To sell my home "as is" what should I do? Do I contact a realtor or just try to sell it myself. I have no clue, It's not really in bad shape just needs minor repairs but is old (about 80yrs brick). I don't want to get taken to the cleaners.
2007-01-26 06:45:36 · 7 answers · asked by Sandi Beach 4 in Business & Finance ➔ Renting & Real Estate
I am an agent and there are houses sold "as is" all the time. Definately list your property for sale by an agent... it will sell in less time and for more money than if you try and sell it yourself. Remember... selling real estate is a full time job.
2007-01-26 08:31:42 · answer #1 · answered by me :) 3 · 0⤊ 0⤋
Selling "as is" means that you are not going to repair anything. You can get a better price if repairs are done. It is also easier to get financing. A realtor can help find a contractor for the repairs. Some will do the work and take payment at closing. A realtor will charge roughly 6 % of the sales price. This pays both the listing realtor, and the buyers realtor. Selling a property "as is" usually ends up costing more than the repairs would cost.
2007-02-02 17:30:40 · answer #2 · answered by 4-real 2 · 0⤊ 0⤋
"Even if buyers and sellers negotiate as one of the terms and conditions of the agreement of sale that certain cosmetic and/or functional deficiencies will be accepted "as is", this does not eliminate the possibility of the buyer's lender or local township calling for these deficiencies to be repaired, certified and warranted. In cases where deficiencies are being accepted "as is", it is an excellent idea to have a clause in an agreement of sale detailing the following types of information in order to eliminate any confusion that could lead to lawsuits.
Stipulate the actual deficiency, stipulate the extent of the deficiency, stipulate the amount to correct the deficiency (e.g., attach a contractor's estimate to the agreement of sale), stipulate that the buyers will be responsible for any deficiency repairs, certifications or warranties called for, and stipulate the buyer's financial limit of liability to repair, certify and warrant and deficiencies being accepted "as is" if the cost to do them exceeds their financial ability to do so".
I think you need representation, contact a Realtor in your area, or contact me.
2007-01-26 18:22:20 · answer #3 · answered by loladrewblue 4 · 0⤊ 0⤋
Interview several agents and see what they say. Go with the one you are most comfortable with. 80 yrs old is not old for a house.
I've sold some over 200 yrs.
2007-01-26 14:56:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Visit 4thishouse.com...They advertise houses for sale. They have a great program. Call them at 1-877-484-4746.
2007-01-26 18:15:20 · answer #5 · answered by Jhem 2 · 0⤊ 0⤋
Just make sure you state "as is" on your sales contract when you sell it and make sure the buyer signs the contract and initials the "as is".
2007-01-26 15:07:37 · answer #6 · answered by dreamgirl 5 · 0⤊ 0⤋
Make sure "As Is" is very clear by disclosing everything you can possibly think of on your disclosures. Think of each thing you disclose as "something they can never say I didn't tell them".
2007-01-26 15:04:04 · answer #7 · answered by hatchland 3 · 0⤊ 0⤋