After registering record levels in May 2021, the real estate market is starting to cool down. Increasing mortgage rates combined with repairs will further delay the home selling process. To sell quickly, sell your house as is as soon as possible.
1. What Does Selling a House As Is Mean?
Selling as-is in real estate means the homeowner is selling their house in the existing condition, without any repairs. As-is homebuyers accept the property as it is, even if some defects are found during the home inspection.
✍️ Note: Just because you are selling your house as is, you are expected from your seller disclosure obligations. Also, buyers are not precluded from conducting home inspections.
2. Can You Sell a House As Is?
Yes, you can sell your house as is. Most real estate purchase and sale contracts in American states are by default as-is contracts. This means that unless you agree to make repairs at your expense, the buyer would accept your house “as is where is”.
Some states like Florida, have separate As-Is Home Sale Contracts. Research how selling as-is works in your locality before setting out for an as-is home sale.
Selling a House As Is Near You
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