According to a recent study by the National Association of Realtors (NAR), 61% of sellers made at least minor repairs before putting their house on the market. However, for the remaining 39% of sellers, life’s challenges—like tight budgets or limited time—made selling as-is the best choice.
If you're considering selling your home without repairs, here's what you should know before deciding.
What Does Selling As-Is Really Mean?
Selling as-is means you list your home in its current condition, without committing to any repairs or updates before or after a buyer’s inspection. For sellers who are short on time or resources, this approach can seem like a stress-free solution. But it’s important to understand the trade-offs:
- Pros of Selling As-Is:
- No need to spend time or money on repairs.
- Simplifies the selling process for you.
- Cons of Selling As-Is:
- Your home may attract fewer buyers.
- Fewer offers could lead to a lower sale price.
- It might take longer to sell.
Homes that are move-in ready typically sell for more because buyers are often willing to pay a premium for convenience. By selling as-is, you may leave money on the table compared to what you could earn with some updates.
The Good News
The current housing market still offers opportunities for sellers. According to recent data, 56% of buyers are open to purchasing a home that needs some work. Why? Many buyers are seeking affordability and are willing to take on projects in exchange for a lower purchase price.
While selling as-is might mean a lower asking price, it doesn’t mean your home won’t sell—it just requires a different strategy.
How an Agent Can Help
Navigating the decision to sell as-is is easier with the guidance of a real estate professional. Here’s how an agent can help:
- Pricing Expertise: They’ll analyze comparable homes in your area and help you set a competitive price.
- Marketing Strategy: Whether you sell as-is or invest in repairs, an agent will highlight your home’s strengths—like its location or unique features—to appeal to buyers.
- Guided Decision-Making: They’ll outline the potential outcomes for both scenarios so you can choose the best option for your situation.
An experienced agent ensures your home stands out, even when it’s sold as-is, by emphasizing its potential rather than its imperfections.