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Selling As-Is

With the changing of the times, as well as the changing of the financial landscape of the United States, there has been a stark increase in the number of people selling their homes “as-is”. While it sounds interesting, it’s important to bear in mind what this could mean for you, and also the buyer, and the neighborhood. While selling a home with minimal effort is a possibility that’s attractive to anyone, it’s important to be aware of both the great things and the negative aspects of this possibility.

What It Means

how to sell a home as-is

“As-is” could mean different things to different buyers – for some, it is an opportunity, but for others, particularly those who are inexperienced in the home-buying process, it could easily turn into a disastrous money pit of never-ending repairs and expensive maintenance. When a homeowner needs to sell their home quickly, and lacks the funds or time to properly repair and advertise their property, their best option is selling the home in its current state. Selling a home as-is gives a homeowner a quicker and easier way out than they had when they purchased the home.

When a home is sold as-is, a buyer can choose to immediately occupy the home, repair the home and sell it at a profit, or wait for repairs or remodeling to be completed before taking over the home as a resident. However, if your house is in disrepair, it could mean trouble for the buyer, who might spend large amounts on the repairs. These repairs don’t account for any necessary updates the home may need. If you are planning to sell your house as-is, the best way to make things easier for yourself is to remain flexible about the future of your home, including how much money you expect to receive from the proceeds of the sale.  

The Good and Bad Sides of Selling As-is

As will every option for buying and/or selling your home, selling your home as-is requires some thinking. It’s strongly recommended, always, to seek the assistance of a real estate agent, or another real estate professional. You may find another option that will fit your needs without having to do something as rash as immediately releasing your home to your lender, or to strangers.

The Good Side of Selling As-Is

  1. It can help the homeowner to save their credit – it’s often the case that an as-is sale occurs because the homeowner can’t afford to pay the monthly mortgage. Defaulting on your mortgage will leave a huge, ugly stain on your credit. Other circumstances, however, can also necessitate a quick sale of a home. The death of a homeowner without relatives who can’t or won’t take the home is also a common reason for a quick sale of a home. Whatever the reasons are, selling the house as-is gives them the chance to save the house before it’s foreclosed, or worse.
  2. It helps the seller avoid a lengthy sale process – Selling a home is tough, and part of what makes the process so long is preparing your home for sale. Selling a home as-is means that your home enters the market immediately, or close to it, and gives you the chance to see the profit from the sale sooner. if you don’t like processing papers then selling as-is can help you with that. This also gives you the chance to avoid too much expenses on repairs and puts your house in the market right away.
  3. Helps you get rid of bogus buyers – plenty of people will ask for information about any property that you might own, but only a few of them will follow up, unless you have a property in a popular area. In those cases, making a quick sale could be really, really quick. In a traditional sale, you’ll inevitably host a string of people who aren’t seriously interested, but getting around this stage of selling your home is possible when you sell your home as-is. Not only will you be able to skip the crowds of people in your home, you’ll also be able to more quickly find a serious buyer. Bear in mind that at least some of the interested parties will be real estate agents whose goal is to purchase a property, update and repair it, and sell the home for a higher price than they purchased the property from you.  

The Downside of Selling As-Is

While it sounds dreamy to sell your house the way it is, there are still some downsides to it. Knowing the disadvantages will prevent you from jumping into a sale that doesn’t fit your goals.

  1. Your house could sell for less than the Fair Market Value – particularly when dealing with private homeowners, it is difficult to receive anything close to your home’s actual value while selling your home as-is. The cost of repairs impact the value of your home, though, so remember that the goal of the new homeowner will be to make the home more saleable, or in some cases, more livable.  
  2. You will have few offers – Most buyers won’t want to purchase a home without knowing, for sure, what they’re getting into. This cuts down substantially on the number of buyers, but those who are still interested in your property will follow up with you, or with your real estate agent. This is one of the reasons that hiring a real estate agent is important when you’re selling your home, but even more important when you’re selling your home as-is: a real estate agent will know how to properly network and advertise your property to prospective buyers.

When to Sell As-is

So why should you consider selling your house as-is? Besides the obvious benefit of a quick sale, other considerations might make this the right move for you:

  • It could help you save money. You don’t have to stage your home so people can view your house. You don’t have to worry about exterior and interior repairs or updates if you sell your home as-is. Instead of investing in the home you no longer need, you can use that money for other important things.
  • Selling as-is can be done immediately, as long as the buyer is interested. Remember, you don’t need to wait for repairs or updates, and someone interested in purchasing your home, especially for cash, can be legally required to pay the whole amount immediately.
  • You can also sell to someone who has the cash at hand. Again, selling your home for cash means that you will be out of your difficult financial situation sooner than later. This also allows you to avoid any legal issues since the buyer is handling the property and all its liabilities.

Make sure that you have a conversation with a real estate professional before you go all-in with your as-is sale. There could be some things that you’ve missed, but a local real estate agent can help you.

Ricki Irwin
Ricki Irwin
00:06 24 May 19
This was so easy Casey was very helpful and kept in contact through the entire process thank you again for everything. Highly recommend this company.
Lela Leedham
Lela Leedham
03:08 22 Feb 19
Great experience working with Casey and Ryan. We would recommend them anytime. They are very knowledgeable and very professional.
Emily Binder
Emily Binder
21:16 18 Feb 19
Jennifer Gibbs
Jennifer Gibbs
19:58 18 Feb 19
A very impressive operation. Very professional and knowledgeable. They follow up when they say they will. Very helpful Team. If you're looking for a fast and fair cash offer on your home, these are the guys to call!
Mario Elizondo
Mario Elizondo
19:58 18 Feb 19
Very professional and a pleasure to work with.
Danny O'Bannon
Danny O'Bannon
19:53 18 Feb 19
I called 5 different companies from google trying to find a company that would pay the most for my rental and their offer was higher than the others. Extremely streamlined process. Easiest transaction I’ve done
Ross Greene
Ross Greene
18:04 17 Feb 19
Ryan & Casey were great to work with! Absolute pro's in the business. I would definitely recommend them. If only I could give them more than 5 stars. Hope to work with them again soon! Thanks guys!
Pam Dickerson
Pam Dickerson
23:53 15 Feb 19
Excellent customer service! Helped us through the entire process. Highly recommend!
steve Balsacker
steve Balsacker
19:35 14 Feb 19
Me and my wife had gone through a divorce and we wanted a quick way to get rid of our property so we could just move on with our lives, Thankfully Ryan came in and helped us out, I didn't have the time to deal with the headache of people coming in and out as well as all the repairs that were needed. He gave me top dollar for my home and I was out in 7 days!
jason almeida
jason almeida
16:52 14 Feb 19
We have seen their signs around town and thought it was a scam, we decided to give them a call and I couldn't have been happier with our experience. They were professional and knowledgable, they paid for all closing costs and even helped with our family move. Great guys and great company! Thanks again!
Peter Floratos
Peter Floratos
04:51 14 Feb 19
This team handles their business right. They are a pleasure to work with.
Tyler Hubbs
Tyler Hubbs
04:38 14 Feb 19
Ryan and Casey treated me with patience and respect during the whole transaction! Very trustworthy and explained each and every question I had!! I would highly recommend We Buy Any Vegas House!!
Dennis Ripley
Dennis Ripley
03:55 14 Feb 19
Very professional and very knowledgeable from start to finish. They went above and beyond to help me find what I was looking for. I would definitely recommend them.
Avraham Metal
Avraham Metal
01:58 14 Feb 19
As a Real Estate Agent I have sold properties to Casey and his Team. They are men of their word and have never let me down.
Dena Shapiro
Dena Shapiro
01:29 14 Feb 19
What an AWESOME experience!! Casey and Ryan are THE BOMB!! They either answer their phone ALWAYS or respond within minutes. They originally called to see if I wanted to sell but I wasn't interested in selling. However, my neighbor had to sell immediately so I referred them to her, she accepted their offer & they closed escrow within weeks. It would've been A LOT sooner but there were delaying issues on the seller side. Anyways, they got it closed & EVERYONE is happy!! Thank you so much Casey & Ryan :). YOU'RE THE BEST!!!
Ron Lorenzo Woods
Ron Lorenzo Woods
00:51 14 Feb 19
Great team with quick and professional service!
karina giraldo
karina giraldo
00:36 14 Feb 19
Knowledgeable, fair, and professional. I loved working with Casey. I did my research before selecting a company, and I’m so happy I went with them!
Cody Raynoha
Cody Raynoha
00:27 14 Feb 19
Casey runs a great company that's honest, easy to deal with, and is always fair. I'd absolutely work with him again!
Whitney Carter
Whitney Carter
21:42 08 Feb 19
Grateful to have worked with such a great company! Long story, short they really did help me through a tough time. No need to get into details, but this company really knows what they are doing. Thank you for all of your help with my home. Highly HIGHLY recommend!
Alan Giblin
Alan Giblin
23:01 07 Feb 19
I was shocked when I heard that We Buy Any Vegas House could sell my house so fast without any fees or charges at all. Thanks again guys!
Crosbey Proffitt
Crosbey Proffitt
22:48 07 Feb 19
I started off using a realtor thinking that I would be able to sell my home fast, but that wasn’t the case. I ended up reaching out to different companies and I ended up finding We Buy Any Vegas House. They were on it the second I reached out to them and were able to sell my home fast!
Investors
Investors
18:59 07 Feb 19
I have been in Real Estate for many years, it’s so refreshing to meet such professional, kind people to work with. We Buy Any Vegas House has great employees who are responsive and get things done quick. You can tell they have a true passion for what they do. If you are looking to work with a great team and you want to sell your house quick, I highly recommend this group!
Scott Henry
Scott Henry
18:53 07 Feb 19
We Buy Any Vegas House truly is one of the most reliable companies I have worked with. You can really tell that Casey and Ryan really care about what they do and really want to make you feel comfortable in the process. Thank you for all your guys help!
Ashlyn Mazur
Ashlyn Mazur
21:26 02 Nov 18
Most professional real estate company I've ever worked with! Would for sure recommend them!
Ashley Thompson
Ashley Thompson
18:59 02 Nov 18
I called 3 different companies and Casey was the most responsive. His offer was higher than the other ones as well. I really liked that they were a local company and everyone who helped me in the process was great to work with!
Katrine Baker
Katrine Baker
18:39 02 Nov 18
My mom and I had to move out of our house pretty quickly due to her martial differences. They were honest and extremely professional during the process and we are forever grateful to have worked with such a great company! Highly recommend!
Gregory Mitchell
Gregory Mitchell
00:26 01 Nov 18
Unfortunately, I never thought I would see myself having to get rid of my home, especially in a fast time frame. However, life happens, and I needed to sell my home quickly due to a death in the family. I reached out to 4 companies in Las Vegas, and We Buy Any Vegas House not only was the most efficient, but the friendliest, most reasonable, and compassionate. The other 3 companies did not even compare. Casey and Ryan have gone above and beyond to make sure that this worked for me. They truly care about you, which means a lot especially during a tough time. They put in the effort to care about the client first, as well as my family during this tough time. I am so grateful to have found them, and to top it off, they bought my house and put cash in my pocket in 7 days. Would recommend to all! Use this company, you can't go wrong! Thanks to Casey, Ryan and John!
Samantha Bonneville
Samantha Bonneville
00:23 01 Nov 18
We buy any houses is one of the most honest companies I have worked with. They are always upfront with issues of the houses, honest with fees And closings. We have not had a bad experience after 10+ Transactions
Alyssa Trent
Alyssa Trent
23:08 31 Oct 18
I worked with them to help my Mom sell her house and they were so amazing!! They explained to us exactly how everything worked step by step. I called them on a Monday and they got us cash by Thursday. Casey is such a genuine person.
Robert Johnson
Robert Johnson
22:10 31 Oct 18
After a tenant trashed my rental property, I was faced with the decision of remodeling or selling the property in its current state. I called Casey and he walked me through the entire process, start to finish. After factoring in the amount of time and money the remodel would take, it was clear that selling to them was the best decision for me. Within a week of my first contact with Casey and his team, we closed on the property and I had cash in hand. I'll definitely be reaching out to them in the future. THANKS!!!
Corey Trent
Corey Trent
02:33 31 Oct 18
I reached out to Casey and Ryan when I needed to sell my house. They were very professional and helped me through this tough time. They were able to buy my house and close fast. What a great team they are! I would recommend them to anyone. Thanks again!
John Washington
John Washington
02:24 31 Oct 18
As a very skeptical person I always believe that my best interest is not priority when dealing with people that want my business. I cannot name the countless times that I have been burned. After looking to sell my house for a cash offer, I was called by a lot of investors, most of which had very little customer service. Several didn't return call when they said they would and then when they finally called me back, they got anger when I decided not to use their Services. From day one Ryan not only treated me like is #1 customer but also treated my whole family like long time friends. I most also state that his offer wasn't even the highest. I took the lower off with him due to the fact that he help with crucial tax situations that I needed taken care before receiving them money so it wouldn't bit me in the butt later. He answered every call before and after the process was completed. 99% of others wouldn't have even answered a text once they got the money. Could I have made a couple of thousand dollars more with someone else? Sure, but the peace of mind in knowing that it was done the right way by someone who actually was professional and care was more than worth it. Ryan has made a customer and friend for life.
Green Girl
Green Girl
00:00 31 Oct 18
I was in a really tough spot because my Husband was in the Hospital and had passed away. I was completely unready for this and had discovered that there would be considerable expenses!  I had received several letters from companies interested in the property on an "as is" basis.  Most had never got back to me after I called them or were too low of offers.  I put an inquiry in their website and was immediately contacted by the Owner who was able to come the very next day!  The entire process was easy and professional.  Thank you We Buy Any Vegas House!
Mike
Mike
23:37 30 Oct 18
Casey and Ryan were so helpful! I was was a week from being Foreclosed and they were able to get me cash in my account in 5 days! And even let me rent back until I was able to find a new home!
Karl Workman
Karl Workman
21:03 30 Oct 18
This company was not only the most professional real estate company i've dealt with, but they're the most reliable and respond quicker than most companies i've ever dealt with. They were fast, professional, and knowledgable in all aspects of our deal. Would and plan to recommend them to all of my friends and family! 10/10.
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