Hey everyone. Welcome to this week’s market corner. This is Scott Johnson coming to you with Pitt Home Buyers. This is a new segment we’re doing that’s called The Market Corner because I’m recording at the Leroy James Farmer’s Market. If you haven’t checked it out, you definitely should! Today I want to talk to you about selling your house as-is. What are the benefits of doing so? What are the downfalls or setbacks? This is a very important topic to cover since it will help you make better decisions when you’re looking at selling your house as-is in Greenville NC.
What Does That Mean To Sell My House As-Is?
As-Is means that the house is in the condition that is going to be in at closing and that you are giving no warranties to the seller that anything is going to be working or won’t need repair. They are just taking it as-is, period. By purchasing the property as-is, they know there are repairs that need to be done, and they’re willing to make them. If something else is found after closing, tough luck. The buyer has their due-diligence time prior to closing and if they don’t catch something that’s on them.
Selling As-Is Saves You Time
Now there’s a couple of benefits so selling your house as-is. The first benefit is that you’re going to save a lot of time because if you look at listing with the realtor on the MLS, you’re going to have to make sure that the house is in tip-top shape. There are certain things you’re going to need to fix. You’re going to have to take family photographs down from the wall. You’re going to have to stage it and you’re going to have to make sure can you can leave when your real estate agent is going to show it.
When selling your house as-is, none of that matters. Someone could buy sight unseen. In fact, a lot of people these days are doing that now by using Matterports, also called a 3D walkthrough of the property.
You Don’t Make Repairs
Spoiler Alert! You don’t have to make any repairs whatsoever to your house when you sell your house as-is in Greenville NC! I want to reiterate because it’s so important. Let’s say you inherited a property and it’s been sitting there for years and the roof is starting to leak. If you have eight heirs that own the property, they’re not going to want to deal with that repair. Moreover, if one of them does want to do the repairs, the other heirs won’t want to pony up the money to be able to take care of them. Does that give the proactive owner the motivation to actually fix anything? No way! So, selling your house as-is saves a lot of hassle there.
As-Is Means A Faster Sale
One of the biggest benefits is that you can sell your house fast when you’re selling it as-is. Why? Because there’s no inspection. If someone’s buying a property as-is, you don’t have to worry about any of the red-tape or waiting periods. There are people who may buy a property that needs repairs and think they can “learn as they go.” This is not a good idea! At Pitt Home Buyers we know what we’re doing. We’re able to walk through the property, figure out what’s wrong with it and say, “Okay, here’s what we’re going to have to fix. And here’s the offer that we can give you.”
The cool thing about it is since there are no banks involved or anything. It’s just fast. Super quick. We pay cash for houses, so if you’re needing to sell your house fast in Greenville NC we’re one of your best options.
You Save Money
Selling your house as-is also saves you a lot of money. It goes back to the repairs. You don’t have to pay to fix anything. So, there’s no money out of your pocket. You’re going to get a lot more money at closing. On top of that. If you’re selling as-is, you may not have to use a Greenville real estate agent. You absolutely can list with a real estate agent, and they may say, “Hey, let’s go ahead and just sell it as-is” based on the needed repairs. But the average commission for real estate agents in Greenville NC is between 5 and 6%. That’s a big chunk of change! If your real estate agent lists it and sells it, it’s 5%. But if another agent comes in and says, “I’ve got the buyer, you have the seller.” Well then, it’s going to be 6%. So, add on your closing costs of 3% for the attorney and all those fees.
If you’re selling as is to a local home buyer like Pitt Home Buyers, then you pay no fees or commissions. Zero. Zilch. Nada. That’s another huge benefit to selling your property to a local home buyer.
I hope this was helpful for you, and if you have any questions feel free to reach out. We’re happy to give you a No-Obligation Cash Offer in as little as 24 hours. Let me repeat that. A No-Obligation Cash Offer. That means I’m going to give you a cash offer, but you don’t have to take it. It’s totally up to you. It’s always good to know your options and local home buyers in Greenville are one of them. So thanks so much, everyone. Have a great day.