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Are you looking to sell your house and move on to a better location? We understand the urge to move on, especially if you’ve been stuck in one place for quite a while now.
Getting a new job, starting a new relationship, and completing your education are all things that can motivate you to complete your home sale and move to a new location.
Are you wondering how the process of selling a house works? Sometimes turning to a professional to help sell your home is the best choice to make. In this article, learn more about how the process works and see if this is the right option for you. Read on to find out!
Knowing What Selling a House as is Means
Selling a house “as is” means selling a house fast without making any repairs or resolving any issues that have been identified. This type of sale comes with a disclosure statement that clearly identifies any known material defects in the property.
When a house is sold as is, the buyer must inspect the property before they buy. The buyer is responsible for all costs associated with repairs and any needed work on the property.
Additionally, when the sale is for an as-is property, the seller is released from any promises or guarantees that may have been made in the event a buyer later finds problems or issues with the property.
Selling a house as is can be a great option for those who are short on time and cash or want to get out of their current home fast. It may also provide a more competitive price than if the seller were to make repairs.
Setting a Reasonable Selling Price
When selling a house as is, setting a reasonable selling price is critical for a successful sale. Becoming knowledgeable about the real estate market in the area is the starting point.
Research comparable sales for information like size, location, and condition of houses that have recently sold. This gives an idea of appropriate prices for the area. A professional realtor can also provide invaluable information.
Dealing with a Buyer
When a seller decides to sell a house as is, they may choose to list it on the real estate markets that buy houses here or look for a private buyer. In both cases, the seller needs to be upfront about the condition of the house and any defects or maintenance that needs to be undertaken.
The seller should factor in potential repairs and maintenance into the sale price so that it can be clearly seen in comparison to the market. When a buyer expresses interest, the seller should make them fully aware of the condition of the house and download any contracts or reports that give detailed information about what needs to be done. The seller also needs to be aware of any legal requirements or processes that need to be followed to complete the sale.
Contact a Professional Today!
The process of selling a house as it is can be confusing and complex. Although there may be more paperwork, a seller is responsible for, selling a house as is can be a great alternative for a seller who is short on time and money.
If you’re thinking of selling a house as is, be sure to contact a real estate agent today! If you find this article helpful, check out more of our blogs!