Thinking of selling your home but worry about its current condition? This blog post will give you ideas on how to sell a house as-is in Fort Collins.
This is a question we notice Fort Collins homeowners have very frequently. They want to sell their house “as-is” because putting money into a house that needs work or is simply outdated is NOT fun.
There’s many reasons why homeowners need to sell specifically “As Is”: The house needs too much work, the house has been vacant for a long time, they inherited a house and now are having to deal with all the maintenance and bills, they are out of town landlords and simply cannot keep up with the house.
All of those are reasons WHY a house got to shape it is in, and there’s even more reasons WHY the owner may want to sell as is and it usually goes something like this… “I don’t have the time to make the repairs and then sell”, “I need to sell it fast and cannot afford to have the property sit on the market”, Or “I simply cannot afford to make the repairs necessary to be able to sell my house on the market”. Sound Familiar?
First things first.
What SELL A HOUSE AS-IS really means?
Selling your house “as-is” means that you, the homeowner, has no desire of making any repairs to the property they are trying to sell, they are looking for someone who is willing to buy the property regardless of any repairs needed, and just move on.
An “As Is” Sale also means that the seller is aware that the house needs some work, and that it is the buyers responsibility to figure out what these issues are and still move forward with the purchase of the home. Some of these issues are related to foundation or structural problems, Mold infestations or environmental conditions, plumbing, roof, etc. That being said, an “As Is” clause is not a free pass for the seller to lie about the condition of the home, so make sure, if you are selling a house “as is” in Fort Collins, to disclose any issues you are aware of, because the buyer will find out either way through a basic home inspection.
There’s many reasons why selling a house “as is” could be beneficial to you, so you may be wondering…
Who will buy As-Is-houses or in need-of-repairs houses in Fort Collins?
There is someone who’s willing to buy such kind of houses for cash. At NoCo Housing LLC we’re buying as-is houses! If you need to sell a house as-is in Fort Collins, you need to keep in mind that your ideal buyer is NOT going to be a first time retail buyer, most retail buyers are looking for houses that are move in ready and need nothing done. You may be able to find a retail buyer who is willing to purchase your house “as is” if the work needed is minor or cosmetic, but if were talking about anything bigger than that, forget about them.
With properties that are really outdated or need tons repairs, it usually makes more sense to sell straight to a real estate investment company or “Cash Buyer” like us at NoCo Housing LLC, rather than go through a realtor, for them to eventually find the cash house buyer regardless and take the commission on top.
It is also a waste of time at times to look for a retail buyer or list your house even if it needs lots of repairs because many lenders will not provide financing for these types of properties. NoCo Housing LLC buys houses in as-is condition.