If you have a damaged, vacant, or old house, selling it in your area will prove to be difficult. The main reason for this is that several houses on the market are move-in ready. There are fewer buyers today that want to take the time to renovate an outdated or damaged house.
So, if you plan to sell your house as-is, you may want to consider selling it directly to a company that buys houses. A professional home buyer can do a quick walkthrough of the property, make you a fair cash offer, and close on the sale in only a few days. You don’t have to waste your time or money trying to renovate the property.
These Types of Houses Are Hard to Sell As-Is on the Market
Certain types of houses raise red flags with the average buyer.
Heavily Damaged House
There is a difference between a house that may need a few upgrades and one that has sustained heavy damage from a fire, natural disaster, or vandalism. For instance, if a tornado or hailstorm causes extensive damage to the roof, you may have to spend thousands of dollars restoring the roof. A buyer on the market will not want to invest.
A house that has been vacant for several months or years raises red flags with real estate agents, brokers, and buyers. They may wonder why you are unable to sell your house. The longer the property stays vacant, the more difficult it becomes to find someone interested enough to even look at the property.
There was a time when old houses held a special place in the real estate market. Buyers often saw them as charming or unique. However, what is considered ‘old’ today is different from older homes 30 years ago. A house built in the 70s or 80s isn’t as vintage as one built in the 50s. Yet, it still needs a lot of work.
Why Can’t I Sell My House As-Is?
If you put your house on the market as-is, you may find a buyer. However, a buyer will likely use a damaged house as leverage to negotiate a lower selling price. Or, they will require an inspection and repairs before they buy the house. You may spend thousands of dollars on top of the realtor commissions and closing costs.
There are several reasons why it is hard to sell your damaged house.
- Buyers don’t want to take out an additional home improvement loan.
- There may be unforeseen problems that the inspector missed.
- Competing sellers have move-in-ready properties.
- You may not have the cash to repair the house before you sell it.
- An outdated house may require numerous upgrades.
The bottom line is that neither you nor the buyer may want to deal with the hassle of a damaged or old property.
What is the Best Way to Sell My House As-Is?
If you don’t want to renovate your house and you can’t find a buyer, the best way to sell your house fast is to work directly with a company that buys houses. There are several reasons why it is a better option than selling it on the market.
- You make no repairs or upgrades – sell the house regardless of its condition.
- You pay no closing costs or realtor commissions.
- Sell the house when you want – cash sales close in as little as seven to 21 days.
- The cash home buyer assumes 100% responsibility for any problems with the house.
- Sell the house regardless of your situation.
If you are currently going through foreclosure, bankruptcy, probate, divorce, relocation, downsizing, or problems with tenants, you can get out of the situation quickly by selling your house as-is for cash.
How to Sell Your House for Cash
Another benefit of selling your house directly to a buyer is bypassing all the steps in a traditional sale. Instead, you can sell your house in three easy steps.
Step 1: Contact the Buyer
Find a company that buys houses in your area and contact them directly. Set up a quick walkthrough of the property. There is no obligation to sell, and it only takes a few minutes.
Step 2: Get a Cash Offer
If the buyer is interested in the property, they will make a fair cash offer for a percentage of the property’s current market value. Home buyers like to move fast on real estate deals. So, you will probably receive an offer within 24 to 48 hours.
Step 3: Get Cash for the House
If you agree to the offer, set up a convenient time to close the sale. The buyer will arrive, sign the paperwork, and give you a check for the house. Most buyers agree to pay up to 100 percent of the closing costs.
Sell Your House As-Is to Ernest Buys Homes
If you are wondering, “How do I sell my house as-is,” Ernest Buys Homes can help. We buy houses as-is. Call 865-292-2499 to get a fast cash offer. We can help you sell your house fast.