Seems tempting, doesn't it-just sell your home "as is" and you won't have to do any repairs! However, here are some things to think about before you do: • Despite HGTV and DIY Network, the "do it yourself" buyer is scarce these days--most people realize they don't have the time or skills to do repairs themselves, nor do they have the time or money to oversee a contractor/handyman do the work. •Because of the number of foreclosures flooding the market, "as-is" homes are now the norm, so you'll have to price your home as low or lower than these "distressed" properties to attract buyer interest. • Even if your home just needs a few repairs, buyers will subtract MUCH more from their offering price than it would have cost you to do the repairs--they want to be compensated for their time and inconvenience •Once you've accepted your low "as-is" price, the buyer may still try to shave more $$ off the price after the home inspection. Bottom line: if you can possibly afford to do the repairs, deferred maintenance and even some upgrades to your home before you put it on the market, your bottom line can end up better than if you had sold it as-is. Your home will attract more buyers and have a much higher chance of actually selling in this challenging market.
Comments(1)