Skip the Hassle and Sell Your House As-Is
You’re ready to put your house on the market. Maybe you’ve accepted a new job in another state or want to buy a bigger house or downsize now that you are an empty nester. Or perhaps your home requires one or more significant repairs, and you don’t have the time or money to make them happen. If any of these examples describe your current situation, you may want to skip the hassle of repairing your home and quickly sell your house as-is.
What does Selling Your House As-Is Mean?
Selling a home as-is refers to your decision not to make major repairs, instead offering the property in its current shape to buyers. Fully disclosing this fact and making potential buyers aware of the as-is condition of a sale relieves you of the pressure, and expense, of making the most needed repairs and can potentially speed up the sales process.
There are many reasons to go the as-is route when selling your property. If personal circumstances mean you cannot fix code violations, pay your mortgage or property taxes, your property may be considered distressed.
What is a Distressed Property?
You may have passed by a house that has been neglected. The shutters are hanging loosely, or the paint is peeling. These are just a few of the visible ailments of a home, but there can also be many others that go unseen. These properties are considered distressed.
However, upkeep is not the only indicator of a distressed property. Other reasons houses fall into this category include financial hardships leading to falling behind in mortgage payments and facing foreclosure or an inability to bring the home up to code. Legal problems, like divorce or a lawsuit, can also result in distressed property and a need to sell as-is quickly.
Weather damage can also cause your house to fall into a level of disrepair. For instance, heavy rains can flood your basement, causing erosion and damage to the foundation. Or your HVAC unit has died, and you need a whole new set-up, which could also expose other issues in the home, including electrical and plumbing problems.
A few more common issues found in as-is properties include mold or mildew damage, a leaking roof, non-working electrical outlets, and structural problems. Additionally, there are often code violations such as an unpermitted addition to the home or installment of an appliance, such as a water heater.
Skip the Repairs and Sell House As-Is
Financially, you may find you cannot afford to make the major repairs your home needs. If you’ve also fallen behind in your mortgage payments on top of any needed repairs, escaping a looming foreclosure quickly can alleviate the stress and constant anxiety and put you on a new path.
Even if money is not the issue, you may decide you do not want to deal with the time and effort of hiring others to complete the repairs. Repairs can sometimes take weeks or months to complete, and you may need to find temporary housing.
Regardless of which of these circumstances you may find yourself in, you should consider selling your house as-is and avoid the hassles involved in bringing it up to code or making necessary improvements or repairs.
How to Sell As-Is Properties
Once you assess your situation and the needs of your home, you may decide that selling as-is is the right action for you. There are different ways you can sell your property; however, each comes with its own significant pros and cons.
When you’re selling your property as-is, consider these three methods.
- Hire a real estate agent: The most formal and often chosen method of selling a home is hiring a real estate agent to bring in potential buyers. You will need to disclose all defects and needed repairs of the house to your agent before getting started. From there, it could take several weeks or months for your agent to find a buyer willing to pay your price.
- Sell your as-is home yourself: Today, many people are choosing to sell their homes themselves. However, this will take a lot of work on your part, from advertising to showing the house to potential buyers. Interested parties will likely want to have their own home inspection conducted, adding more time and stress to the process. You also may have problems receiving the price you’re asking, especially if you’re in a hurry to make the sale.
- Avoid the hassles and sell to a cash for homes buyer: If you’re expecting to sell your house as-is fast, you may need to consider other options. To avoid a long wait or a time-consuming and stressful process, consider selling to a cash home buyer like Meli. We can help you unload your house so you can move ahead and on to better things in your life. In the Central Florida area, Meli pays you upfront and usually can close the sale within 30 days, making the process as easy and hassle-free for you as possible.
A Cash Home Buyer is Here to Help You Avoid the Hassle
Who are cash home buyers? The most widely recognizable cash home buyers are flippers and investors with experience in the as-is home market. These buyers understand the as-is buying process and are familiar with the problems that arise, causing properties to move into the distressed category. Usually, these buyers offer payment and closing within a 30-day window in a no-hassle transaction.
At Meli Homes, we make the entire process easy. Once you contact us, we will ask you several questions and schedule a walk-through of your property at your convenience. On the same day as your walkthrough, we will send you a fair offer for your home.
Meli Home is highly experienced in situations such as yours, and we will handle all the paperwork, including dealing with outstanding liens or judgments. Once you accept our offer, we will close on your home within 30 days: no staging, no open houses, no commission fees, and no closing fees. You receive our full offer. We’ll even work with you on your move-out date.
Contact Meli Today
Are you ready to know more about how to avoid the hassle and how to sell a house as-is in the Tampa, Orlando, or Winter Park areas? Give our Central Florida office a call at (407) 338-4183 or connect with us online to set up a walkthrough of your home and learn more about our process.
This article is meant for informational purposes only and is not intended to be construed as financial, tax, legal, real estate, insurance, or investment advice. Meli encourages you to reach out to an advisor regarding your own situation. Please consult with your advisor when making legal or financial decisions.
Image Credits
https://pixabay.com/photos/houses-for-sale-5203982/
https://pixabay.com/photos/window-exfoliation-paint-1573052/
