What Does It Mean to Sell My House As-Is?
You want to sell your house fast. However, selling your house in its current condition is almost impossible. If you tried to list your house on the market, it could take several months before you would find a qualified buyer willing to buy the house and then fix it up. To make matters worse, you don’t have the money to sink into thousands of dollars in repairs and upgrades. What do you do?
If you don’t have funds to repair your house, but you need to sell it right now, it is still possible to sell your house as-is in Cincinnati, OH. You do not have to make any repairs or renovations. You do not even have to clean your house. Let’s take a look at what it means to sell your house as-is.
What is an As-Is Sale?
There is a difference between making a few cosmetic upgrades to your house and just selling it as-is. When you sell your house as-is, you agree to sell the house in its exact condition without making any modifications to the building or property. The buyer agrees to purchase the house in its condition without requiring you to repair it.
Even if you run into problems with building codes or safety issues, the buyer is aware that these problems exist and is still willing to buy the house as-is. This agreement releases you from any legal liability if something happens after you sell the house. You walk away with no strings attached.
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Why Would I Sell My House As-Is?
There are several reasons why you may want to sell your house in its current condition without making any repairs.
You Don’t Have the Money to Repair It
Major house repairs can cost thousands of dollars. For instance, a roof repair can cost between $7,000 and $15,000. If you have structural repairs or major system repairs, you may not have the money you need to make the house sellable.
It’s Not Worth the Investment
Another possible reason for selling your house as-is is that you are not convinced that you will get a healthy ROI on the repairs. After all, not all home renovations increase your home’s to the point where you can make a profit.
You Need to Sell Your House Fast
You may be in a situation where you need to sell your house right away and do not have the time to make the necessary repairs. If you are going through foreclosure, bankruptcy, divorce, probate, or you need to relocate, getting your house ready for the market is not feasible.
You Simply Don’t Want the House Anymore
Did you recently inherit a house that you don’t want? Maybe you are a landlord who is tired of dealing with tenants. Or your mortgage payments are behind, and you don’t want to pay them. Regardless of your reason for getting out, you simply don’t want the house anymore. A fast cash sale would provide relief.
How Does a Cash Sale Work?
If you have ever sold a house before, you know how frustrating it can be to find a realtor, make repairs, negotiate with potential buyers, and close the sale. A cash sale helps you avoid the hassle of selling your house by eliminating all the hoops you have to jump through to make the transaction. You can sell your house as-is in three easy steps.
Step 1: Contact a Local Home Buyer
The first step is to find and contact a local home buyer in the area. Call the buyer and schedule a walkthrough of the property. The buyer will assess your property to decide if they are interested in paying cash for your house.
Step 2: Get a Fast Cash Offer
If the buyer likes the house, they will make an offer on the property. Most buyers can make an offer within 24 to 48 hours so that you do not have to wait. The offer will typically come in at just below the current market value of your house.
Step 3: Get Paid Cash for Your House
If you accept the buyer’s offer, you will schedule a convenient closing date. The buyer will most or all of the closing costs. If the process goes smoothly, you may be able to close the sale of your house within seven to 21 days.
Get a Fast Cash Offer From Neighborhood Enrichment
If you need to sell your house fast in Cincinnati, Ohio, contact Neighborhood Enrichment. Our cash home buyers can look at your property, make a fair cash offer, and close the sale in as little as seven days. Call us today at 513-586-4237 and get a fast cash offer.