Selling a house as-is: What it means for buyers & sellers

by Jennifer Sample 08/20/2023

Person holding sign

If a home requires a significant number of repairs, the seller has the option of selling the house as is. This can help alleviate the stress and costs of major repairs while preparing a home for the market. 

While this strategy isn't right for every situation, understanding the process can be beneficial to your home sale. 

What does it mean to sell "as-is?"

In real estate, selling a home as-is means you're selling exactly in its current condition - problems and all. This type of sale means the seller will not repair or improve the home before selling it, and the buyer cannot request any repairs or upgrade concessions.

Pricing is important when selling "as-is"

Real estate agents can create a comparative market analysis (CMA) to specifically target homes in similar conditions. This will help you find the optimal price for a home when selling as-is. You may also want to consider the costs of significant upgrades or repairs in your asking price.

What selling a house "as-is" is not

Unfortunately, many homeowners believe a sale in itself relieves them of any obligations associated with the normal sale process. However, you aren't allowed to simply move out of the house without showing it or having a professional inspection report. 

Specific rules for this vary by jurisdiction, so make sure you understand the specific requirements for your real estate transaction.

Talk to your real estate agent

It can be beneficial to work with a real estate agent with experience in selling a house as-is. They can help you get your listing in front of more prospective buyers and real estate investors likely to buy a property as-is.

Selling as-is can be an excellent strategy in a tough real estate market. However, it's crucial to weigh the pros and cons before deciding to forego making major improvements or repairs to your home. Keep these factors in mind and consult a real estate professional to make the best possible decision for your home.

About the Author
Author

Jennifer Sample

I Live Here - I Work Here- I Love It Here! With 30 years’ experience buying and selling homes in San Antonio, Jennifer knows this market well and is ready to share her knowledge and expertise to serve you – whether you’re buying your first home, downsizing and selling your family home, or investing. As a Certified Pricing Strategy Advisor she can help you Sell or Buy you home at the right price.