subject: The Pros And Cons Of Selling Your Home Just As It Is [print this page] There's a noticeable trend in houses for sale right now, probably due to the economy, which involves homeowners selling a house as is. Whenever sellers find themselves in a hurry to get a house sold or lacking the resources to renovate their house to bring the top selling price, that's when they need to consider selling a house as is to make a quick sale.
What is it about selling a house as is that's so unique? This is a very important question to understand before getting started because you will be looking for an entirely different type of buyer. You want someone in the business of buying and selling houses, either as rental units or resale inventory. I'm talking about real estate investors who can be found in most cities all over the country now. My own career as a real estate investor has been my main business for over three decades now and so I've seen a lot of investors get involved in renovating houses to resell. From time to time it's been profitable and during other economic times the going gets tough.
All that matters to sellers is their ultimate sale price. Generally, nobody is concerned about what a certain buyer is going to do with the house later. What's important to understand, however is that the offer an investor can make to those who are selling a house as is will be determined, in part, by how much profit he or she expects that house to generate when it's completed and it's back on the market at a higher price later. I'm suggesting that sellers really need to thoroughly consider the present housing market regardless of the fact they want to sell quickly to move away.
Selling a house as is can certainly prove to be a solution to accomplishing your goal, but of course there are concessions to be made, and it's best to know that in advance. Investors must calculate the cost of the materials and labor and desired profit in order to know how much to offer on any property. If the profit calculations don't work then you probably won't get an offer. It's just that simple. Keeping these realities in mind when you're selling a house as is will bring a much greater likelihood of success for you and for your buyer. In order for a transaction to be a win-win situation for both parties involved, everybody has to get what he or she needs to make it work.
