How To Sell Your House As-Is: A Complete Guide

When you sell your house on the open market as is, you'll follow exactly the same measures as a traditional home selling — with a few minor variations along the way. 

What does it mean to sell your home in its current condition?

The buyer agrees to accept the property in its current state in an "as is" home sale. Until closing, the seller will not discuss or consent to any repair compromises. 

For sellers who don't have the time or funds to fix their property before selling it, as-is sales may be a good option. They can also help sellers trying to sell the inherited property or a home in poor condition.

It's also worth noting that an as-is sale doesn't save you from any of the annoyances that come with selling a house. You'll also have to comply with state disclosure rules, and buyers can use an inspection contingency to back out if your home's condition falls short of their standards. 

Who buys a home as-is? 

In general, when you want to sell your home as is, you have two options:

1. Selling to an individual
2. Selling to a company

The state of your home will influence the choices open to you. Often individual buyers must obtain a loan to purchase a house, which could be impossible if the home is in poor condition.

If your bank refuses to finance your house, you may have to deal with specialist buyers or companies specializing in cash deals. 

Buyers who may be looking for a home to buy as-is include: 

• Buy-and-hold-investors: Real estate investors are often on the lookout for residences that can be converted into rental properties. They try to invest as little as possible to make a profit, but they also have access to non-traditional loans through their networks.

• Flippers: Flippers will buy homes that they can renovate and resell for a profit in order to make money. An as-is selling could be an appealing option depending on the condition of your home.

• Cash buyers company: Companies like GrahamBelle Real Estate Investment deliver quick cash deals to homeowners all over the country and make it easy for you to sell your house in Corpus Christi.

• iBuyers: Most iBuyers look for homes that don't need extensive renovations, which means they spend much less than fair market value. Some companies, such as RedfinNow, can buy houses as-is, but your home must still meet certain conditions. 

Pricing and as in sale

In general, homeowners who want to avoid making costly renovations want to sell their property as is because these homes are less expensive than completely restored, move-in ready homes.

The listing price you select should, in theory, satisfy your financial needs while still feeling fair to potential buyers who will have to invest thousands of dollars to get the property up to code.

If you hire an estate agent or do your own analysis, your price should be determined by:

• Comparable homes in your neighborhood
• The potential cost repair

For example, if a home requires $25,000 in repairs, you could price it $25,000 less than the fair market value of a completely renovated home.

Consulting Real Estate professional

Prospective clients are often offered a free comparative market analysis (CMA) by real estate brokers, which is a great place to start your quest.

Tips for marketing a home as-is

Every seller wants to present their home in the best light possible, particularly if you don't intend to make any repairs.

Consider the following tactics to draw the right buyers and help them see your property's potential:

• Getting the word out about the home's future value after renovations
• If you have a desirable spot, you can highlight it.
• Positioning your home as a can't-miss deal in your neighborhood
• Immediately disclosing the results of the pre-inspection study

Be sure to advertise your property on hubs like Facebook Marketplace and Craigslist in addition to the MLS. When looking for deals, flippers, and investors frequent group message boards.