Should You Sell Your House As-Is or Make Repairs?
A recent study by the National Association of Realtors (NAR) revealed that while 61% of sellers chose to complete at least minor repairs, a significant 39% decided to sell their homes as-is instead. It’s a tempting option if time, budget, or resources are tight. But is it the right move for you?
Let’s break it down.
What Does Selling As-Is Mean?
Selling as-is means you’re not making any repairs before listing your home. It also signals to buyers that you won’t be negotiating any fixes after an inspection. Essentially, what they see is what they get.
If you’re stretched thin, this might seem like the easiest option. No contractors, no DIY headaches, and no out-of-pocket expenses upfront. However, it’s not without its challenges.
Here’s a quick look at the trade-offs:
Pros:
- You save time and money upfront.
- No stress about repairs or upgrades.
- Simpler negotiations.
Cons:
- Your home may attract fewer buyers.
- The sale could take longer.
- You might sell for less than if the home was updated.
Why Selling As-Is Can Still Work
Even with the challenges, there’s good news. In today’s market, over half (56%) of buyers are open to purchasing homes that need work. Why? With housing affordability still a major hurdle, some buyers are willing to trade move-in-ready convenience for a lower purchase price and the chance to renovate on their terms.
Curious how your house stacks up? Check out Should You Update Your House Before You Sell? for more insights on simple updates that could make your home more appealing.
How Does Selling As-Is Impact Your Sale Price?
Typically, homes that are updated sell for more—and faster—because buyers love turnkey properties. Selling as-is might lower the number of offers you receive and could result in a longer selling process. However, if you price your home right and work with an experienced agent, you can still attract buyers who see the potential.
Here’s another stat to consider: While 39% of sellers chose to sell as-is, most others decided to do at least minor repairs.
Want to know how your home’s value compares to similar properties in Baltimore? Use our Home Value Calculator to get an estimate.
Why You Need a Pro on Your Side
Selling a home as-is requires the right strategy. A local agent can help you:
- Understand your home’s value in its current condition.
- Price it competitively to attract buyers.
- Highlight the features that make your home stand out—like location, lot size, or unique charm.
When you list with an expert, they’ll market your property in a way that appeals to buyers who are comfortable with a fixer-upper, ensuring you get the best possible outcome.
Need a trusted local agent? Reach out through our Contact Page to find the perfect fit.
Bottom Line
Selling your house as-is is absolutely doable, but it comes with trade-offs. If you’re ready to explore your options or want advice on how to proceed, let’s connect.
Contact us today to get started!
Categories
Recent Posts