When you’re getting ready to sell your house, it might be intimidating to think about getting it in show-ready form, especially if you’ve been putting off an enormous list of repairs. That’s why you have the option of selling your Holly Springs home as is rather than investing more money before listing it. But before you get in touch with Easy Sale HomeBuyers and get your cash offer, here’s everything you need to know about selling your home in its current shape.
Selling your Holly Springs home as is – what does it mean?
When it comes to as is sales, a buyer is purchasing a property in its current condition. This could imply that the seller will not make any repairs, even if they are noted on the inspection report. The buyer is willing to acquire the property in its existing state, knowing full well what kind of state that is.
Keep in mind that as a seller, you aren’t absolved of the need to discuss what you know about the home with potential buyers. The “as is” label, especially on an open market transaction, isn’t a fail-safe way to avoid negotiations. So you’ll have to be a little more realistic in your expectations.
However, if you go about it properly, selling “as is” might still be a profitable option. If you own a home that needs multiple repairs and don’t have the funds or don’t have the time or desire to go through the stress of home renovating, selling as is might be the right option, and getting a cash offer for your Holly Springs home the next step for you.
Why sell your home as is?
The primary reasons for selling a house as is are to save time and money. For instance, let’s assume you need to relocate for a job. Hiring a contractor to finish a project will cause a significant delay in your listing. Selling it as is can assist and speed up the process if there is adequate buyer desire and you know you’ll get offers.
On the other hand, you could also not have the funds to complete this project. When it comes to selling a property, there are already a lot of fees to consider, and a home in disrepair can only add to those costs. Even seemingly smaller costs like moving fees can add up. For instance, if you are in for a local move, you’ll want to rely on expert assistance and hire local movers in Holly Springs – and that will cost you.
Or let’s take an example – say your roof is in severe need of replacement. For this, you might expect to pay roughly $8,400. Plus, not to mention the additional costs of repairing leak damage to the rooms beneath the leak. So selling a house helps you save that expenditure, at least in the short term.
What are your options for selling your Holly Springs home in its current condition?
You might think that selling as is works the same way every time. However, you have two basic options – request a cash offer or sell as is with an agent. Let’s have a look at both of them.
#1 Request a cash offer
Did you know that there are buyers who aren’t as worried about the condition of your Holly Springs home, and they’d be happy to buy it as is? Let’s see how it works!
Imagine your home has significant faults, such as a leaking roof, plumbing leaks, or foundation fissures. You’ll need a serious buyer who can afford to make repairs and save the property. Or you might be a seller who needs to sell quickly because of a job relocation. This means you can’t afford to risk a lengthy closing. In that case, receiving a cash offer will be the quickest and most hassle-free approach to selling.
House buying companies such as Easy Sale HomeBuyers are well accustomed to buying homes as is. Besides getting in touch with one of them, you can also reach out to rental investors or home flippers. However, they’re not as safe of a bet as professional house-buying companies.
Benefits of selling to a cash buyer
The biggest benefits of selling your Holly Springs home to a cash buyer are:
- You can entirely skip repairs and even cleaning.
- Selling to a cash buyer allows you to decide when it’s a convenient time for you to sell.
- Also, the process of selling to a cash buyer is quick and free of charge.
- Home buying companies don’t need lenders’ involvement to purchase a home, making things even quicker.
- You won’t have expenses such as agent fees, closing costs, and many more.
#2 Sell on the open market
Alternatively, you can choose to sell your home traditionally. Maybe you’re not in a rush to sell, or your house isn’t in such bad shape that you’re willing to see what kind of deal you can get on the open market. In such a case, you can list your house for sale at a reasonable price — ideally with a pre-listing inspection and written disclosures.
Make sure to work with an experienced real estate agent who can defend you against unethical purchasers and negotiate aggressively on your behalf. Your agent will need to perform a lot of research on the buyers, including checking out their reputations, searching for ways buyers might try to renegotiate and squash those attempts, and assisting you in making the best selection possible.
Also, when selling on the open market, you should still make some efforts, so your home stands out and looks more appealing. There are a few smaller projects that are worth the investment. For instance, cleaning, decluttering, or painting your home can go a long way with the buyers. And even with your best efforts, your Holly Springs home could still sit on the market for a while.
Good luck selling your Holly Springs property as is!
As you can see, selling your Holly Springs home as is can be a quick and straightforward process if you decide to sell to a cash buyer. If you take your chances and list your home on the open market, you might still experience the same quick and smooth process. However, the chances are it will take you a while to sell your home, and you might even eventually feel pressured to invest in repairs you initially didn’t want to. At the end of the day, it’s your choice to make based on your situation. We hope our article helped you understand your options and decide what’s best for you.