How to Sell a House As-Is In When It Needs Repairs?
Worried about how to sell a house as-is that is in poor condition? Well, that is a trial faced by many. It is not easy to drive someone to purchase a house with a leaky roof, cracked walls, and a poor foundation. Selling your home in Houston in such a condition might be quite challenging.
Selling a house in Houston in as-is condition is a wise choice in such a case. Selling a house as-is means that you are selling the property in its present condition or state, given that there are no changes, repairs, repaints, or renovations done before the sale.
The current faults and issues remain as they are and the house is sold just the way it is. The term “As-is” is used as it is the legal terminology and definition. Investors and cash buyers in Houston will include the terms in the paperwork.
Let us understand what category your house falls in.
- Looks good, but needs upgrades – Houses with ignored maintenance or general repair come under this category. Such properties usually have an old-fashioned kitchen, messy interior, damaged floors, outdated bathrooms, cracking paint, worn-out exterior, and non-operational light fittings.
- Noticeable repairs required – Residential with further severe difficulties like electrical/ plumbing/ foundation issues, damaged roof, defective HVAC, damaged flooring, and non-functioning faucets.
- Absolutely uninhabitable – Properties with numerous issues that make it uninhabitable include serious roof damage, termite invasion, severe foundation, asbestos or lead issues, and complete chimney damage.
Pondering how to sell your house as-is in such poor condition? Here is what you can do:
Smart Solution To Selling A House In Bad Condition As-Is In Houston
Seen sign boards that go ‘We’ll purchase your house for cash or ‘We purchase ugly homes for sale in any condition’. Many savvy investors in the market are always waiting to quickly buy damaged properties for cash. The BBB (Better Business Bureau) rates Greater Houston House as the #1 cash buyer in Houston.
If you are facing monetary, time, or motivation issues to fix up your house, you can consider selling your house fast to us in Houston. All you need to do is give a complete disclosure about any known difficulties. We will then take up the responsibility for the required repairs.
Since there is no involvement of any real estate agent, you don’t have to pay any commissions.
Unlike traditional real estate dealings, selling your house for cash is very fast, no need to wait for the buyer’s loan approval. Since there is no real estate agent, home supervisor, or appraiser involved. We will handle all the paperwork.
Usually, an investor will make a cash offer within 24 hours after meeting you. If you accept it, you will receive the full payment within a few days. This payment will not have any deductions for closing costs or hidden fees. Here’s what you go about if you choose to sell your house in Houston to us.
And, here is how the process go:
- Reach us via call, email or meet us directly
- We will present a fair no-obligation cash offer
- Accept the offer and sign the contract. Set a closing date
- On the closing day, get your cash in hand
When to Approach Cash Buying Companies that Buy Houses As-Is?
There are a lot of reasons why people sell their houses. Some of them may be considering buying another house that’s bigger, some may be willing to sell their flooded house, while others may be relocating to some other city, state or country.
The process of selling a house is rarely simple, and some individuals cannot afford to wait that long for a deal to close.
There are many situations when you might think of approaching house buying companies that buy houses in any condition:
- If you want to sell an old house quickly without having to do any renovations or repairs.
- If your house has been renovated but you still want a quick deal to move somewhere else for a job.
- If you require quick money to purchase a bigger and better house.
- If you are going through a difficult time due to divorce and need to sell your house immediately
- If you want to sell your multi-storeyed house due to health issues
- If your house got badly damaged due to flood
- If you want to sell your house but are unable to do so due to bad tenants
Whatever your case may be, the companies that buy houses for cash in any condition, comes as a rescue for you.
What Are The Advantages Of Selling House To A Cash House Buying Company
Decluttering, renovating, evaluating the buyers’ market, and showcasing are just a few of the steps involved in selling a house through the traditional method. These tasks might take weeks or even months to complete.
Fortunately, companies that buy houses in any condition are there to support you in completing this task as quickly as possible. Here are some of the reasons why approaching them is a good idea:
- They Will Buy Your House “As-Is”
House-buying companies are interested in buying homes even if they are in poor condition. If you don’t have the time or money to carry out the necessary repairs, you may simply call a good house-buying company like Greater Houston Houses.
We buy houses as-is. Once you contact us we will come to your house, inspect the property and offer you the most accurate pricing quote we can for your house.
- Commissions Aren’t Required
Those who are able to get more than the fair market value for their house usually do it with the help of real estate agents. However, a real estate agent charges a hefty fee or commission.
Though you may be able to sell your home for a higher price, you must also pay for other aspects of the transaction. You won’t have to deal with any of that if you work with a house buying company.
- You Will Be Paid In Cash
House buying companies have the cash on hand to buy your house right away. Of course, just because they have the cash doesn’t mean you have to say yes right away, but if getting cash quickly is a priority, this might be a big determining factor. Greater Houston Houses is a reputed company that buys houses for cash.
- They Can Deal With Foreclosure Issues
Because they can no longer make their loan payments, some people are forced to sell their houses. In such cases, they may face foreclosure, which may leave a stain on their credit reports.
This situation can be avoided by selling the house to house buying companies . Apart from getting paid in cash, having a foreclosure on the credit score can be avoided.
- They Have The Ability To Close Deals Quickly
The paperwork needed in house selling is one of the reasons why they take so long. Also, buyers can be difficult to find sometimes. And there are situations when buyers suddenly pull out of a contract when you think it’s final.
House buyers take care of the payments as well as all the paperwork, which removes your tension. You can be sure that if you say yes to their offer, it’s as good as done.
Now there’s a misconception amongst sellers that this sale of the property in its current untouched state would not make as much money as they expect. They are constantly in a conundrum whether it’s viable to make renovations before selling, which would cost them more with the uncertainty of profits, or to sell the property as-is. Or will it backfire either way to go ahead? Here’s the deal…
How Selling A House As-Is For Cash Can Get You More Money Than You Anticipated
Let’s look into the reasons why profits are higher if you choose to sell your home as-is online or traditionally:
- It is an investment gold mine:
As-is houses for sale are typically listed at lower selling prices, making the buyers believe that it is a fixer-upper, meaning there is a huge possibility of the return of investments. Investors want to buy, renovate and sell for a profit.
Selling your house “as-is” right now will attract buyers for sure. To draw a better picture, renovation costs of a 2000 sq.ft. house could cost between $150-200,000. That’s a lot for you to save, and a lot more for investors to get a return in. Thereby, this makes your house a worthy investment for investors and cash buyers in Houston, especially with the kind of status quo right now.
- Save and get more:
Selling a house in its current state will save you the cost of repairs, cut off a lot of time to make a sale, and make you a good amount of money. This option is the most feasible if you are in immediate need of some cash, or you want to get rid of a house that you don’t want to repair.
Either way, you end up saving and making bucks. Make sure your contract distinctively and clearly states the conditions before selling to avoid future problems before sealing any deal.
Even if you are a seller who just wants to get in the game and make money, dive in now.
There are situations where sellers are distressed and are not able to make a deal with the process it entails. There are incapacitated sellers and homeowners that need to get rid of their property.
The reasons may lie in some serious illness, less-to-no knowledge of the market, or you just don’t want to fall into the real-estate tussle. But selling your house is still an issue. The “as-is” way of selling your house is the easiest option you can find right now.
On A Closing Note…
If the idea of picking which repairs to prioritize, making those repairs, paying for the repairs, and then marketing a house gives you a headache, consider this simpler and best option: Selling your house without repairs for cash to a cash buyer.
This is not only the quickest solution, but you will also save money and time by not having to pay out of pocket for repairs and upgrades. In fact, you won’t have to do anything to get your home ready for sale.
Greater Houston Houses specializes in buying homes in need of serious repairs for cash. You won’t have to market the house and won’t have to pay any fees or commissions.
Greater Houston Houses buys houses as-is, so there’s no need to repair anything! Get a quotation for a cash offer for your home by contacting us today. We’re here to answer your concerns and help you in selling your home fast and as-is!
Contact us today if you’re in Texas and want to sell your house for cash. We’ve been a trusted house-buying company in many parts of Texas for many years and have a lot of expertise in making things happen in the real estate market. Call our team now to let us see what we can do for you!