When you total up the costs of updates and repairs, you decide to sell the house as is. In the absence of money or time, you would rather just collect a decent amount and move on.
Now, you might be asking, “How do I sell my house as-is in Phoenix, AZ?” Read on to learn how to sell your property minus the headaches that usually come with it.
The Meaning of “As Is” in Real Estate
A buyer who purchases a property as-is buys it in its current condition. If an inspection report indicates that repairs are needed, then the seller may not make them. In knowing the condition of the home, the buyer is willingly purchasing it in its present state.
An “as is” label, particularly on an open market sale, does not mean you are exempt from sharing making property disclosures about your Phoenix home with buyers. Expectations may need to be tempered a bit.
However, if you do it right, selling as-is can still be a viable strategy. Selling as-is may be your best option if you own a home that needs several repairs and don’t have the funds, or simply do not have the time or desire to remodel the house.
What to Do When You Sell a House As-Is
Here are some things you need to do during an as-is sale.
In Arizona, you must disclose important facts that could negatively affect the value of the property. If it is proved that you failed to disclose something to which you were fully aware, you can be held liable. A written disclosure statement is the most common way to disclose this information.
Label your listing “as is”
Inspect your house before putting it up for sale
How to Sell Your Home As-Is
Selling as-is may seem to work the same every time. There actually two main ways to proceed: request a cash offer or sell as-is with an agent. Here’s how they work.
Requesting a cash offer
A cash buyer, which can be a company that buys houses, an investor, or a flipper, is well used to buying homes as is—at least, compared with traditional buyers. You’ll need to go to them rather than the other way around since most cash buyers prefer to purchase homes off-market. Buying a home with cash doesn’t require a lender, so the buyer can act more quickly and nimbly than someone who requires financing.
Selling as-is with an agent
Perhaps your house doesn’t need to be torn down and you’re willing to check out the open market to see what kind of deal you can get. In that case, you should list your home for sale—ideally with a pre-listing inspection and disclosures—at a fair price and limit your work on it.
If you’re selling a house as is, it is critical that you work with an experienced real estate agent who can protect you from unscrupulous buyers and take a hard stance in negotiations. Agents in these situations must do a lot of research, checking out the buyers’ reputations, looking for ways the buyers might try to renegotiate and squashing those attempts, and helping you make the right decision.
We Buy Houses for Cash in Phoenix, AZ
We at United Home Offer are a trusted cash home buyer in Phoenix, Arizona. With our process, you don’t have to deal with any of the headaches that come with selling your house the old-fashioned way.
Let us know about your no longer wanted house or property that you want to sell here on our site or by phone. We will contact you right away to schedule a quick appointment. A fair, written, no-obligation cash offer will be made to you on your house or property. We will close the deal, and we will cover all inspection and closing fees.
Get a fair cash offer on your property today with no obligations! Call us at (214) 817-4224.