How to sell a house in As Is condition
If your house is old or needs repairs it is often best to sell it in As Is condition so you don’t need to make repairs and are can not be held responsible for any deficiencies in the home after you sell it. We get a lot of questions about how to sell a house As Is and what is involved in the process so put together these frequently asked questions about selling your house As Is. If you have any other questions or would like to discuss this in more detail don’t hesitate to give us a call.
We buy houses As Is, but what does As Is actually mean?
Selling your house as is means that you are selling the home in its current condition, will not make repairs before the sale and will not offer any credits to fund these repairs. When you sell your house As Is you are not making any warranties on the condition of the property and the buyer has no legal recourse to come back and sue you if there are more issues than they first expected. Basically when you sell your As Is, all your problems become the buyers problems.
How can you sell your house As Is?
You will generally need to find a cash buyer. If somebody is getting bank financing for the house an As Is house is going to struggle to get through all the inspection reports and requirements the banks have when they lend money on a property. A home owner is generally not going to be the buyer of an As Is property unless the buyer is a contractor or handyman. Generally an investor is going to buy your house. An investor isn’t put off by repairs and often likes houses with some issues as what it costs them to repair it is probably less than what it would cost you to fix it. This creates an opportunity for the investor to buy your house, put some time and money into it and then sell it for a profit to a home owner.
Can you sell your house in any condition?
You can sell a house in pretty much any condition. It might be fire damaged, have active termites, foundation issues, be full of junk, have water damage, been vacant since Katrina, leaking roof, no roof, you name the problem and I bet you we have bought something like that in As Is condition. Worst case scenario if the house needs to torn down there should still be value in the land.
Can you leave stuff behind when you sell your house?
You can leave your furniture and unwanted belongings behind when you sell your house As Is. We know it can be hard to get a house totally clean, particularly when you have lived here there for awhile. The benefit of selling As Is, is that you can take what you want and leave the rest of your stuff behind. No need to clean up the house, you can even leave your rubbish behind.
Can you sell a house with code violations?
Yes you can sell a house that has building code violations. Even if the city has put code enforcement liens on your property you are still able to sell it As Is. The buyer will have to address the code violations when they purchase it to avoid further fines from code enforcement.
Can you sell a hurricane damaged house?
Yes you can sell a home with hurricane damage in As Is condition. Depending on the extent of the damage a bank may not be willing to finance the property to a buyer but you can still the house to a cash buyer like Home Buyer Louisiana.
Can you sell a flood damaged property?
Yes you can sell a house with flood damage. We are no strangers to floods in Louisiana and unfortunately it is part of life. If your house is damaged in a flood you can still sell it to a cash home buyer in As Is condition.
If you want to sell your house but don’t want to make all the repairs then selling your house As Is would be a good option for you. Home Buyer Louisiana buys houses as is for cash and would be happy to give you an obligation free cash offer on your home.