Will you be listing my house on the MLS or actually buying it?

Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses Calgary that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.

Do you pay fair prices for properties?

Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another homeowner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast… let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)

How do you determine the price to offer on my house?

Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.

Are there any fees or commissions to work with you?

This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking the risks here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and its payments… and often with cash in your hand).

How are you different from a real estate agent?

Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple of days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).

Is there any obligation when I submit my info?

There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.

Should I Sell My House As is?

If you’re considering selling your house and just want to move on, it can be a challenge if your home has problems like a leaky roof, outdated plumbing, or outdated kitchen cabinets. You may not feel it’s worth the time and money to repair these issues for potential buyers, and perhaps you’d rather not deal with the hassle.

The good news is that there is an option for you: selling your house “as-is.” In this guide, we will try to answer the question “should I sell my house as-is” Let’s get started!

Should I Sell My House As is?

Selling a house “as-is” means selling it in its current condition, without making any repairs or renovations. This type of sale can be appealing for a number of reasons, and can be a good choice for those who are short on time, money, or simply don’t want to deal with the hassle of making repairs. Here are reasons when you should go for selling house as-is.

When you should consider selling the house as-is?

Lack of time

One of the main reasons to sell a house “as-is” is a lack of time. If you’re facing a tight deadline, such as a job relocation or an imminent move, selling “as-is” can be a quick and easy way to sell your home without having to make repairs or renovations. This can save you a significant amount of time and effort, and can allow you to move on with your life more quickly.

Costly repairs

Another reason to sell “as-is” is a lack of financial resources. Making repairs and renovations can be costly, and if you’re short on money, selling “as-is” can save you the expenses associated with making repairs. This can be especially beneficial if the repairs required are complex and costly, as you won’t need to invest time and money into fixing them up.

For some people, the idea of making repairs or renovations to their home simply isn’t appealing. If you don’t have an interest in making repairs or don’t want to deal with the hassle of a traditional sale, selling “as-is” can be a convenient solution. This type of sale can be a simpler process, as you won’t need to work with a real estate agent or worry about making repairs or staging your home.

Relocation

Relocation is another common reason to sell a house “as-is”. If you need to move quickly due to a job or other personal circumstances, selling “as-is” can allow you to sell your home more quickly and move on with your life. This can be especially beneficial if you don’t have the time or resources to make repairs or renovations before moving.

While selling “as-is” can have its benefits, it’s important to be aware of the potential downsides. The most significant of these is that you’ll likely receive a lower selling price compared to a traditional sale. Buyers are less likely to pay a premium for a property that requires repairs, and the extent of the price difference will depend on several factors, including the current real estate market, the location of your property, and the extent of the repairs required.

How To sell your house as is?

Selling a house “as-is” can be challenging, as potential buyers may be hesitant to purchase a property that requires repairs. However, there are steps you can take to increase your chances of a successful “as-is” sale. Here are some tips to help you sell your house “as-is” and win:

Price it appropriately

Pricing your house correctly is key to a successful “as-is” sale. You may need to price it lower than a similar property in good condition, but it’s important to price it competitively to attract potential buyers.

Be transparent

Be upfront and honest about the condition of your property, and highlight any issues that may impact the value of your property. This will help you avoid surprises during the sales process and make it easier for potential buyers to make informed decisions.

Market your property effectively

Make sure your property is marketed effectively to reach a wider pool of potential buyers. Consider listing it online, in local real estate listings, and with a real estate agent.

Consider a cash offer

Cash buyers are often more flexible when it comes to purchasing properties “as-is”. Consider working with a reputable cash buyer who is experienced in handling “as-is” sales.

Offer incentives

To sweeten the deal, consider offering incentives such as a home warranty, a credit towards closing costs, or a small monetary incentive. This can make your property more appealing to potential buyers and increase the likelihood of a successful sale.

Clean and declutter

Although you’re selling “as-is”, it’s important to present your property in the best possible light. Cleaning and decluttering your property can make it more appealing to potential buyers and increase the chances of a successful sale.

Be prepared to negotiate

Be prepared to negotiate with potential buyers and be willing to make compromises. This can help you reach a mutually beneficial agreement and increase the chances of a successful sale.

How Much Will I Lose if I Sell My House As Is?

Selling a house “as-is” typically results in a lower selling price compared to a traditional sale, as buyers are less likely to pay a premium for a property that requires repairs. The extent of the price difference will depend on several factors, including the current real estate market, the location of your property, and the extent of the repairs required.

For example, let’s say your house is worth $400,000 if it were in good condition. If you decide to sell it “as-is” with a leaky roof, outdated plumbing, and outdated kitchen cabinets, you may only be able to sell it for $360,000. This represents a $40,000 loss or a 10% decrease in the selling price.

However, it’s important to remember that while selling “as-is” may result in a lower selling price, it can also save you time and money. You won’t need to make repairs or renovations, which can save you thousands of dollars and many hours of work. Additionally, you won’t need to work with a real estate agent, which can save you thousands more in commission fees.

Ultimately, the decision to sell your house “as-is” versus making repairs will depend on your individual circumstances and priorities. If you’re short on time or money, or simply don’t want to deal with the hassle of making repairs, selling “as-is” may be the right choice for you. However, if you’re able to make repairs and want to maximize your return on investment, a traditional sale may be a better option.

Final Words

Are you thinking “should I sell my house as-is?”Selling a house “as-is” can be a good choice for those who are short on time, and money, or simply don’t want to deal with the hassle of making repairs. However, it’s important to be aware of the potential downsides, such as a lower selling price, and to weigh your options carefully to determine the best course of action for your individual circumstances. Consider your time, financial resources, and goals for the sale to determine whether selling “as-is” is the right choice for you.

FAQs

Are there any downsides to selling my house as-is?

One of the downsides of selling a house as-is is that it may limit the pool of potential buyers, as many buyers prefer to purchase a property that is in good condition. Additionally, you may not receive as much money for your property if you sell it as-is, as the buyer will factor in the cost of repairs into their offer.

How will selling my house as-is affect its market value?

Selling a house as-is can impact its market value, as buyers will typically offer less money for a property that requires repairs or improvements. This is because they need to factor in the cost of repairs into their offer.

Will selling my house as-is limit the pool of potential buyers?

Selling a house as-is may limit the pool of potential buyers, as many buyers prefer to purchase a property that is in good condition. However, it may also attract buyers who are looking for a fixer-upper or are interested in renovating a property.

Can I still make repairs before selling my house as-is?

Yes, you can still make repairs before selling your house as-is. However, it’s

important to be upfront and honest about the repairs you have made and what still needs to be done, to avoid any surprises during the sales process.

Will selling my house as-is affect the selling process and timeline?

Selling a house as-is may not affect the selling process, but it may impact the timeline as it may take longer to find a buyer who is interested in purchasing a property in its current condition. However, selling as-is can also be a faster and more efficient process if you’re able to find a cash buyer who is interested in purchasing the property in its current condition.