When it comes to the American dream, the biggest part of it is still owning a home. Despite this, there are many circumstances where you have to sell a house instead, such as upgrading to a bigger one or just getting some cash in hand. Whatever the reason, you might need to sell some property you currently own. There’s always the traditional route of going through a real estate agent, but you can also sell it as-is.
Curious about the pros are that come with this option? Then here are 7 benefits you can get from selling a house as-is.
1. You’ll Get Cash Fast
One of the biggest benefits of selling a house as-is is that you’ll get cash in hand fast.
It can take anywhere between 7 to over 60 days to close on a house. But on average, it takes 45 days. It might not seem like that long, but when you’re going through the entire process step by step, it can seem like forever, especially if you’re short on money.
Now compare that to selling your house as-is. It’s a lightning-fast process that can take as little as a few days to finalize!
This means that if you’re strapped for cash, you can get a sizable sum in your bank account within the week, which can be a huge lifesaver. All you’ll have to do is wait for a check from the title company after closing!
2. You Won’t Have to Make Repairs
The beauty of selling a house as-is is that you won’t have to make repairs to the house. So if it’s not in good standing, you won’t have to worry! Whether your home just needs a new coat of paint or it needs to be completely rewired, nothing will be your responsibility.
Selling to a real estate investor means they’ll take those repairs upon themselves so they can flip the house for a profit later. So you won’t have to worry about getting everything in working order before you sell your home. Selling as-is means the buyer will accept the property how it’s like now, without you having to stress about beautifying or repairing anything.
Do note that you do still have to disclose all material defects. This includes things like appliances that don’t work, plumbing leaks, or even termite damage.
3. It’s Less Work to Sell
Because you won’t have to make repairs, that’s a huge chunk of work gone, especially if your house isn’t in the best condition. But that’s not all!
Since an investor will buy your home as-is, you won’t have to go through the trouble of moving things out, deep cleaning, and staging your house to make it attractive to buyers. In addition, you eliminate the need to plan for open houses, which can take a lot of effort as well.
4. There Are Fewer Expenses
You might’ve already guessed this, but selling your home as-is will incur far fewer expenses than going the traditional route. You won’t have to shell out cash for renovations and repairs, nor will you have to spend money on cleaning or staging.
Also, you won’t have to hire a real estate agent, whose services can be quite pricey. Add up everything, and you’ll save a significant amount of money in the home selling process.
5. You Won’t Have to Pay Closing Costs
In a traditional setting, the sellers are responsible for closing costs. These are various fees and charges that are directly related to closing.
Some closing fees charged include the real estate agent’s commission, both the seller’s and the buyer’s. As you can imagine, all this can really add up. In fact, it can amount to up to 6% of the total purchase price!
But real estate investors will usually cover these costs for you. So whatever you sell the house to them for, that’s the amount you’ll get.
6. It’s Easy for Estate Sales
Let’s say you’ve inherited a house from your recently deceased relative. The only problem is, you share ownership with your siblings as well.
Chances are, none of you really have the time to handle selling property. When you sell directly to an investor, there’s a lower chance for disputes since no one has to put any effort in.
Once the house has sold quickly, you can then divide the proceeds equally among everyone. You won’t have to deal with petty family squabbles.
7. There Will Be No Delays
When selling to individuals, they usually don’t have the upfront cash to fund the entire purchase. They have to apply for a mortgage and if they aren’t successful, they won’t be able to close on your house.
Now imagine this happening repeatedly with multiple interested buyers. Each time you think you’re about to close and get money in your pocket, you’ll have to start all over again.
When you work with a real estate investor, there will be practically no chances of delay. They have the money needed for the purchase, which means they won’t have to apply and be approved for a mortgage.
Reap the Benefits From Selling a House as-Is
As you can see, selling a house as-is comes with so many benefits. Not only can you get cash in hand quickly, but there’s also much less work involved than selling it traditionally.
So if you’re in a bind and don’t want to deal with the long process of selling property, selling it as-is can be a fantastic choice. Save yourself a headache and get money fast too!
Would you like to sell a house as-is in Central Arkansas? Then get in touch with us now if it’s time to sell a home for you. We can give you a free no-obligation offer!