Honest answer: almost never the best price. Sometimes the best net, which is a different thing and often the one that actually matters. Here is why the price is lower. As-is narrows your buyer pool to people who are comfortable taking on unknown work, and that pool leans heavily toward investors and cash buyers. Those buyers do not just deduct the cost of the repairs. They deduct the repairs, plus a margin for their risk, plus their profit. So a $20,000 repair list rarely costs you $20,000 off the price. It usually costs more. On top of that, if the condition is bad enough that the home will not satisfy a lender's requirements, you have cut out financed buyers entirely, and financed buyers are most of the retail market and the ones who pay retail prices. So when does as-is make sense? When the alternative is worse. If you do not have the cash to do the work, cannot manage contractors from another state, are settling an estate, or need speed and certainty more than you need the last dollar, as-is is a perfectly rational choice. Selling for less but closing in three weeks with no repair negotiation genuinely nets some sellers more than a long, expensive prep and a retail sale would have. Now the part that matters most, and that nobody here has said: as-is does not mean you do not have to disclose. Sellers hear "as-is" and think it means the buyer takes the house with no comeback. It does not. In nearly every state you are still legally required to disclose known material defects, and "as-is" is not a shield against a failure to disclose. Say nothing about the roof you know leaks and you can be sued after closing regardless of what the contract called the sale. As-is means you will not FIX things. It does not mean you can hide them. Related: the buyer usually still has the right to inspect and to cancel under their inspection contingency. As-is is not the same as waiving inspections. Two things that will get you a better as-is outcome. Get a pre-listing inspection and hand it to buyers up front. Counterintuitive, but it works. It removes the fear premium. Buyers bidding on an unknown assume the worst; buyers looking at a report price the actual problem. It also cuts the renegotiation at day 14, which is where as-is deals usually fall apart. Do the cheap, high-visibility things anyway. Haul the junk, clean it properly, mow the yard, and fix anything that reads as neglect. That is a few hundred dollars and it changes whether buyers see "needs work" or "has been abandoned." Those two get very different offers. Ask an agent for two numbers: your likely as-is price, and your likely price after a defined repair list with the cost of that list subtracted. Compare the nets, not the prices. Sometimes the answer is genuinely as-is. This was asked in 2021 in a much hotter market where as-is sellers did better than they typically do. Worth re-running the comparison at today's conditions. I am a real estate professional, not an attorney, so take the disclosure question to one if you have any doubt about what you must reveal. I work in Los Angeles and the South Bay, and I am glad to connect you with a good agent wherever you are. Zoltan Peresztegi, Los Angeles and South Bay real estate professional


