So, are you thinking of selling your house as-is?
Actually, let me rephrase that. Are you confused about selling your house as-is?
If your answer is in the affirmative, then you are at the right place.
In this article, we shall explore what it means to sell a house as-is and the associated benefits and drawbacks. Lastly, we’ll touch on the subject of a foreclosed house and a real estate investor.
Is Selling the House As-Is Good for You?
Selling a house as-is simply means that the house is a mess, and you have no interest in cleaning that mess up.
Alright, enough with the analogies.
Technically speaking, as-is means that the property won’t undergo any sort of renovations or repairs. What you see is what you’ll get.
Surely, investing in renovation can increase the value of the property. But if it’s time that’s at stake and you’re looking for an easy way out, selling the property as-is might just be the best option.
So, whether it’s right for you or not depends upon your circumstances. But you still don’t mind taking a look at the general benefits and drawbacks of doing so, right?
Benefits
Any kind of renovation work you might start is going to cost you both time and money.
So, the obvious benefits are related to time and money.
It’s a time saver because you can quickly move out, and you also won’t have to spend hefty amounts on improvements.
And to give you an idea of how much money you’d save, consider the fact that the cost of renovating a master bathroom is about 14,000 U. S. dollars!
Drawbacks
Fine, you’re saving money by selling your house as-is. But you’re also losing some profit because of the low market value.
Why the low-market value?
Well, your house is a fixer-upper that attracts real estate investors, house flippers, or maybe some adventurous young couple.
And what do they all have in common? They are all looking for a house below market value.
What If Your House Is Foreclosed?
Foreclosure is every house owner’s dreaded nightmare. If you’re nearing foreclosure, selling the house as-is can be a lifesaver!
Since the properties nearing foreclosure are too hot to handle, you’ll need to contact a real estate investor. They’d buy the property, and you’ll get the much-needed cash to pay off your mortgage payments and fines.
Make sure to do it before the foreclosure. Because once it strikes, your house is either sold on auction or in possession of the bank.
Conclusion
Selling a house is, no doubt, a tedious task.
And if you don’t want to complicate it further, don’t add the burden of renovations and makeovers. Instead, sell your house as-is to a real estate investor and save both your precious time and money!
