Selling House As Is | Pros and Cons of Selling Your Home in As-Is Condition


How’s it going everyone? Matt Leighton, welcome back to another video. In this video, I’m going to tell you the pros
and cons of selling your home as-is. I’m in Rosslyn, Virginia, I have Key Bridge
behind me entering into Washington, D.C. So, three pros of selling your home in as-is
condition… Pro number one: there’s not an initial upfront
large cost associated with selling as-is. You don’t have to fix those repairs. You don’t have to paint, you don’t have to
clean. You’re saving money that way. Obviously, since you’re not spending money
on these things making the property look ready to show, things like staging, you’re going
to be saving money. We still want the property to show as best
as possible. But you’re still saving money up front. So that’s pro tip number one. Pro tip number two is that there’s going to
be less contingencies. Maybe there’s no home inspection. Maybe it’s an all-cash offer where there’s
less ways that the contract can fall out of escrow. So that’s pro tip number two. Pro tip number three just comes down to the
overall inconvenience of getting that property ready to go on the market. You don’t have to go out and call all the
contractors and get the bids and make your schedule so you can accommodate everything. You kind of just put it up there and hope
for the best. Alright so now for the cons, three cons, the
first con is you’re going to get low-balled, right. You’re putting a home “as-is”, whenever you
put “as-is” in the description, someone is going to come in and low-ball you so don’t
take it personal. Don’t get upset. Just be ready for it. And know what your plan of action is when
you do get low-balled. Maybe that’s to outright reject them. Maybe that is to counter back at your list
price or whatever it may be. Just be ready to get low-balled because you’re
working with a lot of investors which brings us to number two on the top cons. You’re going to be mostly dealing with investors. As opposed to a pool of investors, first-time
home buyers, and home buyers. Obviously, we want the pool to be as large
as possible, and this is all depending on the type of property you have. But for the most part, when you’re listing
as-is, you’re going to be working with mostly investors. And the third con of selling your home as-is
is you’re probably going to get less money for your house than comparable homes. Your home won’t show as well. It’s going to be harder to demonstrate the
value compared to a home that is staged down the street with a manicured front lawn and
has pretty much done all the checklist of putting that house ready to go on the market. If you want to sell a house as-is, that’s
fine. Just understand that you’re going to get less
money so pricing your home correctly is even more important. When you’re looking to price your home, price
it at market value or maybe even price it $5,000 to $10,000 below market value. The last thing you want to do is try to get
that extra $5,000, have it sit on the market, and then you seriously have to start considering
those low-ball offers. Price it at market or a little bit below so
you entice the buyers, maybe get a nice little bidding war going. Who knows? But the one thing is you have to price it
correctly. Alright, that’s all I got for you today. Three quick pros cons about selling your home
as-is. If you have any other questions, be sure to
drop them in the comment section below and I’ll check them out. Okay, thanks for watching. Until next time, create a productive day. Take care.

Leave a Reply

Your email address will not be published. Required fields are marked *