There are many reasons why you might want to sell your home as-is without a realtor.
Whether it’s because you don’t feel like paying a realtor their 5% commission or because you can’t afford home repairs, selling a house as-is can be a great way to do it. That being said, it’s important to approach the process with the understanding that your house won’t sell for as much when you do it this way.
So, how much do you lose selling a house as-is?
In today’s post, we’ll help you weigh the pros and cons of selling a house as-is so you can figure out if it’s the best move for you. Keep reading and you’ll know what factors to consider before selling your home.
Selling a House As-Is Process
The process of selling a house as-is is very simple. In most situations, you’d forego the help of a realtor and seek out a qualified buyer on your own. FSBO transactions might sound intimidating, but it’s all about finding the right type of buyer for your home.
That’s where cash buyers come in. These investors will buy any home, no matter its condition. All you need to do is seek them out, fill out an online form, and receive a no-obligation cash offer.
What’s great about this selling method is that it can be completed in a week or two, as opposed to the traditional selling process which can take months.
Pros and Cons of Selling a House As-Is
The pros of selling a house as-is are many. You don’t have to pay a realtor thousands of dollars to find a buyer, nor do you have to go through lengthy negotiations. As mentioned, the process is very simple and the cash buyer will take care of the paperwork on your behalf.
The one major con of selling your house as-is will be losing out on the full market value of your home. How much this deters you should depend on how damaged your home is. If you’d be hard-pressed to get a decent offer on the normal market, it’s hardly a con at all.
How Much Do You Lose Selling a House As-Is?
It’s difficult to say how much any given homeowner loses by selling their home as-is. On average, a homeowner who sells a home without a realtor’s help will get around $100,000 less, but that doesn’t tell the whole story.
As we mentioned above, you need to account for the cost of repairs that you’re avoiding, as well as realtor fees. If repairing your home to make it attractive to buyers will cost $60,000 and you’re going to pay $20,000 in realtor fees, that immediately makes up for the cost.
Making the Best Real Estate Decision
Now that we’ve answered the question, “How much do you lose selling a house as-is?”, you can make the best real estate decision for you. When you have a home that isn’t in great condition, it can feel impossible, but now you know you’ve got options.
If you enjoyed this post, come back again for more real estate and home tips.
