THE SELLING of A HOUSE IN BAD CONDITION
Regardless of the bad condition of your house, you have basic options to sell it.
Sell the house as-is without any changes (invest in minor repairs before listing)
Make only cosmetic fixes
Invest in significant repairs
SELLING A HOUSE IN POOR CONDITION
It is always better to get multiple competitive quotes from different contractors if your as-is needs repairs that go beyond cosmetic fixes. This way, you can conduct a cost-benefit analysis.
How to Sell Your House As-Is
If you’re selling a home that requires repairs, you can;
Include your as-in on the listing- that means you will not spend time making repairs
Conduct a complete pre-inspection- it means you need to disclose restorations and other details on the
inspection report.
Tackle the vital priority items (most important ones) to seal the deal
IF MY HOUSE IS IN FORECLOSURE, CAN I SELL IT
Yes, you can sell the house facing foreclosure until it is sold in Sheriff’s Sale’s auction by the lender.
The home is considered foreclosed when the lender uses his rights to sell it if the owner fails to keep
up with the payments.
MISCONCEPTIONS AROUND SELLING ‘AS IS’
You’re not legally bound to make repairs when selling your as-is. However, if the buyer discovers an
issue in the property, he/she can ask for the repairs under the rule of an inspection contingency. As
he can cancel the contract, it is better to keep him happy and negotiate the deal with the help of an
experienced agent
Should I Renovate My House Or Sell As Is?
While renovating a house can help you sell it fast, listing it has its own benefits. You don’t have to
fork over a lot of cash for improvement.
