Some of the most common reasons a property ends up in the market include relocation, upgrading, or even downsizing. If you find yourself in any of these situations, then selling your home as is will prove fast and beneficial to you. Homestead Road lists the reasons why.
You Deal with Less Competition
When selling a property as is, you’re targeting a specific market that’s looking for homes fast and hassle-free. And most of the time, this type of market has a team working for them that can facilitate the sale from start to finish, so you can expect a close sooner than later. When you’re selling as is, you’re specifically targeting a ready-to-buy market, so you’ll get offers faster.
You Get Cash Upfront
Reputable homebuyers who acquire as-is properties will pay you in cold cash, which is a good way to turn a solid asset into a liquid asset. This strategy is a sensible way of turning an otherwise difficult property to sell into a liquid asset that gives you cash on hand. You get more financial flexibility as you gain an instant source of money to buy a new home or perhaps fund a startup.
You Don’t Have to Worry about Making Improvements
Not all home improvements generate a return of investment and you might even be making improvements that potential buyers aren’t willing to shell out extra for. While many buyers prefer move-in-ready homes, there’s no guarantee that the improvements you’ve made are to their taste and would meet their expectations.
Most of the time, the new owner will want to make changes according to their preference and personal style. When you sell as is, you don’t have to worry about any of these and don’t have to invest in anything that isn’t guaranteed to generate profit in the end, and you can keep your expenses down to just for minimum repairs.
So before you think about making huge home improvements to attract potential buyers, consider selling your home in its current state and attract investors who have the capacity and the readiness.