Property sellers working in AZ are often faced with a tough decision. Should they or should they not fix the property up before they decide to sell it? To decide on the answer, the seller must look at a few factors beforehand.
Understanding an “As-Is” Home Sale
In most cases, the term “as-is” refers to the physical parts of a house. In rare cases, this term can be used to refer to the title or the deed of the house that is being sold. Selling a house “as-is” means that you will not be negotiating anything pertaining to updates or repairs to the house. However, the most states have laws about disclosure of problems of any property before it can be listing on the MLS as a tradional real estate sale or listing.
A few examples of issues that must be disclosed to potential buyers are: major problems with the plumbing, problems with the foundation of the house, structural issues, any presence of mold, and any other environmental threats that are present in or around the house.
For many, selling a house as-is in Arizona is the best choice for both the seller and the buyer.
Fixer-Uppers and Their Relevance on the Market
Many buyers are looking at the market to find deals on houses that are in need of work, often called fixer-uppers. These buyers are prepared to take care of light cosmetic work on whatever house they purchase. In most cases, buyers do not want to deal with major repairs, such as foundation issues. However, there are certain companies that do specialize in the buying of homes with larger problems, but most individual buyers will stay away from these types of homes if they can.
Should Owners First Make Repairs Before Selling House in Bad Condition?
There are other times where it will be more profitable for the seller to make repairs to their home before they put it on the market. However, choosing this avenue will require time, money, and patience. Some sellers will also need to know how to fix up their home before they choose to sell it, which can become a time-consuming project.
If you are curious as to the full retail value of your home, it is wise to look at the various houses listed on the market within your area. Check out the condition of each home and take note of how long that seller has been waiting for a buyer. Next, consider how much time and cost will be necessary for you to improve your home to the point it will be comparable to competing houses in your area.
The process of selling an as-is house in Chandler (Ocotillo), Gilbert, Scottsdale, Phoenix, Ahwatukee, or Queen Creek Arizona is not difficult. However, determining whether or not you should fix up your house before you do sell it can be tricky. If your home has an old bathroom or kitchen that is in need of an upgrade, it may be worth the effort and cost to update the space before you list it. On the flip side, a house that requires upgrades all over may be too much for a homeowner to undertake.
How to Receive the Best As-Is Condition Cash Offers for Your Home
- Take advantage of the following tips if you are considering selling my house as-is condition.
- Find out the value of the home after repairs are completed
- You’ll want to first get a good idea of how much your home will be worth if you complete the necessary repairs before you sell it. Look for a website that can calculate these numbers for you.
- Estimate what your repairs or updates will cost you
- Figure out an estimate for your repairs. Don’t be intimidated when you learn of the costs, as these numbers do not necessarily need to be exact. There is a lot of wiggle room when it comes to how much you will need to spend.
- Figure out a fair price for your home when you sell it as-is
This may be the hardest part of the selling process. It is hard to figure out what kind of discount a buyer should receive if they plan to fix up the house themselves. If your home only needs light repairs or updates, list it for sale online. If you feel that major repairs will need done to the home, save yourself the time and money by contacting a local cash home buyer in the state.
Remember, your realtor will call a cash home buyer themselves if your home needs major repairs or upgrades. Save yourself money by cutting out the middle man. Contact the cash home buyer on your own.
Figure out if the cost of the home repairs will be worth it
It’s now time to figure out if it is worth it to fix or upgrade your home before selling it. Remember to factor in certain costs that come with listing and selling a house, such as buyer concessions, escrow fees, appraisal costs, inspections, and other expenses you may not be thinking of. In many areas of Arizona, these fees can add up to 12% to the final sales price of the home.
If you have decided that you will make the repairs yourself, you’ll want to make sure you address the following issues before you list the home:
• Make repairs to the roof where needed
• Ensure that the HVAC system is working
• Ensure the appliances in the home are working
• Fix holes or damage to the ceilings or walls
• Replace old light fixtures
• Replace old ceiling fans
• Replace damaged or worn carpets
• Fix any leaking faucets
• Fix damaged windows
• Freshen up the interior with a new coat of paint where necessary
Final Thoughts to Consider
It isn’t a simple process when you are considering selling your home as-is. However, consider the advice given here to come up with a solution that best fits your situation or request as fast cash offer to buy houses as is from SellMyHouser. We buy houses in as is condition fast for cash. So if you want to sell my house fast we will give you an online offer quickly.