While there are many arguments for sprucing up a home, staging it, and making it look its very best before putting it on the market for sale, there are also a number of advantages of quickly moving forward with listing it, and selling the property as-is.
“As-is” is actually a legal term that is used for disclaiming certain implied warranties for an item that is being offered for sale. The term is defined as “the seller is selling, and the buyer is buying, an item in whatever condition it presently exists, and that the buyer is accepting the item ‘with all faults,’ whether or not immediately apparent.”1
It is important to note that, while many home owners think that selling their property as-is means that they will not need to make any repairs at all, this is not necessarily always the case. Nor does doing so relieve you from any type of legal obligation to honestly answer questions, and to present the property in its true state.
For example, if the roof leaks or if there are other types of issues, such as structural damages, you are still required to let a potential purchaser know these things – and it is possible that a buyer will ask you to make some repairs. In addition, even though you may be offering a property in its current state, if the home does not actually conform to your description of it, then the buyer will have the right to reject it.
If you’re considering putting your current home on the market, and you aren’t sure how much – if any – fix-up work you should do before moving forward, give us a call. We can help you to determine the best course of action for getting your property sold quickly, as well as provide you with an appropriate listing price for it.