In most cases, homeowners are advised to repair their homes and address any issues before putting them up for sale. However, there are situations where it isn’t practical or feasible to do so.
If you are unable to take care of home repairs for any reason, we at Tampa Fast Home Buyers encourage you to consider selling your house as-is. In this article, we’ll go over some key things you should know about this approach.
- You have to disclose issues. The first thing you should know about selling a house as-is is that you are still required to inform potential buyers of the issues with the property. In other words, if you know there’s a problem with your roof, you must tell the buyers about it rather than letting them discover it for themselves.
- The buyer can negotiate repairs. Another thing you should know about selling a house as-is is that the buyer can still order a property inspection and request repairs based on the results. The buyer may be fine repairing most of the issues on their own, but they might want certain things taken care of first. If your buyer makes such a request, you can negotiate until you reach an agreement.
- You can choose which parts are “as-is.” Lastly, when selling a house as-is, you don’t have to list the whole property as-is. Instead, you can specify which areas of the house you don’t want to be responsible for. For example, if you know there are issues with your pool, you can list just that part as-is. With this approach, the buyer could request repairs to the parts of the property not listed as-is.
