you’re willing to sell.
You’ll Get Money Fast
You may be selling your home because you can’t afford to live in it anymore and need to find somewhere that’s in your budget. You may have just inherited property you have no desire to maintain or deal with it.
Either way, you want to unload your property fast, and need to get money from it even faster.
A traditional home sale can take a lot of time even when you have an interested buyer early in the process.
First you have to deal with price negotiations. Then you need to go through banks and mortgage brokers to finalize everything.
Many people that are interested in buying homes as is are willing to pay in cash. You could have the money you need from your home sale in a matter of days instead of weeks or even months!
Make the Right Move
Now that you know the benefits of selling your house as is, you’re eager to list your house and find a buyer!
Before you decide to sell your home as is, make sure it’s truly the best move for you. Read our post about 6 ways to know if selling as is could be the right move for you.
And remember, we’re always here to talk and answer any questions you may have about selling your home. Contact us so we can have a conversation about your home buying needs.
