Every year in the United States more than five million homes are sold every single year. So if you are looking to relocate or sell a property, you can rest assured that the market is ready and waiting for you.
However, this doesn’t mean that selling a home is a straight forward process. In fact, the majority of homeowners in America spend between $1,000 and $10,000 prepping their homes for the real estate market! But what if you don’t have this kind of spare cash lying around?
Well, that’s where selling your house ‘as is’ comes in. This involves selling your home without spending thousands of dollars on renovations or makeovers. Want to know more?
Then you’re in the right place! Read on to find out how to sell a house as is and fetch a decent asking price.
What Does Selling Your House As-Is Mean?
Selling your house as is simply means that you sell it in the condition that it is currently in. This means that you don’t have to carry out any renovation or improvement work that might boost its market value.
This can save you a lot of time and money getting your house ready for the property market. Often people who want to sell homes as they are have inherited them or need to sell them to free up capital.
When it comes to house sales a lot of the advice you’ll get will tell you to make improvements before you put it on the market. This won’t help you if you want to sell your home as it is. But don’t worry – there are plenty of things you can do to present your as is home well to potential buyers.
Let’s take a look at some of the best tips for selling your house as-is in Chicago.
Be Upfront With Potential Buyers
How to sell your home isn’t just about presenting it well. It’s also about building a relationship of trust with potential buyers. This makes them feel confident about handing over their money.
This is why it is important to be upfront with your potential buyers about why you are selling your home as is. You should also add ‘as is’ to your property listing so that people know what to expect.
You shouldn’t try to conceal any issues with the property. These will show up on an independent survey of your home and keeping them hidden could mean that buyers walk away. Admitting them straight up will help you to secure a good deal quickly.
If you have the time, it may even be worth finding estimates for the cost of work that needs doing on the house. That way you can discuss these with potential buyers to reassure them they’re getting a good deal.
Work on Your Curb Appeal
You might not have the budget to do major work on your property but it is always worth making a good impression with potential buyers. Working on your curb appeal is part of this.
This involves tidying up the outside of your property, which is the first thing buyers will see when they arrive at your home. You might want to tidy up:
- The paint job on your home, doors, and window frames
- Your front garden
- The sidewalk in front of your home
Working on your home’s curb appeal will help buyers see the potential in your property. It also demonstrates that you have been taking good care of your home, which is a great way to start a viewing.
Clear the Decks
Just because a property might be a bit rough around the edges, this doesn’t mean your presentation of it isn’t important. In fact, presenting your home properly will let you highlight its best features.
Most buyers are looking for properties with plenty of light that are spacious. So focus on clearing the space in your home.
If possible, pack up any personal belongings and store them in an attic or garage. This will also save you time on packing when you do come to move!
Be Realistic About Your Asking Price
If you are going to sell a property as is then it is important to recognize this in the asking price.
A lot of homes that sell as they are require at least some work after the sale. Because of this, buyers will expect to pay below the market value for them.
It is important to acknowledge this before you put your home on the market. If you don’t you will find that it takes a long time to get any offers.
How to Sell a House As Is: Choose When You Sell
If you want to find more tips on how to sell your home as it is, then it is also worth looking at real estate trends throughout the year. When you choose to sell can have a big impact on the cost of selling your house and how much you get for it.
Certain times of year are more popular with potential buyers than others.
For example, the summer months see the highest rates of home sales across the United States. This is because viewing properties and moving is a lot easier in the summer months than during winter.
If you want to sell your home as is quickly and at a decent price then, it is worth waiting until the summer to list it. Trying to sell it in winter could take a long time and could cost you thousands of dollars!
Get Ready to Sell Your House Quickly!
As you can see, when it comes to how to sell a house as is there are plenty of things you can do to get a good price. Keep these things in mind and you’re sure to secure a good sale quickly.
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