Sometimes, you just don’t have the time, money, or resources to upgrade and renovate a property to sell. When time is not on your side, and you need to sell your property quickly, selling it as is can be more profitable than you think. When you sell your property with a real estate agent, the agent will more than likely encourage you to make repairs and renovations to a property to boost the property value. They do this so that the property can sell faster and because the more of the property is worth, the more it will sell for, and the higher their commission. But did you know that you could sell your house as is?
When time and money aren’t an issue, going the traditional real estate agent route can be a great way to sell a property. But if you’re not in the situation to wait around or pay for expensive repairs, it may mean your next right step is to sell your house as-is.
Selling your house as is can be more profitable than you think. Selling to a cash buyer does not always mean you lose money. Here are a few reasons it can be a smarter investment decision to sell your house as is:
Sell Your House As Is and Put More Money in Your Pocket
Far too often, sellers get so caught up in increasing the property value that they fail to take into consideration all of the other factors that go into how much you sell your house for. Some of these factors include:
- What’s left of the mortgage
- Cost of repairs
- Agent commission
- Other closing costs
Every time you spend money on one of these things, you’re reducing the amount of money you get from the sale. The longer you hold onto your home to make repairs, the more you’re paying toward your mortgage. Every repair costs you money, and if you’re working with an agent you have to consider their commission and other closing costs. If you’re trying to make money on a sale, time is of the essence. Selling your house means you’re immediately released of the mortgage payments, don’t have an agent to pay, and don’t spend a cent on repairs.
When you sell your home as-is to a cash buyer like Texas Home Buyers, the only thing to consider is how much you sell the property for and how much of that you have to put towards the rest of the mortgage. Everything else is profit.
It Speeds Up The Sales Process
Time is money, especially in real estate, and when you sell your house as-is, you get the cash you need right away. A home that needs repairs, especially one that needs significant repairs, could sit on the market for months. During this time, you are still spending money on the mortgage, utilities, and costs associated with marketing your home. During this time, you could also be missing out on buying your next property. When you sell your house as-is, you eliminate the waiting game and the expenses that go along with it. It also allows you to get cash in your hand so you can make swift decisions about your next property.
It’s Hassle Free And Low Risk
While it can be tempting to wait around for the highest offer, these offers often come with contingencies that can complicate the contract. A buyer may offer a higher asking price but only if you agree to do some repairs or if the house passes the inspection process. The sale could also be held up until the buyer’s financing goes through or they sell their own home. This could mean more uncertainty, more waiting around, and a higher risk for the deal to fall through.
Again, if you’re working against the clock, you may not have time to adhere to these requests. When you sell your house as-is, you know exactly what you are getting for it, when you’re getting it, and what your responsibilities are for closing the deal.
Selling your house with a real estate agent works for a lot of people, and agents are good at what they do. But they’ll highly encourage you to make thousands of dollars in repairs and renovations to improve the property value, and sometimes that is just not realistic. In that case, you can sell your home as is to Texas Home Buyers, reduce risk, save money, and save time.
Want to find out how much we’ll give you for your home, as is? Click here to tell us a little about your property so we can get started!