The Nest

NestApple's Real Estate Blog

Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.

Is It Worth It To Sell Your House As-Is?

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When looking to sell your house, it can feel overwhelming what you have to do to get the property in pristine and show-ready condition. It includes doing repairs, remodels, and renovations that can cost thousands of dollars. You need to sell your house to save time and money. Instead of spending more money on your home before selling it, why not consider another hassle-free option. Not to mention very quickly, and that is to sell it as-is. It is not necessarily bad or good. But it does come with potential upsides and downsides. But is selling your property ‘as-is’ a good idea? Is selling your house as-is feel like the right choice for you?

Sell Your House As-Is

Businessmen give money with blurred home background, cash for a home concept.

This article will discuss the benefits of choosing this selling method and why it’s worth it.

  1. The Money Will All Be Yours

Selling your home as-is means you no longer have to employ and pay for the services of a real estate agent. In addition to that, also, it will waive the closing costs.

Some real estate agencies demand a small fee for a successful sale.

Cash buyers won’t charge you a fee for the sale. Once both parties have agreed on the selling price, the only thing you have to pay is the amount you still owe to your mortgage company.

  1. Saves You Time

One of the best things about selling your house as-is is that you don’t have to wait for months just for the repairs to be finished. And then wait another couple of weeks or months to find a buyer. You no longer have to ask, “how long does it take to sell a house?”

A cash buyer will pay you in full directly. Therefore, the closing process of the sale will also speed up, saving both parties time while making the overall selling process more convenient.

  1. No More Repairs when Selling Your House As-Is

Making a random house look appealing is pretty expensive.

You need to pay thousands of dollars to make significant improvements. You can do this if you have money. However, what if you don’t have the finances to fund these repairs and renovations? Are you willing to put yourself into debt to fix your property? It’s not worth it.

Buyer Handing Over Cash for House with Home and For Sale Real Estate Sign Behind.

On the other hand, selling your house as-is doesn’t require you to do any repairs, saving you some bucks.

If your home needs a new roof, floor, or other expenses you can’t afford, it’s not yours to worry about anymore as long as you sell it directly to cash buyers.

Cash buyers will be the ones to conduct the repairs themselves. Since you no longer have to do these repairs, you can immediately proceed to the selling process and closing.

  1. You Can Still Negotiate The Price

Many home sellers are afraid to sell their properties in as-is condition because they might receive a low-ball offer from cash buyers. It is false because cash home-buying companies are always open to negotiations.

These people are not trying to get their hands on your home and rob it from you; they are also looking to provide a fair, favorable offer for you and them.

Cash buying companies have a reputation to maintain and are devoted to providing honest and quality service to sellers. They are willing to negotiate the price to satisfy their sellers to maintain their reputation.

  1. No More Additional Stress

If you’re in a situation where you can’t deal with additional stress anymore, then selling your home as-is is a good idea. For example, you may be in poor health right now and don’t want to add to your burden or problems when selling a house the traditional way.

It is also ideal, especially if you’re looking for immediate finances to get the needed treatment.

Selling your property as-is can give you a good way out if you’re in a horrible financial situation. You don’t have to worry about anything because the cash buyer will handle all the closing paperwork.

Conclusion about Selling Your House As-Is

Is selling your property in the as-is condition a good idea? The answer is yes, especially if you need quick money or want to get your home out of your hands because you’re moving to another city.

The selling process will be highly convenient since the transaction is effortless, and you don’t have to worry about making repairs or remodeling your house.

Lastly, since the sale can be closed in just a couple of days, you’ll have the total amount of money right when you need it.

Written By: Georges Benoliel

Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.

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