Three weeks is the typical amount of time it takes to receive an offer on a house after listing it.
It can take even longer, though, if you try to sell a house as-is. If your home needs work, selling it as-is provides a way to sell it without making any repairs, but is this the right way to sell a home?
Learning about the as-is real estate market is essential if this is an option you might want to use. Here are some of the most important things to know about selling a house as-is.
There Is a Smaller Market for As-Is Real Estate
If you browse through real estate listings, you will come across some as-is houses for sale. Usually, though, there are not a lot of these.
Selling a house as-is through the real estate market can be somewhat challenging. One reason for this is that there are fewer people who want as-is homes.
The majority of people shopping for homes want finished homes. They don’t want to have to work on the properties when they close. They want to move in and start living their lives.
As a result, there is a smaller market for these home types. When there are fewer people interested in your home type, it will likely take longer to sell.
Buyers Still Want Home Inspections
Secondly, when people purchase as-is homes, they still do their research. They also still want home inspections.
If you list your house as-is, people will know that it needs work. To find out what work it needs, they will hire a home inspector. If the inspection reveals that it needs more work than expected, they might buy a different house.
You can avoid surprises like this by getting a pre-listing home inspection. The downside to this is that you’ll have to pay for it. The benefit is that you can find out every problem your home has before listing it.
You Can Sell It an Easier Way
If you want to sell your home quickly without doing any repairs, you could consider selling as-is to a cash buyer. Cash buyers purchase all types of homes, and they won’t require any repairs or contingencies.
To sell your house as is to a cash buyer, you’ll need to start by contacting one. When you contact one, you can ask for a quote. They will give you a quote that you can accept or decline.
Selling it this way offers several benefits. First, you’ll close on it quickly. Secondly, there is no risk of the deal falling through.
Finally, you’ll benefit by not having to do any work. The buyer won’t ask for a thing.
You Can Decide How to Sell Your Home
You can find as-is real estate for sale in all areas, but selling a home this way can be challenging. You can decide if this is right for you, or if you prefer a different method.
If you enjoyed this article, check out others on our blog!