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Can I get the best price for my home selling it as-is?
Asked By Michael O. | 681 views | Selling | Updated 3 years ago
Answer(7)
Jason Craig
Coldwell Banker
Selling a home "as‑is" means you're not willing to make any repairs or improvements before closing. While this can be convenient, it usually signals to buyers that there may be hidden issues, which reduces competition and attracts investors looking for a discount. Most retail buyers are willing to pay more for a house that is clean, well maintained and move‑in ready.
If you want the best possible price, focus on addressing major items that could scare buyers off, such as roof, HVAC, structural or plumbing problems. You don't have to renovate the entire home, but inexpensive fixes like fresh paint, landscaping, replacing dated fixtures and deep cleaning can dramatically improve first impressions. Ordering a pre‑listing inspection can also help you understand what buyers will find and either fix those items or price the house accordingly.
Ultimately the decision depends on your budget, timeline and the state of your local market. An experienced listing agent can help you compare the cost of repairs against the likely increase in sale price and suggest options like offering repair credits or an "as‑is" price reduction to keep more buyers interested.
If you want the best possible price, focus on addressing major items that could scare buyers off, such as roof, HVAC, structural or plumbing problems. You don't have to renovate the entire home, but inexpensive fixes like fresh paint, landscaping, replacing dated fixtures and deep cleaning can dramatically improve first impressions. Ordering a pre‑listing inspection can also help you understand what buyers will find and either fix those items or price the house accordingly.
Ultimately the decision depends on your budget, timeline and the state of your local market. An experienced listing agent can help you compare the cost of repairs against the likely increase in sale price and suggest options like offering repair credits or an "as‑is" price reduction to keep more buyers interested.
- 4 months ago
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Spirit Messingham
Tierra Antigua Realty
Depends where you live. Here in Arizona we no longer have any warrantied items as per lines 191-199 of the 11 page Arizona purchase contract. In short, the property is sold in the current condition it is in at the time of offer, we no longer have an "as-is" addendum that we use because of this change (purchase contract changed to reflect Feb 2017). Talk to a local realtor to see what your market will allow. Here in Tucson, AZ it is an extreme seller's market. Some buyers are waiving their inspections on the offer in order to purchase the home. Good luck! Spirit
- 4 years ago
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Alfred Galvan
eXp Realty of California
Hello Micahel, the answer is yes and even more. It's a seller's market I'm here to help if you have any more questions feel free to reach out to me.- Alfred
- 4 years ago
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Hector Gastelum
The Gastelum Organization
Michael,
Depending on the home, your time and your liquidity, some minor fixes can return a very nice return.
Depending on the home, your time and your liquidity, some minor fixes can return a very nice return.
- 4 years ago
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Nancy Phander
Coldwell Banker Flanagan Realty
This means that you, as seller, do not intend on making any repairs to the property as part of the sale process. You might have to set the sale price taking into account the condition of the property and reduced the price accordingly. As for the best price I would have to see the property to give you more of an idea
- 4 years ago
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Timothy Theiss
eXp Realty
Hi Michael,. The answer to your question starts with "that depends . . .". Condition and price go hand in hand (usually). However, currently in the Phoenix Metro area, Seller's are getting multiple offers and some offers are over the asking the price. If your home is move-in ready in a decent location, and is priced based on comparable sales in the neighborhood - you should be able to get top dollar, As-is.
- 4 years ago
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Brooke Metz
eXp Realty
Hi Michael,
In a hot market such as this, selling as-is shouldn't hurt your pricing as long as you aren't facing major structural or safety issues. Many buyers in a competitive market are solely having their inspections to ensure there are no major defects or safety concerns. Depending on your buyer pool where your home is located as well, the loan types that you anticipate on receiving may slightly impact this due to the appraisal requirements of FHA vs. Conventional for example! Happy to help in any other way!
In a hot market such as this, selling as-is shouldn't hurt your pricing as long as you aren't facing major structural or safety issues. Many buyers in a competitive market are solely having their inspections to ensure there are no major defects or safety concerns. Depending on your buyer pool where your home is located as well, the loan types that you anticipate on receiving may slightly impact this due to the appraisal requirements of FHA vs. Conventional for example! Happy to help in any other way!
- 4 years ago
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