Pros & Cons: Why You Should Sell Your Home As-Is
Are you getting ready to sell your home? You may be doing so in order to move to a new location or simply to generate some cash. Whatever your reason may be, selling your home as-is is a viable option. We make it even easier by purchasing homes for cash from home sellers in Polk County.
There are several pros and cons to adopting the “for sale as-is” approach.
Pro: It’s the Fastest, Most Stress-Free Method
Not every Polk County homeowner wants to deal with a long, tedious home selling process. You may not be at home enough to feel comfortable with welcoming total strangers for a tour of your property. You may also be ill or recovering from an injury. You may even be embarrassed at the present condition of your home.
If you are leery of a protracted selling process, selling your home as-is is the quick and easy solution. Your best bet in such a situation is to engage the aid and counsel of a home buying firm that will take the house off your hands for an agreed-upon sum.
Con: You Will Have to Overcome Negative Perceptions
One of the biggest cons associated with selling your property as-is is the fact that people will wonder what’s wrong with it. A great many people will see your listing and wonder if you are trying to sell them a lemon. You may end up getting fewer and less lucrative offers from potential buyers due to this negative association. However, not with us. We make it easy for you to simply request an offer on your home as-is.
The bonus will be on you to prove to a potential buyer that there is nothing seriously wrong with the house. State and Federal laws can help you in this case. For example, you are usually required to divulge to a buyer the presence of mold, termites, roof leaks, a cracked foundation, and other hazards.
If you have none of these issues to report, your home will not be considered unfixable. You are not usually compelled by law to report other, more minor issues that can be easily fixed. Some of these may still be noticeable to an observer to the point where they lower the value of your property as well as your asking price.
Pro: Selling “As-Is” Will Save You Money on Repairs
There may be legitimate reasons why you need to sell your home as-is. For example, you may simply not be able to afford to make the necessary renovations. If this is the case, selling as-is will certainly get you off the hook. As long as your home contains no major issues, you should be able to succeed in doing so.
That being said, you will do yourself a major favor by agreeing to make whatever minor renovations you can afford. For example, a fresh coat of paint on your kitchen or bathroom walls is always a good idea. If you can afford to make other similarly minor repairs, it will go a fair way toward giving your home more appeal as well as value.
If you are currently in any kind of financial distress, the as-is approach may be your only realistic option. If this is the case, your best move may be to contact our team at MEGG Homes to receive an offer.
Con: There May Be Fewer Buyers to Choose From
Selling your home on the as-is tip will normally tend to reduce the total number of potential buyers. This will be due to the reasons listed above and for other, less immediately obvious reasons. A large percentage of buyers are averse to making any kind of renovations or even buying a property that is less than sparkling brand new.
This means that your home may well sit on the market without attracting any serious offers for a protracted amount of time. If this is the case, you may end up having to reduce your asking price or make a number of repairs in order to raise its value.
Pro: Selling Your Home to MEGG is Easier Than Ever
For all of the reasons listed above, you may be on the fence about selling your home. Or you may worry about getting the best possible price for it. However, if you do not have the time or energy to make major renovations or go through the motions of a home sale, there is an easy solution.
If you want to sell your home quickly, contact MEGG Homes today. We buy homes directly from owners in Polk County. We pay cash for each home purchase. MEGG Homes also has a wide selection of updated and recently renovated properties throughout Polk County if you’re looking to buy a home. Get in touch with MEGG Homes today to learn more about how we can help you.