The short answer is “Yes, you can sell your home as-is.” However, most people own a home that needs some amount of repair or updating. When it comes time to sell, they are faced with the dilemma of perhaps having to make some of those repairs or updates. I have some thoughts on this that may help with the decision-making process.
If you decide to sell your home as-is, understand that it may then appeal to fewer buyers. Depending upon how many updates or repairs you need, these buyers may be home-flippers, fix-it type buyers or first-time homebuyers. Note that all of these buyers are looking to make a “deal”; in other words, pay a discounted price for the home. This can be a win-win for both parties; you can sell your home with a minimum of effort, and most likely your buyer will be very happy with their “deal.” However, there are some minor fixes you can do to help maximize your return without a large outlay of funds:
- Replace broken windows
- Trim back any dead or overgrown vegetation
- Repair anything that leaks; roof, plumbing, etc.
- Patch and paint walls
- Repair what you can and what makes sense
In my experience, if you reduce the amount of negatives and give your buyer a shorter list of “things to repair” in their head, the better their offer will be. Most often the money you invest in making repairs is more than made up in higher offer price and stress reduction during the transaction.
