Selling your home 'as is' may be a term that you hear a lot, particularly if your home is not in perfect condition. The terms means that the seller acknowledges that the house needs some improvements but also that the buyer accepts this as well. The seller makes no apologies about the things that are wrong with the house and the buyer understands that they can't claim a refund because they were aware of the problems before a sale was agreed.
If a home is sold 'as is' then the seller should accept that they are not going to achieve the full market value for the property. The buyer will need to make improvements to the property and this is going to cost money. The money that will need to be spent can be offset by the fact that the house would have been purchased for a lower price. However, selling for a lower price means that the house is more likely to be sold and so you are at least getting something for a home that might not otherwise sell.
There are property developers that will buy houses 'as is' and then sell them on once the repairs have been made. Selling to a developer may be an option but they will be determined to get the property for the lowest amount of money possible. Property developers in your area may only want to work on a certain number of projects at a time and this may mean that they are not in the market to buy another property at the time that yours goes on sale. It may also be difficult for an independent developer to raise the funds to purchase the property in a short space of time.
Another option is for you to carry out the repairs yourself and then sell the home for what it is currently worth. However, this will often mean that you have to go to a great deal of expense and this money will be required upfront. There is also no guarantee that you will recoup the money that you have spent on the repairs meaning you will be out of pocket. The time taken to complete the repairs also may be longer than you expect and this could delay getting the house on the market. Doing the repairs yourself or trying to sell to a developer could mean that your home is on the market for far longer than you would like it to be.
If you need to sell your home quickly then selling to a professional home buying company may be a better idea. These companies will have the same intentions for your home as a property developer but have a lot more resources at their disposal. They can make the repairs that are necessary at the property immediately and so work can begin as soon as the sale has been completed. It is in the best interests of the company for the sale to go through as quickly as possible so they do not have to wait too long before seeing a return on their money. One of the biggest advantages of selling to a professional home buying company is that you will be able to complete the sale quickly, sometimes in only a matter of days. You can also be sure that you will be offered a fair price and that the whole process will be made as hassle free as possible.
Most companies will provide you with a valuation for your property free of charge and so you have nothing to lose by finding out what you would be offered. When a property is in a state of disrepair it is sometimes a better idea to draw a line under things and start again. A professional home buying company can help you do this by purchasing your home regardless of the condition. You will then have funds available to purchase a new property and this can be a complete fresh start for you and your family.