People have become increasingly interested in the possibility of selling a home as-is or, in other words, in its current condition. Selling as-is allows the seller to get rid of a problematic property and avoid having to make costly repairs. While it is possible to sell a home as-is through a traditional home listing and real estate agent, your best bet will be to sell to a cash buyer.
Who Is a Cash Buyer?
A cash buyer is a home buyer that purchases properties in their entirety “for cash.” But no, they don’t show up to your house with a briefcase full of greenbacks. Rather, a cash buyer circumvents the usual mortgage approval process by purchasing homes in full, either via bank transfer or a cashier’s check. These people or companies often buy homes for cash so that they can get a discount on the home before repairing it and turning it around for a profit.
Which Cash Buyers Buy As-Is?
Most cash buyers—house flippers, private investors, or even independent buyers—are willing to purchase homes as-is. However, these cash buyers may be a little bit more picky about what conditions they are willing to put up with. On the other hand, home buying companies are often willing to buy homes in literally any condition. So, if your home has been damaged by flooding or a fire, has been trashed by tenants, or has been vacant for years, a home buying company will likely take it.
What Does the Seller Have to Do?
The biggest thing that you have to do when selling a home as-is is to find the right cash buyer. If you are planning to work with a home buying company, this step is as easy as researching local home buyers in your area. Read reviews and contact the company if you have questions or are ready to get a cash offer on your home. Just be sure to always be open and honest about the home’s condition.
Selling a home in subpar condition doesn’t have to be a nightmare. There are several different options when it comes to selling a home as-is, so don’t feel trapped in your real estate crisis. And don’t forget that selling as-is isn’t only beneficial for those with major property damage—people with homes in decent shape still enjoy selling as-is for cash merely to simplify the selling process!
Interested in selling your home as-is? Then click here to contact Bob Buys Houses, a reputable home buying company in the Salt Lake City area!