You traditionally have to make repairs when selling a home. But that’s not the case when you sell your home to a cash buyer. No repairs are ever needed. The cash buying company will purchase your home “as is.”
What "As Is" Means
The designation of “as is” is used to refer to a house that the owners don’t intend to fix up before selling. When the home is listed on the market, the phrase “as is” is added to the property description. It’s a signal to potential buyers that the home may not be in move-in condition.
Necessary repairs can range from small things like broken hinges on cabinets to serious problems like a bad roof. People shopping for homes don’t always stop to inquire what the extent of repairs might be. They just move on to the next property for sale.
Why Sell "As Is"
People sell their homes “as is” for a number of reasons. Often, the house has been inherited from an elderly or ill family member who didn’t have the physical stamina or funds to keep up with regular maintenance. Or, the house may have been trashed by renters.
One common reason for selling “as is” is that the homeowners are in financial trouble. They may have lost a job or fallen behind on mortgage payments. They want to sell their house, but they just can’t afford to make repairs.
Why Cash Buyers Buy "As Is"
Cash buyers specialize in buying houses in need of repair. They will buy your house “as is,” with the full understanding that it may not be in perfect condition. That’s why you never have to worry about making repairs when you sell your house to a cash buyer.
The cash offer you receive will take into consideration the condition of the home. However, given the costs of repairs, you can easily come out ahead, financially. Repairing a home can run into thousands of dollars.
You’ll never have to invest a penny into making repairs on your home when you sell it to a cash buyer. Since you can close within a week or so, you’ll also save on ongoing expenses. You can come out ahead with a cash sale.
If you have a house in Florida that needs fixing up, you can sell it “as is” to Taggart Property Group. Click here to learn how.
