It's usually a good idea to fix up your home as best as you can before putting it on the market, but there are times when it could be best to sell it as it is. You won't get as much for your home, but you won't have to sink a lot of money into upgrades, either. Here are some times when selling a home as-is could be a good choice.
When You Don't Have Money For Major Repairs
If you find out your home has foundation issues or it needs a new roof, you'll be in a tough spot if you don't have money to make repairs. It might make sense for you to sell the home as-is and take what money you get and put it toward a new house or use it to rebuild your finances. You probably don't want to live in a home that has a roof leak or foundation damage since the damage could get worse and devalue your home even more. By selling it as-is, an investor can pay you cash that helps your finances and you get out of paying for expensive repair work on your home.
When You Need To Move Fast
Sometimes, life circumstances require that you move quickly. You may not have time to spend on painting your home and making minor repairs. Selling your home as it is without making any improvements allows you to put your home on the market right away. If you want to sell to an investor, you might even make a quick sale if you contact the investor yourself rather than wait for a buyer to find your home.
When Cosmetic Improvements Won't Help
It's common for people to freshen paint and fix up the yard when they put their homes up for sale to entice buyers. However, if your home has major issues, spending time and money on paint and landscaping might be a waste. If a real estate investor buys your home, they'll probably make their own changes anyway, and a fresh coat of paint won't make a lot of difference if the home needs a new HVAC, roof, and other major improvements.
When You Need Cash Fast
Homes can linger on the market for a very long time. When you sell your home as-is to a cash buyer, you could sell your home fast and get the cash you need for medical or legal bills that can't wait. The trade-off is that you probably won't get as much money as you would if you fixed up your home and waited on a traditional sale, but if you need cash in a hurry and you don't want to spend money on improving your house, then selling the house as-is might be a good idea.
If you want to sell your home as-is, consult a resource in your area.
