When people say that they are selling a home as-is, they mean that they are selling their home in its present condition. This is significant given that, in most traditional home sales, the seller is often expected to make any necessary repairs or renovations on the property. As you may expect, these repairs can be costly and time-consuming. So, if you are looking to sell your home while avoiding having to make these expensive, time-consuming repairs, keep reading!
Selling to a Home Buying Company
There are many companies out there that are willing to purchase a home as-is. But you are probably wondering, why? These companies are called home buying companies. Their business model includes purchasing homes as-is for cash, and then fixing these homes and selling them for a profit. Because they are looking to make a profit and take care of the repairs themselves, they purchase the home at a slight discount. While selling at a discount isn’t right for every seller, it can be advantageous for those who don’t want to have to worry about making all the repairs themselves.
How the Process Works
When you first contact a home buying company, the company will perform a brief assessment of the home. In this assessment, they will evaluate the extent of any damage and compare the value of the home to similar ones in your area. With this information, they will then calculate a fair cash deal—which you can either accept or not. Upon accepting the deal, the closing process goes really quickly and you can receive your cash in as little as seven days.
What the Perks Are
As mentioned before, selling a home as-is at a slight discount is a great option for those who don’t want to (or can’t) pay for repairs on their home before selling. Furthermore, if you need to move out quickly and don’t have time to wait around for renovations to get done, selling as-is for cash will ensure a quick selling process. If you are worried about the state of your home deterring home buyers from buying, don’t fret! Most home buying companies are willing to purchase just about any home in any condition.
If you are feeling convinced that selling as-is is the right option for you, start the selling process today by contacting your local home buying company. The company will walk you through the entire process and help you make an informed decision. You will be able to move out of your home fast, no matter its condition!
Don’t want to worry about making costly repairs on your home? Click here to get your free, no-obligations cash offer from Midwest Homebuyers so you can move out fast!