“How do I sell my house fast in Phoenix?”
If you want to sell a home as-is in Phoenix, AZ, you’re in luck! The market is definitely in your favor, but there are a few things you need to know about how to turn a profit on a sale as-is. It’s a lot easier than you think, but will require a certain amount of know-how to get the ball rolling.
Below, we compiled a few tips you need to remember about selling as-is. Before you start looking for your next customer, make sure you read on to find out more!
What does selling “as-is” mean?
Selling a property as-is means to sell it in the current condition it’s in. If the buyer and seller both understand that certain repairs need to be made on the property for example, the buyer will usually be okay with purchasing the property as-is even with certain issues it has in place.
However, if you’re planning to sell as-is, we still recommend disclosing each and every issue with the property to any potential buyer interested in it. Not only will you be able to avoid legal trouble this way, but being honest will definitely up your credibility as a seller, especially if you want to sell online.
Consider fixer-uppers
When wanting to sell a property as-is, you might want to approach fixer-uppers first. These individuals are a gem in the real estate business considering their standards for purchasing homes.
Much like interior designers and architects, fixer-uppers have an eye for improvement. They specifically look for properties with defects or issues that they themselves can fix. They usually do this to either customize a home for themselves or put it back on the market as a house flipper.
While entertaining a fixer-upper, try to ask them what improvements they plan to make on the home so they can visualize how their process will turn out to be.
Take steps to protect yourself
Even though the Arizona Court of Appeals recognizes as-is property purchases as legal, there are still a few things you need to know about protecting yourself legally. Read on below:
- Check for defects! Try talking to insiders, property managers, and other maintenance personnel to unearth all property defects. This is so you can disclose them in full to your buyer.
- Patent or latent defects should be disclosed to the buyer in full.
- Even if you’re in doubt of a defect existing, disclose it nonetheless.
- Tort and contract liabilities should be disclosed to the buyer as well.
- Buyers have the right to inspect all parts of the property, including parts that may seem inaccessible upon first glance. This is for preparing and administering inspection-contingency or free-look clauses.
You can sell as-is with an agent
Just like with any other real estate transaction, you might be faced with unscrupulous buyers or clients who are intentionally trying to lowball you because of the fact that your property has defects or issues.
How can you avoid this? An easy way to do so is to enlist the expertise of a real estate agent. They can check buyers’ reputations for you and take over the negotiation process entirely so you won’t be in danger of getting scammed.
Find out which repair expenses are needed
Here are some crucial repair areas to consider:
- Wall and ceiling holes
- Stained carpeting
- Appliances and HVAC systems
- Leaky plumbing
- Chipped paint
- Roof repairs
- Light fixtures and ceiling fans
Repairs are entirely optional when selling as-is, but they can significantly increase the value of your property if you decide to get them done. Repairs can be one less thing your buyer can worry about too, and they will appreciate the initiative on your end to ensure that all repairs are taken care of.
Need to learn more?
Consult with us at United Home Offer! We buy houses in Phoenix, AZ and offer the highest cash offers you can possibly find.
With 744 offers made, 413 houses bought, and 100% customer satisfaction, you know you’re in good hands with United Home Offer. Visit our homepage and fill out our easy form to get your offer as soon as possible. We’re excited to do business with you!
