Selling homes as-is is becoming more and more widespread through the U.S., in large part because of the many benefits it has for homeowners beyond just stopping foreclosures. In San Diego, we have seen many homeowners finally find peace of mind once they decided to sell their home as-is. However, many homeowners were concerned that selling a house under the “as-is” name can negatively impact the resale value, and shrink the pool of potential buyers.
These are all very legitimate concerns, but the truth is that when done well, selling your home as-is does not impact either the resale value or the potential buyers available. When purchasing homes, some of the most important factors that people look for are location, configuration of the home, and price. None of these factors are negatively impacted by as-is sales, and are often predetermined by the house itself.
Of course this is not to say that a house has never been negatively impacted by an as-is sale. As with all home sales, it is important to make sure that the sale is handled professionally and courteously in order to guarantee a smooth transition. We found that as long as the price is fair, and everyone is honest about the home’s condition and history, there is no problem with selling the house. Most home buyers are educated enough to understand that they can still do inspections, and know that “as-is” is no longer a term associated with money trap homes, which is something that it was once associated with.
Selling homes as-is has come a long way, but of course can vary from city to city and state to state. If you would like more detailed information about selling your home as-is in your area, give us a call today.
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