Wondering how much you can get if you sell your house AS-IS?
Selling your house as-is can be a great option for people who would have a hard time passing a home inspection. You don’t have to work very hard to clean or prepare for selling, plus forget about getting the house repaired. If you need to move right away and don’t have any time to waste, selling it as it is might be the path forward. However, you might be wondering how much you can get if you do this. Here’s our take on the subject.
Earning money by selling your house as-is
One con of selling the house in its original condition is that you tend to get slightly less profit. This means that you’ll probably be earning less than the amount you might have gotten if the house had been repaired. One thing that people forget is that the method of selling matters a great deal in this. Often, you can get a decent amount of money if you use the right technique to sell it. Let’s look at four ways you can sell houses as-is and which gets you the greatest profit.
Home auction companies set up an auction for your house without you having to meet any specific requirements. Before the auction begins, you can set a very low price known as a reserve that is around 10%- 15% lower than the actual market value. This will be the lowest accepted bid that you can get for the property. This way it’s easier to earn more than expected.
For Sale by Owner
A great choice of selling the house as-is is by taking it into your own hands. When you sell the house yourself, you will not need to pay for a sales agent, which will greatly increase the profit. However, it’s important to keep in mind that you will have to do all the work yourself, even if you earn more money this way. The entire project, from getting a home warranty to negotiation, will only cost you around $2000, unlike if you had to pay for an agent, which could be upwards of 6% of the total sale.
Hiring a real estate agent
When you hire a real estate agent, it uses up a lot more money than you can imagine. However, spending a couple of thousand dollars on repair would still cost you lower than this. Besides this, when you hire a real estate agent, they will negotiate repairs with you either way. Although some buyers might feel comfortable buying it without you putting in a ton of work, there might be others who will want immediate changes, which can down your profits to a huge extent.
A quick cash offer company
The best option for you if you need to leave immediately is to make use of a quick cash offer company like ours. Blue Badger Home Buyers will buy the house from you at a great price and fix the house themselves. After this, they will sell the house at a profit. You will not have to make any repairs yourself and still secure an amazing deal from a cash home buying company.