What does it mean to sell a house “as is?”
Selling “as is” means that the house will be sold in its current condition, and the homeowner won’t make any repairs or improvements to the property. A reputable off-market house buyer in Atlanta like HomeVestors is willing and able to make improvements and repairs after the purchase, allowing the homeowner to save time and upfront costs by skipping updates and renovations.
What are the benefits of selling a house without making repairs?
For Atlanta sellers wanting to avoid the hassles of a traditional house sale, selling your house in its current condition can be a smart move, as it provides many advantages. We are also a great choice when relocating, selling an inherited house, or selling a rental property. The benefits of selling to us include:
Fewer upfront costs:
When you sell a house “as is” with HomeVestors, it eliminates the need for making repairs, hiring a professional photographer, and staging the house.
Fast sale:
Selling to us means a quick and streamlined sale since going through all the steps of a traditional house sale isn’t needed. We can close fast, sometimes in as little as 3 weeks.
No commissions:
Agent commissions have historically been as high as 5%–6%, but we don’t charge any commissions. We don’t have any hidden fees, and we pay typical closing costs, too. Our offers are usually below market value in exchange for speed and convenience.
Sell “as is”:
We buy Atlanta property in all sorts of conditions, from pristine houses to homes that have issues like cracked foundations, water damage, or mold infestation. We can also buy houses that don’t meet Minimum Property Requirements. You don’t even have to clean your house when you sell it to us, and any unwanted items can be left behind for us to take care of.
According to The Balance, “Selling your house ‘as is’ provides a straightforward solution for sellers who want to avoid the stress and uncertainty of negotiating repairs.”
What are Minimum Property Requirements when selling a house in its current condition?”
The Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA) have criteria for financing mortgages. The property in question must meet the Minimum Property Requirements when the house is appraised, or the loan will probably be declined. Minimum Property Requirements generally cover aspects of the property that relate to safety, security, and structural integrity. Some criteria include the roof condition, heating and cooling systems, and electrical systems.
The criteria don’t include minor defects. According to the VA, “The appraiser should not recommend repairs of cosmetic items, items involving minor deferred maintenance or normal wear and tear, or items that are inconsequential in relation to the overall condition of the property.”
