As Real Estate experts, we heard the question, “Should I sell my home in Knoxville as-is”, many times. If you’re thinking about it, then you first need to fully understand what exactly selling “as-is” means. We buy houses in Knoxville as-is all the time. In fact, that is the only way we buy houses. But many homeowners do not exactly know what that means.
What Does Selling Your Home “As-Is” Mean?
When you sell your home as-is, you are letting potential buyers know that you, the homeowner, will be responsible for no repairs when selling. The buyer is entering into the sale fully and legally aware, and responsible, for any repairs on your home. Selling as-is doesn’t mean you can withhold repair needs of your property to the potential buyer. When the potential buyer goes through a home inspection, you must legally disclose what those repairs are. There are pros and cons to both selling your home as-is, and sticking to these 5 tips will help you understand.
Your Home Needs Expensive Repairs
If you know you need substantial repairs on your home in Knoxville, it may be better to sell as is. When you are set on selling your Knoxville home and moving quickly, oftentimes we see sellers are ready to close on their previous properties and move on with their new home and lifestyle. If you hate the idea of waiting months on end for cumbersome, expensive repairs to your home, consider selling as-is.
You Know The Value Of Your Home
Every home seller wants the highest and best value for their property. When faced with large and often expensive repairs, you need to stop and think logically about your next move.
As-Is may encourage buyers to low-ball offers on your home. As the Knoxville home selling experts, we know how to position your property in the best light, and the highest value offer when you sell your house direct to us. If you elect to sell your home on the market, It might be in your best defense to secure a quote with a reputable expert in your area, and make sure to disclose the repair quote when discussing with potential buyers.
You Need To Sell Your House Fast
If you need to sell your home quickly and efficiently, an as-is sale might be for you. Everyday our clients ask us how quickly we can buy their home. An “as-is” home will likely bring a fix-and-flip buyer that might be on a tight deadline to meet their quotas, and dealing with these kinds of buyers will help keep the sense of urgency when you need to move if they also want to flip your house quickly.
You Don’t Want The Extra Stress
Selling your home is already stressful enough. When considering an as-is sale, you’re allowing yourself the peace of mind knowing the buyer & seller transaction is transparent, often fast, and much less stressful. We frequently see time spent between the buyer and seller is often the biggest headache in selling your home, as the buyer wants the most value out of your property they can get. Listing for the right value will enhance your home’s time spent on the market, allowing for a buyer to quickly snap it up.
You Don’t Want To Deal With Skittish Buyers
If the thought of non-serious buyers wasting your time to “just look” drives you crazy, selling your home as-is will weed out the flaky buyers. You might consider trying to market your home directly to flippers or second-time home buyers. As experts in buying as-is properties across Knoxville for many years, we would be happy to share our knowledge with you and hear your story.
Want To Sale Your House As-Is?
No matter the reason, you need to be informed as to the reason you’re choosing to place your home for sale as-is. When you sell your home to us, we take special care and attention to your top priorities, whether it’s getting top dollar value in Knoxville or moving as quickly as possible. Don’t hesitate to call us today, we talk with hundreds of home sellers every year, and our commitment to your happiness is unwavering. Chat with us to see if selling your home as-is is right for you!
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