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Can I sell as is?
have not been able to sell my commercial building in cooperstown for almost 10 years. has leaking roof w/some interior damage. have not been able to get someone to fix it. can i sell it as is? how much will i lose?
Asked By Richard G. | Cooperstown, NY | 792 views | Selling | Updated 3 years ago
Answer(2)
Irene and Ricky Zhang
Keller Williams Irvine
Yes, you can absolutely sell a property as-is, even if it has a leaking roof, interior damage, or long-term deferred maintenance. Selling as-is simply means you’re choosing not to repair anything before listing. The biggest factor to understand is how pricing and buyer expectations will affect your final sale price.
Properties with structural or water damage typically attract cash buyers, investors, or developers — people who specialize in renovation projects and are comfortable taking on risk. These buyers will factor repair costs and profit margin into their offers, so the home will likely sell below full market value. How much you may lose depends on the extent of damage, local commercial demand, and whether the property sits in a growth area with long-term upside.
Even though your property is in Cooperstown, the selling dynamics are similar to what we see in competitive markets like Irvine:
Correct pricing is crucial
Clear disclosures reduce liability
Marketing directly to investors delivers better results
To estimate your potential loss, compare recent sales of similar commercial buildings in similar condition and subtract the realistic cost of repairing the roof, interior, and any structural issues.
As top realtors in Irvine, Irene and Ricky Zhang Real Estate Group often help sellers evaluate whether repairs are worthwhile, calculate net proceeds, and position as-is properties to attract serious investor interest. While you’ll need a local commercial specialist to sell in Cooperstown, the strategy is the same: price accurately, disclose fully, and target buyers who see opportunity—not just problems.
Properties with structural or water damage typically attract cash buyers, investors, or developers — people who specialize in renovation projects and are comfortable taking on risk. These buyers will factor repair costs and profit margin into their offers, so the home will likely sell below full market value. How much you may lose depends on the extent of damage, local commercial demand, and whether the property sits in a growth area with long-term upside.
Even though your property is in Cooperstown, the selling dynamics are similar to what we see in competitive markets like Irvine:
Correct pricing is crucial
Clear disclosures reduce liability
Marketing directly to investors delivers better results
To estimate your potential loss, compare recent sales of similar commercial buildings in similar condition and subtract the realistic cost of repairing the roof, interior, and any structural issues.
As top realtors in Irvine, Irene and Ricky Zhang Real Estate Group often help sellers evaluate whether repairs are worthwhile, calculate net proceeds, and position as-is properties to attract serious investor interest. While you’ll need a local commercial specialist to sell in Cooperstown, the strategy is the same: price accurately, disclose fully, and target buyers who see opportunity—not just problems.
- 1 month ago
Helpful (0)
Unhelpful (0)
Steve Leth
eXp Realty
Hi Richard,
This is a really hard question to answer on a commercial building without getting too much of the details. 1. Have you had buyers interested and go through the 2-3 phases of due diligence and then back out? If so then you may know why a buyer would be interested, but then back out after going through the due diligence period. 2. If you are not getting buyers to even start the due diligence process then it usually comes down to price. You can always sell it as-is, but know buyers will want whatever repairs to come off the asking price. You may be able to get the repairs done at a cheaper cost than what you would reduce in price. An estimate of repairs would be beneficial in this case. Where and how are you marketing your property? Loopnet would be a great start. A commercial broker would also be something to consider. Hope some of these ideas help in your thought process of what to do next.
This is a really hard question to answer on a commercial building without getting too much of the details. 1. Have you had buyers interested and go through the 2-3 phases of due diligence and then back out? If so then you may know why a buyer would be interested, but then back out after going through the due diligence period. 2. If you are not getting buyers to even start the due diligence process then it usually comes down to price. You can always sell it as-is, but know buyers will want whatever repairs to come off the asking price. You may be able to get the repairs done at a cheaper cost than what you would reduce in price. An estimate of repairs would be beneficial in this case. Where and how are you marketing your property? Loopnet would be a great start. A commercial broker would also be something to consider. Hope some of these ideas help in your thought process of what to do next.
- 4 years ago
- Helpful (0)
- Unhelpful (0)
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