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Sell My House As-Is

Pros and Cons of Selling Your House AS-IS

Want to “Sell My House As-Is?”

Do you want answers on selling without making any repairs?

We will cover the PROS and CONS of selling your house as-is.

Do you want to sell as is but feel you still deserve a good price? 

We can get you all of that and more right here!

This Sell My House As-Is Guide will teach you all you need to now… RIGHT NOW!

Shall we begin?

Sell your house as-is for a great price video

Check it out the video then  keep reading.

Do you really want to miss these GEMS?

Sell My House As-Is Contents

Table of Contents

Sell-House-as-is

Who will buy my house as is?

The person or company that buys your house as is will most likely be a real estate investor, also known as a cash home buyer. 

Cash home buyers purchase properties that need repairs as an investment opportunity. After purchasing your home they will do renovations and updates to add value. That is why a cash home buyer or real estate investor will be the one who will buy your house in as is condition.  

Video Content:
Real estate investors can buy as-is which makes it the fastest way to sell. Learn why right now!

What Does it Mean to Sell My House As Is?

We buy houses As Is, but what does As Is actually mean?

Did that make sense to you?

As-Is means exactly what the current condition of the as is house is on the day we walk through it for our quick inspection. 

You don’t have to make any repairs. Heck, you don’t even have to take the trash out. We will take care of everything including buying the kitchen sink… AS-IS!!!

Actually, check this out… We bought this property as-is and if needed the sink and all!

Need to Sell Fast?

Or just have a question?

Why do Cash Buyers buy houses as is?

Cash Buyers, AKA real estate investors, buy houses as is because they can increase the value of the house while still making a profit. 

To increase the house value they must make renovations and repairs. These can cost a lot of money. As they are professionals in the business they have the ability to renovate homes for a much lower price than most people can. 

To ensure they can stay in business cash buyers try to buy a house using the following equation:

(ARV – Renovation costs) x 0.70 = Fair Purchase Price.

ARV = After Rehab Value

This is a general rule and if adhered to strictly may rob the investor of some opportunities. 

If you want to sell your house as-is while still getting a good price then I would advise working with a local investor as they will know the true value of your house after it is fixed up and may be able to pay you more.

Video Content:
You can sell as is and still get a good price by negotiating. Learn how!

Should You Sell Your House As-Is?

Selling as-is is not for everybody. Let’s face it. We are not a one size fits all kind of species, right?

There are benefits to selling a house as-is but there can also be a downside also.

Pros of Selling a House As Is

Selling As-Is will save you a ton of time!

Selling a house as is with a realtor will take at least several months. And that doesn’t include the time it takes to do renovations and repairs. 

For the average homeowner expect it to take a week for every $100-$3000 of repairs you plan to make. Selling without making repairs obviously eliminates this process.

You save money not making repairs!

Making repairs costs a lot of money! Did you know the average kitchen remodel is over $25,000!!! 

Another thing when you start making repairs is things appear that you couldn’t see adding more cost. 

If you sell your house as-is you know exactly how much profit you get.

Selling as-is means you will not be hit up with repairs to make during the inspection period. WHY?

Because you are selling as-is1 This means right from the time you receive our cash offer you know exactly how much cash you are going to walk away with!

Cons of selling a house as-is

Selling as-is often means a realtor is not involved in looking out for you. Therefore it is very important you have a good understanding of what your house is worth in its current condition. 

Understanding the value of your house means you will get a fair deal. 

How to Sell a House in As Is Condition

We already mentioned that selling a house as-is does require some fact-finding on the seller’s (your) end. 

This is to make sure you get a fair price when you sell. 

If you know anyone in the industry now might be a good time to reach out for some advice. 

A local real estate agent could be a great source of information

A local expert real estate agent would be a great source of information. They could give you details on the value of your house as it currently stands. 

They could show you other homes that recently sold and the condition they were in.

Many of these houses would not be in as-is condition so you will have to make adjustments for that. 

You can do this by working out the cost of each item that was repaired. This is a big part of running comps. That is, understanding the difference between houses as is, i.e. with and without repairs and renovations.

Understanding the current trends in Denver’s market is going to give you an edge when selling. 

Understand and set a fair sales price

It all comes back to pricing it right, RIGHT?

AND knowing what you would be happy selling it for. 

The best way to gauge and set a price is by running comps. This is where you look at other property that has recently sold that is nearby. It should also be in a similar condition.

The best comps will be the same size, the same condition, and need the same repairs that your home needs.

Selling a house as is requires all the same steps. Wehn running comps it is really useful if you can find other houses as is that sold. 

Should I do an inspection or get cost estimates?

When selling a property as-is I personally would not spend the money on getting an inspection. It will just eat into your cash profit.

If you are unsure about certain items a buyer is wanting to negotiate with you on then maybe it is a good idea at that point.

AND REMEMBER…

YOU CAN ALWAYS WALK AWAY

When you sell to us you are always in control. You are never obligated to sell to us no matter where we are in the process. 

Can you leave stuff behind when you sell your house?

Yes, you can.

When you sell us a house as-is you can leave everything behind if you like. When we buy houses as-is we absolutely buy them as is. No cleaning, no repairs no renovations, NOTHING. 

We make selling as-is fair and simple!

Do I have to Clean When I Sell My Property As-Is?

This may seem like we’re repeating ourselves but we are frequently asked if the house needs to be cleaned when selling it as-is.

THE ANSWER?

NO! You do not have to clean your property when you sell it as-is.

Easy, right?

Need to Sell Fast?

Or just have a question?

How to Sell a House in As Is Condition and Get a Good Price?

The video will talk about selling your property to a cah buyer, as-is while still getting a good price for it. 

Did you watch the video about selling as-is and getting a good price?

How do i sell my house as-is and still get a fair price?

Getting a fair price for your house, even though you don’t make repairs is achievable. 

I like to think of selling as-is for cash the same as trading in your car at a dealership. Lot’s of people do this even though they get less than retail. 

AND Why?

Because at the end of the day selling it to a professional buyer is faster, you still get good money, and there are none of the hassles or stress involved that other people get when selling a car, or selling a house!

Is Selling My House As Is Legit?

It may seem odd that we would buy a house as-is but let me assure you that our intent is honest and out offer is 100% legitimate.

We buy houses as-is because we can make repairs using our own team. This affords us great pricing that lets us fix it up for less than most home-owners would be able to do it for. 

After we make all the repairs and renovations to the house we then rent them out or sometimes we sell them. 

However now, instead of selling as-is for cash we list them on the MLS for full list price.

So as you can see it makes sense for us to buy homes as-is. We are a legitmiate option for you to sell to and let us make all the repairs.

Can I Sell My Inherited Property As-Is?

Absolutely, you can sell a house you inherited as-is. This can be extremely beneficial because we have seen our fair share f inherited houses that need a ton of repairs. If you were required to fix everything it could take a long time and cost a lot.

As professionals in the real estate business we buy houses as-is and then upgrade them ourselves. This is how we restore value to the house and upgrade the community. 

There are some interesting tax laws and documentation required when selling a real estate you inherited so be sure to work with a cash buyer who has an experience like Watson Buys. We have a team dedicated to ensuring all the t’s are crossed and the i’s dotted. We make it simple to sell to us!

If you are selling inherited property and want a solution to sell as-is and fast let us know. We can 100% help you!

For some further information about the inheritance process at the government, level check out these resources.

Colorado Judicial Branch – Denver Probate Court.

Jefferson County, Colorado Court Information.

 

Watson Buys purchases houses as-is from an office based in Denver, Colorado

We have an office on the east side of Denver for your convenience. Of course, you can swing by or just give us a call to chat about the options you have for selling us your house without fixing anything!

We buy houses as-is from our location in Golden, CO

Watson Buys has a second location on the Colorado front range in Golden, Colorado. Same deal in that we have specialists ready to buy your house as-is from here too!

Watson buys has a location in the Circle City where we can visit you and give you a cash offer on your home that is tailored to you and what you need. 

 

Need to Sell Fast?

Or just have a question?

Sell Your House As-Is and Leave the Repairs to Us

Alternative to Selling Your House As Is...

An alternative to selling your house as is means buckling down making all the repairs and renovations yourself.

This doesn’t mean literally picking up a hammer yourself but if you do this you will save a lot of money. But if you’re not too handy then making the repairs will involve hiring a contractor to do it for you.

Advantage of doing repairs on your house

The biggest advantage of selling your house after you’ve repeated everything is obviously it will sell for a higher price. However, this doesn’t always mean you will pocket more cash.

Let’s think about an example.

I want to sell my house and I want to sell my house fast.

I have to decide between selling my house as is or selling my house after making repairs.

Let’s say if I sell my house as-is I can sell it for $100,000. Now if I take my house and do all the repairs on it I can sell it for $125,000.

Am I making $25,000?

We have to take into account the cost involved in taking the house from as is condition into a fully renovated condition.

Clearly, if you spent $25,000 doing the renovations and repairs on the property then not only have you not made any more money but you’ve taken on additional risk. in that case, it would definitely not be with fixing it up but instead, the best choice would be selling your house as is.

Let’s say all the repairs only cost $10,000 however you could still sell the house for $125,000. is this was the case now the difference is $15,000. this might be more enticing to make the repairs on the house instead of selling as is.

There are several factors involved and making this choice. The first comes down to what kind of return on the investment you want when making repairs what doing the renovations.

Another factor is understanding how convenient you want to house sale to be. Clearly selling as is as much easier and much less work and doing all the repairs yourself.

Making the call between doing repairs on the property, or not having to do repairs is up to you. 

Either way, if you want some help we are happy to show you what your house will sell for after renovations. 

Finding out how much it would take to do the repairs would be up to you as what it would cost you would be different from what it would cost us.

Good luck for sure!

Sell My Condo or Apartment As Is

Let's talk specifically about selling your condo or apartment as is

Thinking about selling your apartment as is?

Do you have a condo in Denver in a state of disrepair? 

Read this amazing ultimate guide for owners looking to sell their condo or apartment. You can save cost, time and money by skipping repairs and selling as-is for cash.

Even though your home may need fixing up, there are buyers willing to purchase it as-is. Typically you will have to sell it off-market. These cash buyers can purchase your home as is, quickly and for a fair price. As the seller, you must understand what the process looks like before you make the call.

Table of Contents
Should I sell my condo as-is off-market?
What does it mean to sell my apartment without doing repairs?
Most commons reasons to sell as is
Should you sell as is or renovate?
Selling as is vs. selling on the market
Comparing different ways to sell your condo
What to look out for when selling a apartment as is in Denver

Choosing to sell your condo off the market

If you’re considering selling your condo as is, it means you’re choosing to go outside the traditional way to sell an apartment. This is likely because the repairs and fixes required to get the apartment market-ready aren’t worth your time or money.

Here are a few of the situations in which homeowners may want to sell their condo as is:

They need to move suddenly for a job change, family or health issue, or financial reasons.
The home was passed on to them in a will or as part of an inheritance.
The apartment was an investment or rental property and the seller is looking to offload it.
The owner doesn’t want to deal with a real estate agent or invest the time to find a prospective buyer for the home.

Deciding to sell a apartment as is involves a tradeoff. In exchange for a fast, simple, and direct cash transaction, the seller typically accepts a lower price than in a traditional sale. The as-is home seller avoids making repairs or major renovations and skips the conventional steps involved in a market real estate transaction.

Here’s what you need to know about how to sell a condo as is and whether it’s the best move for you financially.

What does it mean to sell a apartment as is?

A popular way to sell your home is through a real estate agent that uses MLS (multiple listing service) to list your home. MLS is a service used by agents and brokers. The main advantage of using a real estate agent and MLS is the fact that you’ll probably get more buyers being able to find your home. This is a viable option for homeowners who are not in a rush and can wait to find the right buyer.

But listing a home for sale with an agent probably requires your home to be in “move-in ready” condition. Perhaps you’re pressed for time and need to get out of the home quickly. Or, maybe the condo needs expensive repairs that you can’t afford.

When you sell your condo as is, you’re forgoing the use of a real estate agent and choosing to not list your apartment on the MLS. This is also known as an off-market transaction. An as is sale means you’re selling your home without repairing it, staging it, or fixing cosmetic issues. It’s mean for homeowners who don’t have the time or money to get everything done and wait for a buyer.

Most common reasons to sell a home as is

As mentioned previously, there are many reasons homeowners may want to sell their home as is. Typically, these boil down to a combination of life circumstances and a lack of time, money, or renovation expertise.

Specifically, these life reasons may compel a homeowner to sell their home as is:

Death of a family member
Divorce
Bankruptcy
Foreclosure

Other reasons to sell a home as is may be due to:

Privacy (homeowner doesn’t want buyers coming into their home)
General desire for simplicity (no agents to deal with, no contracts, fewer fees)
Neighborhood is not gentrifying as expected

As a home is one of the biggest investments in a person’s life, uncertainty of the future may be another driving factor in wanting to sell quickly. Historically, a recession or economic downturn may increase the need to sell a property. In recent times, the economy is taking a massive hit due to coronavirus.

Will a pandemic affect selling your apartment as is?
With coronavirus impacting the U.S. and world economy, financial experts warn that we could experience a housing crash similar to that of 2008. With stock markets plummeting, will the housing market suffer? Could COVID-19 drive home prices and sales to the ground?

While home prices and sales of homes may see a dip, new laws and housing regulations could help prevent a second coming of the last housing crash. Nevertheless, it’s important to stay on top of how current events affect your finances, especially if you have plans to tap the equity in your home.

Selling a condo as is in Denver when it needs repairs

If you’re considering selling a apartment as is in Denver, the condo is probably not in great condition. Hence the “as is” part. The home may need expensive, time-consuming repairs. As a busy homeowner, this is never a fun place to be.

A smart repair strategy is to focus on addressing big-ticket items such as plumbing, electricity, and roofing. Pay most attention to structural issues you need to fix before a sale. It also helps to stay on top of basic safety and compliance issues, like old electrical wiring or loose railings.

Another consideration is to sell your home to a cash buyer or investor and skip the remodeling altogether. At Sundae, our Market Experts can visit your property and make a same day cash offer to buy your condo directly. Learn more here.

Should you sell your Denver apartment as is or renovate?

Selling a condo or apartment as-is in Denver.

If you’re faced with the decision to sell your condo as is or go the renovation route, the biggest obstacle is figuring out whether the repairs are worth the investment. Major updates such as a new roof or having to deal with foundational issues are costly and take months to fix.

On the other hand, if your condo only requires minor repairs such as replacing a kitchen sink or installing new cabinets, you may want to address those issues and then list it for sale.

If the home is in decent condition, consider listing it on MLS with the help of a real estate agent. Remember, this option means you’d need to spend the time and money to fix it up. Also, listing it on MLS and using an agent requires you to pay realtor commission fees, closing costs, and the holding costs while you wait to sell.

Pros and cons of selling a condo as is in Denver
As with any big money decision, there are advantages and disadvantages. Here’s what to consider when deciding how to sell your apartment.

Pros of selling a condo as is in Denver:
Save money: You won’t have to fork up a lump sum of cash to make expensive repairs. You also won’t pay agent fees, transaction costs, and holding expenses.
Save time: You won’t have to spend time and effort coordinating with contractors and getting repairs done, which may take months. You also bypass the time taken by showings, cleanings, open condos, and other steps in the traditional listing process.
Avoid stress: Putting your apartment on the market the traditional way means you need to wait for a buyer to view your apartment and then make an offer. Selling as is means avoiding the uncertainty of waiting, negotiating, and navigating a complex process.
Cons of selling a condo as is in Denver:
Lower sales price: You may not get as much money in the transaction.
Vetting buyers: You’ll need to be responsible for comparing offers and researching buyers.
Do-it-yourself: You are responsible for closing the transaction of the home purchase without the help of an agent.

Selling the Condo or Apartment as is vs. selling on the market

When you sell your condo on the market, you’re likely signing a contract to work directly and exclusively with a real estate agent. Ideally, the agent has all of the marketing tools (and connections) to push the sale of your home in a timely manner. An agent lists the home on MLS, coordinates open apartments, and is the point person for the home’s closing transaction.

When the condo sells, the agent takes a cut of the sale, usually between 5 and 6 percent of the home’s sale price. Note that many real estate agent agreements have a clause that states they have the “exclusive right to sell.” It means the agent will receive a commission regardless of who finds the buyer.

While selling with a real estate agent is a popular way many homeowners sell their property, it’s expensive. It’s also best suited for updated homes. Because buying a condo is a huge financial decision, most buyers want homes that they can live in immediately.

There are other, more clever options to find a buyer. You’ll just have to be prepared to put in the legwork. Here are three alternatives.

Alternative #1: Selling to a cash buyer
When you sell to a cash buyer, you’re selling off market and not listing your apartment on an MLS.

An investor or cash buyer purchases homes so they can renovate and resell the condo for a profit. These kinds of buyers may not need to see the condo or be concerned with renovations since they plan on making repairs anyway. Because of this, a cash buyer may present a hassle-free way to quickly sell your home.

It could also be a way to avoid paying hefty closing fees. With a homebuyer like Sundae, you can close in as little as 10 days. This is very helpful if time is of the essence and you have to vacate quickly. If you need cash upfront, you could also ask for an advance. Sundae offers up to $10,000.

Keep in mind that you will need to negotiate on your own and work with the buyer on closing transactions, such as escrow and title. These types of transactions are traditionally handled by the real estate broker and lender. You are also responsible for shopping around and comparing offers.

Remember to do your research before you draw up a contract to sell. Choose the best buyer, as not all buyers are the same. Look for online reviews and testimonials from real customers to help you decide.

Alternative #2: Selling to an iBuyer
Within the last few years, iBuyers have become increasingly popular. An iBuyer is basically a real estate company that uses technology to estimate your home’s value so they can make an offer to purchase it from you directly.

Just like any of the other options, it’s important you do your homework so you know the potential risks of partnering with an iBuyer when selling a apartment as is in Denver.

Alternative #3: Listing the home for sale by owner (FSBO)
While it may seem simple to list your home on your own, there are many challenges. You need to accurately price your home, show it to potential buyers (through open condos or virtual tours), as well as manage the paperwork and financial aspects of the sale.

FSBO requires a lot of time and effort on your part. The potential upside is you can save on the transaction because you’re cutting out the real estate agent. But if anything goes wrong, the full burden is on you.

Comparing different ways to sell a condo or apartment as-is

Comparing different ways to sell your condo
It may help you to understand what the term net proceeds means, especially if you don’t have a lot of experience selling a apartment. It’s the amount or profit you’ll receive after you sell your condo, minus all expenses that went into the transaction. These include:

Commissions
Closing costs
Repairs and concessions
Transaction fees
Holding costs

If you’re trying to decide if you should sell your condo as is, the table below serves as a guide for what to be aware of. The cost estimates here use industry averages.

 

 

Off Market (As Is

iBuyer

FSBO

On the MLS

Agent commissions

None

None

3%

6%

Closing Cost

None

2% of sale

2%

2%

Repairs

Zero

iBuyer dictates

Seller decides

Seller decides

Other potential costs

None

iBuyer fees (5-9% of sale)

Cleanings, holding costs, concessions

Cleanings, staging, holding costs, concessions

Time to sell

Immediate

Immediate

Average of 90 days

Average of 60 days

Flexible closing

Yes

As little as 14 days

Depends on buyer

Depends on buyer

Sale price

Fair Market Value (AS-IS cash)

At or below market value

At or below market value

Market value

 

What to look out for when selling a condo or apartment as is in Denver

There are dangers to be aware of when selling a apartment as is in Denver in Denver. Many aspects of the buying and selling process are not transparent. Predatory buyers will take advantage of sellers in compromised situations. Some homeowners may not be well versed in understanding nuances, so before you decide to sell, here are some tips on what to look out for.

Red flags when selling a condo to an iBuyer
iBuyers such as Zillow Offers, Opendoor, and RedfinNow may offer an easy way for you to offload your home. But when you deal with an iBuyer, the initial offer is made before they actually see your condo. As a result, the offer price often changes later in the process.

No homebuyer can make a 100% reliable offer without having a chance to walk through your property to inspect the interior, exterior, and overall condition of the apartment. An in-person visit includes an examination of the bones of your apartment, such as the roof, walls, plumbing, and electricity.

Most retail buyers will back out of a home purchase or attempt to renegotiate prices if certain criteria aren’t met. iBuyers and off-market homebuyers are no different. They can legally reduce their purchase offer for a home after the inspection. They can also cancel the entire contract. Some research shows that selling to an iBuyer will net the homeowner significantly less than market value.

In exchange for convenience, iBuyers often charge higher fees and commissions than other homebuyers. If you are interested in selling to an iBuyer, take time to compare offers. Before the home sale, do the math on what your net proceeds will be in any potential transaction.

Red flags when selling a condo to a property investor
If your apartment is damaged, needs repairs, or is outdated, a property investor may be interested in snatching up your apartment. Generally speaking, property investors pay cash for homes, as is. Their business model is to buy fixer uppers, remodel them, and sell or “flip” them for cash.

However, similar to iBuyers, many property investors will give you a “vanity offer” without seeing the property first. This vanity offer is higher than what other buyers offer and intended to build up your interest. But once the inspection takes place, the investor may decide to lower the offer price. If you need to sell your home fast, this can set your timetable back and put you in a difficult position.

True Story: I Sold My House As Is to Watson Buys

I chose to sell my house as is because...

I chose to sell my house as is because it was a property that I had inherited several years before.

I inherited the house from my great-uncle. My great-uncle was a really neat guy however in his later years he definitely didn’t keep up with maintenance on the property.  This created a house that needed a lot of repairs. selling the house as is definitely appeal to me early on in the house selling process.

So now that I felt selling the house as is what’s the best choice I had to find an honest cash buyer.

How I found an honest cash buyer to buy the house as is.

The first step in finding a by to buy the house as is was to go online. I searched on Google how to sell my house as is and how to sell my house as is in Denver and also the best way to sell my house as is in Colorado.

When I searched for this they were many options and many companies that buy houses as is.

I must admit it was a little intimidating and overwhelming at first.
how is knowing I had to get the house sold I clicked on the food company that seemed like a legitimate option.

I read the information and about the approaches and it seemed fair. I went on to read six or seven more websites that all advertised did they buy houses as is.

Next, I filled out three forms from the companies that seemed best to me.

Ultimately the company I ended up selling my house to without having to do any repairs was Watson Buys. Watson buys said they would buy my house as is. they came across as fair and honest. I had read about some other companies that said they would buy a house as is that Dean on inspection beat you up over the price.
when Watson buys came to my house and did a quick walkthrough they advised me the property was as I had described to them so the cash offer would remain the same.

This was great.

Following this, it was pretty straightforward. As no repairs were required it moved quickly into getting the legal docs taken care of. Within a few days, that had been done and my house was sold.

Thanks, Watson Buys for buying my house as is. 

If you need to sell your house without doing repairs, no repairs on your house at all trust Watson Buys. No repairs is a very convenient way to get your home sold. 

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