If you’re thinking of selling a home As Is, you need to understand the advantages and disadvantages of that decision. When you advertise your home for sale “As-Is”, this means that you are telling buyers that when they purchase the home, you aren’t going to agree to any repairs or credits after the home inspection.
Selling a home As Is in Northern Virginia – Pros and Cons
If your property has a lot of deferred maintenance issues, is outdated, and overall just needs some work, selling a home As Is can be a good strategic decision. The main benefit, of course, is that you won’t have to spend valuable time and money on repairs. However, it’s important to understand that you’ll generally get a lower sales price on your property as a result.
In a regular sale, a homebuyer agrees on a sales price with a seller that is based on their visual impression of the home after they tour it. The buyer understands that after their home inspection, they can negotiate to have the seller repair certain issues that come up during the inspection, which often makes them feel more comfortable with paying a higher price on the home.
When selling a home As Is, it can be tempting to take comfort in the fact that savvy buyer won’t be able to get you to get you to part with more money after the home inspection. However, there are also disadvantages to consider…
Read Part 2 in this blog series on selling a home As Is.
Are you trying to decide on what home improvements and repairs to take care of before you sell your Northern Virginia home? Call me at 703-462-0700 or email me at DarrenRobertsonHomes@gmail.com. I work with a lot of clients who fix and flip properties, so this gives me a solid understanding of which improvements give you the best return on your investment.