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4 Benefits of Selling Your Home “As Is”

a for sale sign in front of a homeSo, you and your family have moved into your new home, and now you have your old house just sitting there, waiting for its next owner. Should you hire a contractor to start sprucing it up for sale? Does it need a lot of repairs and renovations to make it ready for a sale?

Maybe it’s better to sell it as it is, but you’re not sure what that entails. Selling your home in its current condition can help you avoid having to deal with multiple parties, Homestead Road explains. Here’s a look at more benefits of letting go of your home “as is”.

1. Personal Cost Savings

Does your home have a termite problem? A weak staircase? Or a wet basement? Having these repaired or renovated can cost you more money than you expect. Selling it as is frees you from these financial obligations.

2. Reduced Stress from a Sale

Selling a home is a process. There are renovations, possible repairs, lawyers, and realtors you’ll have to deal with. That’s a lot of legwork and paperwork to take care of and a lot of your time taken away.

3. Immediate Financial Relief

Selling as is gets the funds transferred faster from the buyer to you. If you’re in a financial dilemma, going through the repair-and-sell process may not cut it. Your immediate financial needs can be met but don’t expect to get its market value.

4. Easier Estate Sale

If you and your siblings inherited a house, the easiest way to divide it is by selling it and distributing the proceeds amongs yourselves. If everyone agrees to this kind of arrangement, money can be easily dispersed.

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Now, just because there’s an option of selling your house to companies who buy them as is, doesn’t mean you don’t have to do anything. You need to come up with a fair asking price and declare all the issues the property may have. If you still have questions about selling your home as is, you can always seek the advice of a professional.

  • Posted on April 10, 2018