I am interested in selling my home as-is. Does anyone know anything about this? What cut would I take?

Answer 1

In California, all homes are sold "as-is". At least, that's the default assumption on the Purchase Contracts us Realtors use.

The only problem, is that when/if a buyer wants repairs, either you repair it, or give money for repairs, for stare down the buyer, p.o. the buyer, and he/she probably walks away from buying your property. LOL.

I'm not sure what you mean by "cut"? You get the sales price, subtract out the LOANS and any LIENS,subtract out the closing expenses.

Example: House sells for $500k. Pretend you owe $300k.

$500k Sales Price
-40k (closing costs + commissions)
$460k (so far)
- 300k (loan against property)

$160k in your pocket.
Woo-Hoo!

Trust me... $500k in Southern California (LA County & Orange County is a nothing house).