The Benefits to Fixing Up vs. Selling "As Is"
Selling a home "as is" means it is being sold in is present condition. Sometimes sellers don't want to or can't afford to make repairs. Heck, sometimes sellers don't even realize that their homes need repairs because they've been living there so long the defects are invisible to them. That big crack running across the ceiling from wall to wall? They don't see it. Sheetrock screws popping, doors falling from hinges, broken windows? Some say let the buyer fix it.
But buyers see the defects as warning signs, and they're bound to discover more problems when they do a home inspection. In slow-moving real estate markets, if a buyer is going to purchase a home in "as is" condition, the buyer will demand a steep discount from price . . . read more about Fix or Sell As Is.
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Comments
ONe thing is..if its going to take you months on end…probably wont be worth it. IN todays market you have to do it FAST! Or values go down.
I would like to email with you briefly – we live in Southern Oregon (outside economically depressed Klamath Falls, where there are virtually NO JOBS, save for a few minimum-wage jobs, and there’s competition for them). We want to see and return to the Bay Area…..NOW ! We’re trying to find some money from a source……but, if we move and rent this house out, we take the risk of bad renters and unpaid monthly rent of $650.00, which would cover the mortgage payments here.
What should we do ? We’re asking $107,950.00 right now, but I’d take $90K or even 85K, a tiny profit, just so I CAN GET BACK TO WORK IN THE BAY AREA, which has jobs despite the depressed marketplace.
What would you advise ? Please email me back at the above address and tell me how to contact you. THANKS !