Direct: 321-549-8707
Specializing in Senior Downsizing & Probate Real Estate in Brevard County, Florida

WHAT IS AN “AS-IS” OFFER REALLY MEAN?

WHAT IS AN “AS-IS” OFFER REALLY MEAN?

When most people who say they want to sell their home “AS-IS” what they are really saying is that they want to sell their property fast and without any strings attached. They do not want inspections, appraisals or the time involved.

That may sound reasonable and logical but it isn’t always that easy! The bottom line is the only way to sell your home AS-IS will be to consider a Cash Offer!

If you are trying to sell your home for top dollar then you will need to consider buyers who will require traditional financing. We understand that as a property owner your ultimate goal is to accept the highest and best offer presented.

The buyers who will pay you top dollar are going to be getting a mortgage and  will have to go through the inspection and appraisal process required by their lenders and their insurance companies.

When you list your home AS-IS and find a buyer with financing you will be required to make the necessary repairs in order to pass the inspections and appraisals. If you don’t make the necessary repairs and/or negotiate the price, then the buyer is not obligated to purchase your home and they can walk away. Now you’ve had your property off the market and still have to make the repairs or sell for cash!

Here are some potential reasons to consider a Cash Offer:

  • You have inherited a property and don’t have the money or time to fix repairs or make necessary updates.
  • The roof has issues or does not have at least 3 years of life left.
  • Electrical panel is older and not up to code.
  • There are plumbing issues that need repairs and updates
  • The foundation has cracks and settlement issues around property.
  • You need to re-locate for the military or job transfer.
  • Your situation has changed and you need debt relief or lifestyle change.
  • Making double payments is creating more stress than it is worth.
  • Health of a loved one or yourself has changed your priorities.

Understanding your options and what an AS-IS sales contract really means can make a HUGH difference in your life and your financial picture. If you have the time and resources, then make necessary repairs and list your home to get top dollar. If not, consider selling for Cash AS-IS and relieve the stress of managing a property that is costing you money and time.

 

Geiger Gould Properties-321-SELLNOW specializes in helping individuals and families find appropriate solutions for their Real Estate needs. Give us a call, no obligation and all inquiries held in confidence. We are licensed Brokers with special designations in Probate, Distressed Properties and Senior related Real Estate Issues.

Nanci E. Gould-321-549-8707 www.GeigerGould.com