The downside of listing your home “as-is”

You are ready to move. You have already picked out your new house, the movers are scheduled, and you don't want to spend any time - or money - on fixing up the house you are selling. You just want to be done with it. So just list it "as-is", right? Let the new buyers choose the carpet they want, paint the walls whatever color they choose, and remodel the kitchen to their liking. All of those items may cost you $30,000 and you can just reduce the price by $30K and let the new buyer pick what they want. And you don't have to mess with it, right? Sure, you can do that, but you are going to … Continue reading...

I want to sell my house as-is

I sometimes have sellers who don't want to make repairs or updates and prefer to sell their home "as-is". As a home seller, that is certainly an option, but be prepared to take a major price beating when you sell as-is. Why? To understand why sellers usually end up selling an as-is home at a drastic price reduction, it is important to first understand most home buyers. There are basically two types of buyers who purchase "as-is" homes: The Fixer-Upper - This is a buyer who wants a good deal on a home they plan to renovate and then live in for a period of time, hopefully turning their hard … Continue reading...