When the house needs repairs, or if you are in a hurry to sell, it can be difficult to decide if it makes sense to sell it AS IS, or if you would like to spend on repairs. Here’s why we think it makes sense to sell the house AS IS:
Returns on investment are not always guaranteed:
This is especially true for major repairs like foundation problems or roof fixing. For example, if houses in your neighborhood are selling for $100,000 you’d be expecting to sell the house for around the same amount. Assuming you spend around $5000 on repairs, you can still expect to be paid the market rate. But the thing with home repair projects is that you are more than likely to go over budget. You end up spending more money on the repairs while the return on investment remains unchanged. Besides, buyers are likely to be wary of homes that need major repairs – even if you have carried out the repairs. The general assumption is that if there’s a major repair, there could be other problems that may manifest over time. The best way is to sell the house as is – after disclosing the issues.
Selling a house AS IS makes sense when you’re cash strapped:
If you’re facing foreclosure or cannot afford to pay your taxes, spending money on repairs is that the last thing you want to do. Ideally, you would want to get over the sale process as quickly as possible so that you are ready to move on in life. All you need is a little ingenuity and some elbow grease to get the house sale-ready, and you’re ready to sell!
Selling a house AS IS makes perfect sense if you have inherited a house:
If you have inherited a house that you do not want to keep, selling the house AS IS makes so much sense. Most buyers willing to buy homes in AS IS condition are real estate investment companies. They’ll take care of the cleaning and remove all the junk.
If you’re in Las Vegas and looking for cash home buyers, we suggest you contact us! We buy houses in Las Vegas for cash!