Here’s what you need to know about selling a house as is in New Jersey.
Selling a home is hard work. There’s no denying that.
Before you can even put your home on the market, there are endless things to do — replace outdated furnishings, make any repairs you’ve been putting off, maybe get a fresh coat of paint…
Those things take time and money.
But what if there were an easier way?
The good news is, there is another way — selling a house as is. Here’s what you need to know to make it happen.
What Does Selling A House As Is Mean?
Pretty much exactly what it sounds like — you sell the house in its current state, along with any repairs it needs or faults it has.
The buyer should understand that they will be responsible for any home improvements that need to be made.
However, it doesn’t mean that you can hide any flaws that your home might have. In New Jersey, you’re still required to disclose that information!
You can sell even the most broken down house as is, but you need to be upfront about it. Hiding information can get you in trouble.
That being said, here are some of the advantages to selling your house as is.
Advantages
1. Sell Your NJ House For Cash
When you’re selling a house as is in New Jersey, you’ll usually sell for cash. This is a great way to go for a few reasons.
First of all, you don’t necessarily need a realtor. That means that you can save the thousands of dollars you would lose to your realtor’s commission.
More money in your pocket!
Second, you’ll close out way faster than you would during a traditional sale.
If someone is willing to buy your house for cash, they already have all of the money ready to go. No foreclosures, no payment plans, no interest.
2. Cash Buyers Won’t Bother You
Along the same lines, cash buyers won’t constantly bug you after the sale is made!
When someone buys a house “as is,” that means they can’t call you after the sale to ask you to pay for a repair they found.
They’ve already agreed to accept the house in its current condition. You’re off the hook once they sign on the dotted line.
3. Don’t Have to Pay to Make Repairs
This is a big one.
Often, people who are selling a house as is just don’t have the money to make all of the needed repairs.
But what if you’re relocating for your job and really need to sell your house?
That’s where selling a house as is can be a huge plus. Your list price will be lower, but you don’t have to cough up money to put your home on the market.
Disadvantages
1. Lower Offers
People might try to short-change you based on the fact that your house is listed ‘as is.’ You might have to fight harder for the price you want.
Don’t let them devalue your house! You know what it’s worth.
2. Stigma
People may assume that something is seriously wrong with your house when they see the words “as is,” even if you’re not hiding anything.
They’ll still look at the house, but it may be a harder sell.
That’s why you should work with us — we’ll help you sell your New Jersey home fast. Ready? Grab your offer now!
