What Does Selling A Home “As Is” Mean?
To sell a house “as-is” means you sell it just the way it is. There will be no additional work like repairs or cleaning made before closing and these terms are clarified in the purchase agreement. However, this doesn’t mean the seller can hide known defects from the purchaser that could make the home dangerous to live in. If flaws are obvious, such as cracks, broken stairs, or missing items, it isn’t necessary to disclose them. In other words, buyers should be able to see these defects when viewing the home for themselves. In contrast, if the problems aren’t visible and you are aware of them, you must disclose them to potential buyers. For example, if the basement floods, there are structural issues, the roof leaks, you have mold or asbestos, or you know of a significant plumbing or electrical problem, you must make these issues known.
What Kind of Houses Are We Looking for?
If you are one of the many home sellers who have a property that just needs some paint and a little TLC for the flooring to achieve the high list price you are dreaming of, you may be better to list your home on the multiple listing service (MLS). Potential buyers will be attracted to your home without a lot of work required to fix up your home. A traditional real estate transaction can be achieved by hiring an agent or going the for sale by owner route depending on your budget and time constraints.
But, if you have a more unique situation where your home needs significant repairs, that is MJS Properties’ specialty!
We purchase properties that need more work through private home sales just the way they are
Pros and Cons of Selling “As-Is”
Feel Confident in your choices with MJS Properties
When you invite Matt to view your property, you can be assured he will share his experience and knowledge. He knows the market and can discuss pricing for both as-is condition and after improvements have been made. You will get honest opinions about what is required to prepare the home to sell and the choices you have without judgement. If his offer isn’t what you are looking for, he is a great resource to discuss the alternatives available. It’s worth a conversation.