You have inherited a piece of property and it needs so much repair that living in it is not an option. You curse the relative who left it to you and wonder how much it will cost you to fix it up to sellability. Before you run out to the hardware store for a professional tool kit and a DYI book, you should know that there are a few ways to sell your house without having to make any repairs.
List Your Home “As Is”
If a home you are selling needs a lot of work, you should advertise it as being “as is.” Homebuyers know that real estate will be cheaper when it is sold as-is.
The problem with doing things this way is that scammers may look at your ad and try to take advantage of you. Scammers from other countries will often comb through ads and call sellers to tell them they are interested in buying their home. They will then tell the seller that they need to pay a fee before they can buy anything in the United States. They will ask the seller to lend them the money for the fee. Once they get the money, they will never be heard from again.
Putting an ad on the internet that says “as-is” is sort of like putting a kick-me sign on your back. Potential buyers will know that you need to get rid of your house as fast as possible and they might try to lowball you.
You must disclose everything about the house when you talk to a potential buyer. If you sell the house without disclosing everything, the buyer may sue you if they find problems with the home after they move in.
Selling a house as-is, is almost always much faster than fixing it up and selling it the conventional way. However, you should know that if you simply list your home on a website without the assistance of a professional, you will have to worry about filling out a lot of complicated paperwork.
You will have to do a title search on the home to make sure that there are no liens and that no one else can claim ownership. you may end up being disappointed. A buyer may back out at the last minute.
Go through a Service That Buys Homes for Cash
If you want to get rid of unwanted property in a hurry, if you are moving out of town, or if you are just desperate for cash, the fastest way to sell your home is to go through a company that is dedicated to buying homes for cash.
You may be able to sell your home in as little as 24 hours if you use one of these services. Not only will you not have to make any repairs to the home, but you also will not have to pay for online advertisements and you will not have to host open houses.
One of the biggest advantages to using cash home buyers is that you will not have to worry about getting the home inspected before you sell it. This can save you hundreds of dollars. A company that buys homes will also be staffed with people who can do your paperwork for you.
Selling a piece of property in a hurry can be stressful. However, if you take the appropriate steps, you can get the property you don’t want off your hands and put money in the bank in the process.