Listing the House for Sale As-Is
Unfortunately, in this Covid-19 economy, we may see many homeowners in trouble financially, meeting their mortgage obligations. They may want to sell, but they have fallen behind with maintenance. The house may require a lot of money to correct conditions that any competent inspector would reveal. Most realtors would caution against listing the house for sale as-is.
Listing the House for Sale As-Is
Realtor.com says, “Technically when a real estate agent lists a house to sell as-is, it means the homeowner is selling the home in its current condition and will make no repairs or improvements before the sale (or negotiate with the buyer for any credits to fund these fix-its).”
To a potential buyer, a listing that says “as-is,” means the current sellers aren’t willing to pretty up a home before selling it. They just want to sell the real estate and move on. It, also means that the buyer of this house inherits any problems a home may have, too.
Beware of As-Is Sales
“Buyers who don’t have the cash or skills to make significant repairs should beware of as-is sales,” David Tamny, owner of Professional Property Inspection, says.
“Once you buy that house,” he says, “it’s yours, and you’re pretty much stuck with whatever decision you made, so you really need to be very educated and thorough about what you’re doing. It’s a minefield for the unsophisticated buyer.”
Some buyers walk away from an as-is sale after they receive the inspection report because they’re dismayed by the condition of the house or can’t afford the repairs.
At Terra Firma Property Solutions, LLC, we welcome your calls to look at properties that you are listing the house for sale as-is, or you think because of a variety of issues that the house may be a difficult sale. We know the market, and we know how to make the process go as quickly and efficiently as possible. We’ll handle all the details no matter how ugly or run down the house may be.
How do you determine your offer price?
First, we look at what comparable houses are selling for in your neighborhood. Then we will factor in the cost of repairs. Finally, we will factor in our profit margin and make you an offer on our visit. There is no obligation. We can close in less than a week or a date of your choosing. There are never any costs or fees.
Ask for FREE information about How to Sell Your House Fast.
Terra Firma Property Solutions, LLC, is a professional, full-service real estate solutions firm.
We buy and sell properties throughout the greater Kansas City area. We specialize in buying distressed homes, then renovating and reselling them to home buyers and landlords. Terra Firma Property Solutions: excited to be part of the economic rejuvenation of Kansas City and its surrounding areas.
Call us today at (816) 866.0566
