Do you want to sell your house but you don’t have the luxury of time and money to make repairs? It may take several months before your home is listed for sale. This is attributed to the need for upgrades and repairs to appeal to buyers.
Selling your house as-is to cash investors can speed up the process to two weeks. But, the time taken to sell your house depends on the market conditions and seasonality.
The back end of selling a house as-is means pressing vindications that push a homeowner to sell that way.
Keep reading to see 7 reasons homeowners sell a house as-is.
1. Quick Sale
Making upgrades to your old kitchen cabinets and repairing broken tiles may seem great. But the whole process of repairing and upgrading a home is time-consuming. The time that could otherwise be used in repairs is spent formalizing the transfer documents and payments.
2. Cash Offers
Buyers are mainly investors and house flipping companies who pay cash upfront. Cash offers are convenient if you want to settle a debt or you’re in need of the money urgently.
For a bank to guarantee to finance a house for their client, they first have to inspect the house and ensure it’s in good condition. Hence, in most cases where a house is sold as-is, it’s not being financed by a bank.
We buy houses as-is in Chicago for homeowners who want to sell their houses fast through cash payouts.
3. Repairs Have a Financial Burden
For a house valued at $200,000 repairs can go upward of $20,000. If selling the house is financially motivated, a renovation will be a financial burden on the seller. It becomes easier to sell as-is to save yourself the hassle.
4. Avoid Stress (Inheritance)
In the case where your parents or loved ones die and all the beneficiaries live far away. You may decide to sell the house as-is to avoid the inconveniences of supervising repairs far away.
Family feuds are avoided since you will only be required to split the profits from the sale unlike sharing a house.
5. Job Transfer
Fully-fledged work-related relocations can have a toll on you especially if you are moving to a different continent. You won’t have the time and energy to work on your house before you list it for sale.
6. To Pursue Adventure
Ever heard about couples who one day decide to sell all their stuff and travel around the world? For these kinds of people, selling everything becomes their ticket for realizing their dream.
They put more time into planning and making arrangements for their trip. Rather than doing repairs for the house before selling
7. Old Age
This is when your children grow and move out, then your big house starts to feel like an empty nest. Therefore you sell your house as-is to get a downgrade.
Reasons for Selling a House as is Unraveled for All Homeowners
Reasons to sell a house as-is are situational and vary according to the chapter of life you are in. Before you make the decision to sell your home, you should understand what selling a home as-is entails. Gauge the benefits you reap by selling a house as-is and an appealing house, then make a decision. Did you find this article revealing? Go check out our other blogs on real estate, business, and investing.