Selling a home is incredibly common in the USA as over 6 million residents do it each year. While many people will go through the long and painstaking home selling process, others prefer to sell quickly. One of the best ways to sell your home quickly is by selling the home as is.
Selling your home as is involves selling the home in its current condition, without making any changes or renovations. However, is selling your home as is a profitable venture? Well, the simple answer is yes. Selling your home as is can indeed make you a significant profit. Of course, it is also a good idea to learn about the cost of selling a house from ISoldMyHouse.com. The more you know about the costs associated with selling, the more profit you should be able to make.
While it is possible to profitably sell a house as is, as mentioned, it is also possible to lose money in the process. You need to know how to go about it the right way to make it profitable, and thankfully, we’re here to help you do that. Without any further ado, this article is going to go over some tips to sell your home as is, while making sure to make a profit.
Price it Correctly
Of course, if you want to sell a home profitably, you need to ensure it is priced correctly in the first place. If you price the home too low or sell it for way below value, you could potentially lose a good amount of money. Be sure to avoid pricing it too high, however, as it could take months before you generate any interest in the home. Find the right price from the start and you will be setting yourself up for success.
In order to decide the price, you should look at comparable homes in the area and see what they have gone for. Be sure to factor in the condition and quality of the home, as well. In addition to helping you make profit, pricing your home right will ensure it is sold as quickly as possible.
Be As Flexible as Possible
When most people are shopping for a home, they are looking for something move-in ready, and not a home that is being sold as is. As a result, you will likely have a smaller pool of potential buyers, mostly made up of investors, flippers or companies that buy homes. Many of these people or entities will have unique schedules, so you being flexible could be the difference between making a sale or not making a sale.
Be willing to meet at abnormal times, such as evenings and weekends, and always keep your home in show-ready condition. The last thing you want to do is say no to a meeting or viewing because of timing, and end up losing a great potential buyer. Also, be flexible in relation to the price as well. The more you are able to comfortably wiggle, the easier it will be to sell. But always keep in mind how much you need to sell in order to make a profit.
Consider Making Small Changes
While the whole idea of selling “as is” is to not make any repairs, sometimes it’s okay to break this rule. If the home is in incredibly bad shape, it will be difficult to drum up any interest. As a result, you may need to make some renovations before selling it in the first place. For example, if the home has foundation damage, a leaky roof or plumbing issues, no one will likely want to buy it.
Also, if making a few changes can lead to the home selling for a lot more, you may want to consider that as well. The ultimate goal is to be profitable, and several small fixes around the house can lead to a significantly more valuable home.
In conclusion, hopefully this article has shown you some tips on how to make sure you can sell your home as is for a profit.