What Does It Mean to Sell a Property As-Is?

In a traditional home sale, sellers usually work hand-and-hand with real estate agents to create online listings for their homes and find potential buyers. As part of most agreements and negotiations, sellers are expected to repair, clean, and clear out the property as necessary. But for many home sellers, there isn’t the time or budget to make repairs or preparations on the home.

Selling As-Is

For those without the funds or time needed to get their home in tip-top shape for selling, there is an option to sell as-is. In other words, there are opportunities to sell a home in its current condition. In most cases, the best way to sell a home as-is is to sell to a cash buyer. Many cash buyers are willing to purchase homes in disrepair for a discount so that they can turn them around for a profit.

Cash Buyers

A cash buyer is someone who pays for the entirety of a home “with cash.” Rather than get approval from a lender for a loan (or mortgage), cash buyers already have the funds necessary to pay for a home in full. There are a variety of different cash buyers out there. For example, there are private real estate investors and house flippers. Furthermore, there are home buying companies whose business model includes purchasing homes fast for cash. Or, there are even normal individuals with large savings accounts who are looking to buy a “fixer-upper” for a good deal.

How to Sell As-Is

If you are looking to sell your home as-is, your first step is to find a cash buyer who is willing to purchase your property in its current condition. To simplify the selling process, many sellers opt to work with home buying companies because of their expertise, experience, and ability to guarantee a smooth home-selling process. Once you reach out to your local home buying company, they will walk you through the next steps and should be able to close the deal within about a month.

Selling as-is can be an advantageous solution for many common real estate problems. It allows sellers to escape difficult situations with their property—like property damage thanks to fire, flooding, destructive tenants, or years of vacancy. Furthermore, selling as-is for cash tends to make the selling process faster so that sellers can move on from their unwanted property quickly.

If you are interested in selling as-is, click here to learn more about Clear Water Investing! We are a home buying company dedicated to making the selling process smooth and simple. 

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