More often, sellers are concerned with two things:
- The price of the house
- The time it takes to close the deal
The listing price might not be the most critical factor, but the price you walk away with is the most important thing. What is the final amount you are receiving?
On the same note, timing matters too. How much time will it take to sell the house? When you sign the contract with the realtor, you are bound to work with that person for the next 3-6 months. There are times when you can wait for that long. You are willing to prepare the home for sale which includes repairs, cosmetic makeover, curb appeal improvement, photography, open house events, and so on.
However, there are situations when you cannot wait for that long. You don’t have the funds or the time to make the house market ready. In such a case, we recommend, you sell home as-is to a cash buyer.
Benefits of Selling Home As-Is
An as-is sale can save you money. When facing foreclosure, divorce or financial emergency, an as-is sale can be the right solution. Sometimes, we don’t have the funds, and we don’t want to get into more debt by spending money on repairs. You can avoid getting into more debt and protect your credit history by selling your home as-is for a cash price in Connecticut.
Sell Your Home Quickly
It is easy to sell a house fast when you choose to sell as-is. An as-is sale means, you don’t have to worry about repairs or renovations. The buyer agrees to purchase the property in its current condition.
Avoid the Stress After Inheriting a House
Sometimes, after inheriting a house, the best option is to sell the property. When you inherit a home with siblings, the best path is to sell the home and split the profit. An as-is sale can help you solve the matter quickly.
How Can You Sell a Home As-Is in Connecticut?
The process is simple but requires some work from your side. As a seller, it is your job to disclose any issues with the property including:
- Structural problems
- Mold/termite damage
- Presence of asbestos
- Tittle issues/liens
- Plumbing/electrical issues
A Pre-listing Inspection
Get an inspection report before you list the home for sale. It will point out hidden issues with the property. You’ll know the condition of the structure, roof, electrical systems, and wiring in the house. A pre-listing inspection also helps with pricing.
Get a Repair Estimate
Since you are selling as-is, the buyer will need to tackle the required repairs. You can contact contractors in your area to get an estimate for the listed repairs. The forecast will give you a good idea of the time & money required to repair the property. If feasible, you can fix the property and sell your home in the retail market. The estimate will clarify whether it is possible or not.
Choose a Real Estate Investor
If you want to sell home as-is, you can sell the property to a cash buyer. There are benefits of selling the home to cash buyer such as that you get the cash. You can close the deal in next 7-10 days without worrying about repairs, realtor commissions or even the mortgage approval.
A cash offer can accelerate the sales price as now inspection or repairs are not your responsibility. The cash is available. The buyer assumes the risks associated with an as-is sale.