Can I Sell My House As Is? A How-to Guide
According to financial experts, you should set aside 1% of your home’s value each year for home maintenance costs. That means that if your home is worth $300,000, you should set aside $3,000 per year.
Not everyone does this, though. If you have a home that hasn’t seen any maintenance in years, you could easily be facing maintenance costs that require you to pay tens of thousands of dollars out of pocket.
If you don’t have the cash to make the necessary repairs, you’re left asking, can I sell my house as-is? This would allow you to save on making the repairs and relieving you of this real estate burden.
Benefits of Selling As-Is for Cash
The most significant benefit you’ll experience is that you won’t have to make the necessary repairs. This means that you can still sell your home for cash despite not being able to afford the repairs.
When you sell for cash, you also get the added benefit of having an immediate injection of cash. This can help you if you’re in financial distress. Selling for cash means you can close in as little as seven days. This is significantly faster than a traditional sale that can take weeks.
When you close on your cash sale, you’ll notice a third benefit, reduced costs and fees. With a fast cash sale, you won’t have to pay for an inspection. You also won’t have to pay any commission fees or closing costs. This means that more money goes into your pocket.
How to Sell Your House As-Is for Cash
The first step in selling your home for cash is to contact a buyer. You’ll want to look for buyers that are investors that specialize in buying houses for cash. This will ensure they have the financial resources to make a fair cash offer and close without having to secure financing.
Tell Them About Your Home
Start by telling the buyer about your home. You’ll fill out a quick and easy form that asks you questions about your home. Remember to be honest about its condition. Don’t worry about your home getting disqualified because of its condition.
Cash buyers will buy your home despite it needing extensive cleanup or repairs.
Get an Offer
The buyer will then contact you to schedule a quick tour of the home. This will enable them to see the condition of the house for themselves and create an accurate cash offer. Unlike a traditional property sale, you won’t need to schedule an inspection or property value assessment.
You can expect the buyer to send you their cash offer in writing. There’s no obligation to sell, and you can take your time deciding.
Accept and Close
If the cash offer is acceptable to you, then all you need to do is accept. The buyer will then move forward with preparing the necessary documents and making arrangements for the sale.
You can choose your closing date based on your timeline. If you need a speedy sale you can close in as little as seven days.
A reputable seller will install confidence by arranging for your closing to take place at a reputable title company. After signing all of the documents, you’ll leave with your cash in hand.
Let Us Buy Your Home Today
Are you ready to say yes to the question, should I sell my house as-is? If it needs more repairs and maintenance than you can afford, then it’s time to consider selling for cash. Instead of trying to go the traditional route, consider selling your home for cash. This will allow you to get the most for your home while keeping your costs down.
Start the process today by filling out our quick and easy contact form.