When talking real estate, many often wonder, “What does it mean when you sell a house as it?” Well, it’s much like it sounds. No repairs are made by the seller, cash is usually offered by the buyer and the sale closes quickly. Selling a house as is can be a fast and economical option for many. Here, we’ve outlined some of the most common questions and things to consider if you want to sell your house as is.
What to Consider When Selling Your House As Is
There are good and bad companies that will buy your house as is and you should do your homework before making a deal. Verify that the information on their website matches that posted with the Better Business Bureau. Legitimate ‘we buy houses’ companies will ask to see the property before making a final offer.
What to Consider When Buying a House As Is
If you are interested in buying a house as is, make sure you see the property prior to making a final offer to make sure you’ll be able to cover the costs of any repairs and upgrades. Do your due diligence by consulting with an attorney and knowing your rights and responsibilities.
Who is Responsible for Removal of Unwanted Items?
This will depend on the purchase agreement. Some buyers will allow you to leave unwanted items when selling a house as is. Make sure you clarify this with the buyer prior to leaving the items in the house.
Who is Responsible for Repairs?
When selling a house as is for cash, the buyer is typically responsible for any repairs needed. These cash buyers expect to do the repairs themselves because they know that extensive repairs are a common motive to sell a house fast for cash. Sellers don’t want the hassle of making the home ready for a traditional buyer, so the cash option is often the best route.
Who is Responsible for Inspections?
The fact that you are selling a house as is eliminates the need for a home inspection altogether. The cost of repairs will be factored into the offer because the buyer will be doing them, not you. No inspections are a great perk of selling a house for cash.
What is the Fastest Way to Sell a House As Is?
Using a cash investor is usually the fastest way to sell a house as is. They will discuss various purchasing options and then make a cash offer. The sale usually closes within just a few days if the offer is accepted.
Who Will Buy a House As Is?
If you are trying to sell a house as is, you will most likely be selling to real estate investors. They are willing to buy a house as is for cash because they plan on making a profit on the sale in the future. These house “flippers” know how to make affordable upgrades and repairs that most homeowners don’t have access to.
These topics are what lies behind the ‘sell a house as is’ meaning. For more information on how to sell your house as is, call 800-Buy-Kwik today! We buy houses for cash in any condition.