Thinking about selling your Long Beach home or condo but not sure you want to make needed repairs before listing it for sale? You’re in luck! These days, many homes and condos are being sold “as-is” due to an ever-increasing lack of inventory.
An “as-is” home sale proposition can release home sellers from most liabilities and repairs stemming from the home’s condition post-sale. That doesn’t mean a prospective buyer can’t request an inspection. It just means that the seller is not responsible for whatever the buyer discovers in that inspection. So if the inspection reveals issues, you can still sell your home.
If the home in question is a foreclosure, home buyers may be able to negotiate repairs a little more easily with a bank, particularly as they relate to safety hazards.
However, regular home sales or short sales are often a different story. Time is generally a motivating factor and multiple offers may speed the process. Home sellers offering a good price are not going to want to do needed repairs if they can sell the property “as-is” to an anxious buyer.
In the end, each piece of real estate (along with every seller and buyer) is unique. I would be happy to discuss with you the best strategy to market and sell your property. Please feel free to contact me at any time.
