We heard the news that you are looking to sell in Briarwood, but you have one issue. Honestly, you have several issues. Over the years, your home has amassed a not-so-short list of problems that you don’t want to repair before you sell.
Perhaps repairs would put too much of a dent in your finances. Maybe you don’t want to go through the hassle for a home that you don’t intend to keep. In any case, selling your home as-is is looking better and better.
What does it mean to sell your home as-is? Will you still turn a profit? If you are looking to sell in Briarwood, read these highlights about selling as-is:
- As-is is a legal definition.
Selling your home as-is means that you are selling it in its current state, with no modifications or repairs. The buyer will probably need to sign documentation stating that they understand the terms of the sale.
- As-is does NOT mean hiding the home’s problems.
If you are looking to sell in Briarwood, you must answer questions about the home’s condition honestly. In fact, you must answer ALL questions honestly, even if you are selling as-is. The downside: This information might be all the buyer needs to hear to run in the other direction.
- Potential buyers might still try to negotiate with you.
Depending on what the inspection reveals, some buyers might still try to squeak a repair out of you. You can always refuse (after all, the home is listed as-is), but be prepared to lose your buyer. Most purchase contracts include an inspection contingency, allowing the buyer to back out of the transaction if the property doesn’t check out as they expected.
- Don’t overlook staging.
Many sellers believe that staging is useless when selling as-is. Not true! Focus on cleaning and decluttering to boost your property’s appeal.
If you are looking to sell in Briarwood and considering the as-is route, contact Briarwood Realty today. We’ll tell you all you need to know about selling as-is and help you decide if it’s the right path for you!
Contact us today at (718) 380-5000 or email us here.