Should I Sell “As Is” or Make the Repairs?

If you’re stressed about making repairs to your home before you put it on the market because of lack of time, money or resources you may be tempted to sell your house “as is”. Before you do, here’s what you should know:

What Does An “As-Is” Sale Really Mean? 

Selling “as is” means you aren’t going to make any repairs before the sale, and you won’t be negotiating to fix anything after the buyer’s inspection. This tells potential buyers – what you see is what you get. If you’re looking to sell, but money or time is tight, selling your home “as is” can be a relief.

There is much less you’ll have to worry about. There are however, a few trade-offs that you’ll need to be willing to make: Usually, a home that has been updated sells for more because buyers are more willing to pay a premium for something that’s ready to move-in. That’s why you may find that some buyers won’t look at your house if you sell it in its current condition. Less interest could mean fewer offers, and the home taking longer to sell. When it does sell it will be for a lower price. So, while it may be easier for you, the final sale price might be less than you’d get if you invested in repairs and upgrades.

That doesn’t mean your house won’t sell – it just means it may not sell for as much as it would if it were in top condition. There is good news though- In today’s market, many buyers are willing to buy a home that needs some work. After all, affordability is still a challenge. While there are more homes for sale right now, inventory is still lower than usual. So, you may find there are a few more buyers who may be willing to take on the work themselves.

How Can We Help?

How do you know you are making the right decision for your move? The key is working with an expert at Logical Choice Realty Group. We will help you weigh your options by showing you what comparable homes in your area have sold for, what updates your neighbors are making, and guide you in setting a fair price no matter if you decide to make repairs or not. We can help you anticipate what your house may sell for either way. That can be a key factor in your decision to repair/update or not. Once you’ve made your decision and the asking price is set, we will market your house to maximize its potential and appeal. If you decide to sell “as-is”, we will point out your home’s best features, like the location, size, and more, so it’s easy for buyers to see the potential, not just projects that are needed. Selling a home without making repairs is possible in today’s market, but it does have some trade-offs. Make sure you consider all your options so you can make the best decision.