Selling a house “as is” sounds like a great deal. But what does that mean for you? Check out some information below on ways to sell your house in its current condition, with minimum hassle.

“As is” usually means that a property is being sold at its current state, with the understanding that there will be no repairs made and that the home is being sold with its flaws. This may include being in a state of disrepair, and it is typically included in the purchase and sale agreement.

Whether you did not have the budget to fix the issues with the property, or you want to sell an inherited house in Toronto or Mississauga, you are now at a point where you need a fast house buyer. In this scenario, you will have to compromise and be willing to keep a reduced sale price versus if you had invested some time and finances in essential updates before the listing.

Not sure how to sell a house as is and what it entails?

Get the most of selling a house that needs repairs.

While selling a house as is has its advantages, you still need to share known defects with potential buyers. According to regulations, the seller is held completely accountable for any misrepresentation of the property’s condition. Most people make it clear that they are unable to perform any additional repairs for the buyer, but if you are looking to reap the benefits of sell house as is, consider addressing the important items that buyers tend to be concerned about. You may be able to ask for a better price and make the property more appealing to a bigger pool of buyers.

Assess the property value.

Sometimes, people don’t realize that they should clearly examine the value of their home, before putting it on sale. Besides the cost of repairs, you need to add in the aggravation costs. When it’s a turnkey home, there’s a higher chance of profit when selling to buyers because there’s no extra work required. If you are intent upon selling a house that needs repairs to be done by the buyer, it will need much lower pricing to be convinced with the purchase. In addition, there are many homeowners who think that the repairs will cost more than they actually do – if a buyer believes they’ll have to spend a lot they are less likely to  confirm the deal.

Price it appropriately.

Once a value assessment is done, the key is to ensure that the price is right to sell house as is. One way to get this accurately, is by doing research on similar properties in the neighbourhood and finding out more about the market. If you’re on the clock and desperately need to find a buyer fast, investors that buy houses are a good option but that doesn’t mean you get a fair deal. A smart way to adjust your pricing is by reducing it till you get enough offers, and then bringing it up.

Use keywords that count

Real estate listing descriptions are what make you stand apart from the rest in a highly competitive market when you have to sell house as is. Use words that will capture the attention of your buyer, versus turning them away instantly. Keywords that have visual appeal and instantly provide important details about your listing are vital to making a successful sale when you are looking to sell house as is. Think about catchy words like well-maintained, luxurious, spacious, etc. A good way to master the art of writing an interesting listing is to highlight three aspects, location, physical characteristics and other forms.

What to expect when selling to companies that buy houses?

The challenges with selling a home as-is.

As a homeowner who is targeting Toronto house buyers and Mississauga house buyers to get cash for home, you may not see what the negative aspects are of selling a property as is. At the outset, when your listing mentions that upfront, you can expect to drive away potential buyers who don’t want to spend much time with renovations.

Buyers have a negative idea of the home.

When I want to sell my house as is, many buyers might think that there is some serious issue with the home if it is in bad shape. While they may still make an offer, when they see as-is on the sign, they will shy away from finalizing the deal or delay thinking that they will not be able to repair serious problems with their existing budget.

Convincing buyers that your home is worth it.

Potential buyers have to be influenced and convinced that investing in an ‘as-is’ house is a great idea. Otherwise, the negative implications of it can be difficult to change, especially if you are selling a house that needs repairs. No matter how nice the property showing is, there is always an unfair assumption that the homeowner is hiding something and not sharing the full picture when it comes to repairs.

Making the sale to an investor.

While it’s not the ideal situation, sometimes there are zero offers from individual buyers and at that point, you need to choose whether you want to sell house as is to an investor or wait it out. If I was a homeowner that cared about who will own my property in the future, then having investors to buy my house would seem quite demotivating. However, such a stand can be taken after assessing all the facts. For instance, is your home in poor condition? If so, investors who buy houses might be a good way to go. One way to judge the level of disrepair, is by looking at the big ticket items valued by buyers. If your toilet, kitchen or roof requires substantial renovations, then there’s a very slim chance an interested buyer will show up.