You may be in a tough financial situation and can’t afford the repairs, or you may need that cash urgently for other reasons, or maybe you don’t want to deal with all the stress and hassle after getting an inheritance, whatever the reasons may be the question in your mind is, “can I sell my house as-is?”.
The answer is yes, your house can be sold as-is, and there is a growing market for it.
Who will Buy Your House As-Is?
Houses can be sold without repairs for cash to investors like we buy houses for cash companies. These companies can be categorized mainly into 2 types:
i) Buy and Hold Investors
These investment companies, or individuals, buy a house and hold it to generate revenue. They can do it by converting it into a rental or holding to sell when its value appreciates over time. They may even hold it indefinitely.
ii) House Flippers:
The best way to define house flippers is that they buy houses as-is, have all the repair work done after purchase, and then sell the house for profit. Many ‘we buy houses for cash’ companies generate revenue through house flipping. These investors usually look for around 10% return on their property investment. Typically, house flippers will be willing to pay up to 70% of the after-repair value of the property minus the cost of renovation. They can be suitable candidates if you want to sell your house as-is.
Things to Consider When Selling Your House As-Is
There are a few things that you should keep in mind when selling a house without repairs:
- First and foremost, when selling a house as-is, the buyer still reserves his rights and you are legally obligated to provide all details regarding the repair issues and answer any questions the buyer has. Exception in this will only be in the case of inheritance of property, as you may not be aware of some issues yourself.
- Secondly, the buyer still reserves the right to request a home inspection.
- Last but not the least, you must consider all your options.
We buy houses for cash, but we also want what’s best for you and we understand that selling a house is a very important and very difficult decision to take and we’re here to guide you toward the best way to do it.
We Buy Houses for Cash:
At John Medina Buys Houses, we buy houses for cash as-is. If you are looking to sell your house without repairs, we can offer to give you a hassle-free service as we will be handling all paperwork and property showings, you will be asked for no agents’ fees or any additional/hidden charges. Moreover, we buy houses for cash fast, and that means that in most cases you will be given your cash offer within 24 hours of contacting us.
Contacting us to get an offer is 100% free. So give us a call at (310) 928-9688 or fill out a simple form here to get your no-obligation cash offer.
FAQ
Can I sell my house as-is?
Yes! In some cases, it may be best to sell your home as-is. This can be a good option if you want the property to be completely cleared out of furniture and personal possessions. It also comes with the benefit of allowing you to make the most money possible on your property without having to pay for any repairs or renovations.
However, you should always consult with a professional before making this decision, because some houses require more work than others to sell properly. If you’re unsure whether or not this is a good idea for you, try asking someone who has experience buying and selling houses—they’ll be able to tell you if there are any red flags in terms of your house’s condition or quality.
