What does it mean to sell a house “as is” in Atlanta?

Selling a house "as is" means selling a house in the condition it’s currently in, and not making the repairs and updates that homeowners usually do when putting their house on the market. Buyers know upfront that the seller won’t be fixing any issues with the house that are obvious or may be found during an inspection.

What selling “as is” doesn’t mean

Selling a house “as is” doesn't mean hiding issues with the property. While you don’t have to fix anything or make repairs, you do have to tell a potential buyer of any known defects with your Atlanta house if a potential buyer asks. Not answering honestly could lead to legal consequences down the road.

Pros of selling a house “as is”

Selling “as is” is a choice that can help homeowners avoid the stress of selling a house the traditional way by simplifying the process and saving upfront on home repairs.

• Quick offer and fast closing: Selling "as is" usually results in a faster sale and a smooth closing process. No repairs are necessary, and you can skip the usual steps like staging and hosting open houses, making the entire process more efficient and straightforward.
• No prep costs: Save upfront on the cost of repairs, and avoid paying for staging and photography. Not only do you save money, you save time so that you can move onto the next chapter of your life without the hassles of a traditional sale.
• Negotiations aren’t complicated: When a house is sold “as is” in Atlanta, negotiations are usually simpler. Buyers know upfront about the house’s condition and that they’re buying the house in its current condition.

Cons of selling a house “as is”

While selling “as is” has many benefits and advantages, it does have a few drawbacks.

• You probably won’t get top dollar: Since your Atlanta house needs updates and fixes, the buyer of an “as is” house will take that into consideration when making an offer. Buyers factor in the cost of repairs, which usually results in a lower offer than if the house was in its best shape.
• Smaller buyer pool: Most home buyers prefer to buy houses that are updated and ready to move into without having to make any repairs. This means that selling a house that needs work will probably mean a prolonged time on the market and a smaller buyer pool.

What are ‘Minimum Property Requirements’ when selling an “as is” home?

Selling an Atlanta house that needs work means it’s important to consider Minimum Property Requirements (MPRs). MPRs ensure that a property is safe, secure, and structurally sound. Many government-backed lenders such as the Veteran’s Association (VA) or Federal Housing Administration (FHA) won’t approve loans on houses that don’t meet the MPRs. Here are a few things that could cause a home to “fail” the MPRs for the Veterans Administration checklist: lead paint, missing handrails, cracked window glass, and defective floor coverings.

Can you sell a house “as is” without an inspection?

It’s possible to sell a house without an inspection, but an inspection can help you set the correct asking price for your house. Atlanta buyers may self-inspect or hire a professional inspector to make an informed decision.

Alternatives to selling a house “as is”

If selling your house “as is” isn’t for you, there are other choices to consider:

• Fix up the house: Investing in repairs and renovations can increase your property's value and attract a wider pool of buyers.
• Lease the house: Rent out your Atlanta house and use the funds to fix it later.
• Sell to a reputable house buyer: HomeVestors^® is a highly respected and experienced house buyer with great reviews and a high 95%* customer satisfaction rating from sellers who responded to our post-sale survey. We buy houses in all kinds of conditions and provide fast offers.

Should you consider selling your house to HomeVestors^®?

After weighing the pros and cons of selling your Atlanta house “as is” to HomeVestors, you can make a good decision depending on your situation. Some homeowners sell to us for the following reasons:

• Need to sell quickly: Selling a house “as is” to HomeVestors is fast. From acceptance of the offer to closing is typically only a matter of a few weeks.
• Don’t want to pay commissions: We don’t charge any commissions or hidden fees, and we even pay typical costs.
• Want to avoid stress: Selling a home the traditional way takes many steps and comes with complications. Some people would rather bypass house stagings, showings, and decluttering, and avoid the hassles of selling a house the traditional way.

How to sell to HomeVestors^®

Simply contact us for a consultation with one of our friendly Atlanta property buyers. We’ll visit you at your property, do a walkthrough, and answer your questions. We can sometimes give you a fast offer on the spot! If you accept our offer, we may be able to close in as little as 3 weeks. If you need more time, we’ll do our best to work with your schedule.

We specialize in buying houses “as is” with fast and hassle-free sales. Contact us today to learn more about how we can help you sell your Atlanta house “as is.”