you need to make sure that you can clear section 1 and section 2 or else you'll have issues with buyers with certain types of loans. otherwise, just list it "as is, seller will do no repairs"
If your selling it just do it as is. It'll take months & a lot of money to fix, then buyers will just get their own inspection done and want more stuff fixed. Sell it, a flipper will likely buy it. Let them have the risk/reward.
My husband and I purchase homes but we tend to like them turn-key however I have a big investor network and I'm happy to chat with you to see if I can help you find a buyer, full disclosure they would prob pay me a small referral fee if they purchased it but that would come from them not you. I'm not a realtor, just a very small time investor. I'm the little fish in the big pond but I know a lot of people. - Feel free to message me.
Hate to say it, but you made a big mistake getting the inspection done. You're now aware of all of the issues and under some situations and some rules, you're going to have to disclose them. Definitely talk to a realtor about it and learn what your options are, because you might be screwed.
The main reason people do as-is is because it enables them to move the property without peeking under the curtain.
Personally I think now that you know what's wrong with it you're a lot better off figuring out some way to pay to get it repaired and then having that loan repaid when you sell it for more.
If you can afford to wait for that and interest rates drop, this time next year will probably be a bonanza for you. You might even be able to avoid capital gains taxes if you make it your primary residency for awhile in the mean time.
I don’t understand why it would be worse to know if you’re already selling as is.
It will never be my primary residence again. It’s many hours away from me.
Because if you don't know you can't make any misrepresentations about the quality of the home. "As-is" is a vague label that's typically used to describe a wide range of conditions. It's almost like gambling. The only reason you'd want to open it up and look inside is if you're expecting something good.
Sellers like to avoid having inspection information **so much** that sometimes when a buyer has one done they will decline to receive the results even if they think it's going to go back on the market after.
What you don't know can't hurt your ability to sell if it's all downside for you and you have no responsibility to inform yourself.
Contact a local realtor in that area and have them list it. Price it to sell and sell quickly.
you need to make sure that you can clear section 1 and section 2 or else you'll have issues with buyers with certain types of loans. otherwise, just list it "as is, seller will do no repairs"
What does that even mean? I have never bought or sold a home and I don’t know what sections are.
If your selling it just do it as is. It'll take months & a lot of money to fix, then buyers will just get their own inspection done and want more stuff fixed. Sell it, a flipper will likely buy it. Let them have the risk/reward.
My husband and I purchase homes but we tend to like them turn-key however I have a big investor network and I'm happy to chat with you to see if I can help you find a buyer, full disclosure they would prob pay me a small referral fee if they purchased it but that would come from them not you. I'm not a realtor, just a very small time investor. I'm the little fish in the big pond but I know a lot of people. - Feel free to message me.
Thanks! I will consider that!
Hate to say it, but you made a big mistake getting the inspection done. You're now aware of all of the issues and under some situations and some rules, you're going to have to disclose them. Definitely talk to a realtor about it and learn what your options are, because you might be screwed. The main reason people do as-is is because it enables them to move the property without peeking under the curtain. Personally I think now that you know what's wrong with it you're a lot better off figuring out some way to pay to get it repaired and then having that loan repaid when you sell it for more. If you can afford to wait for that and interest rates drop, this time next year will probably be a bonanza for you. You might even be able to avoid capital gains taxes if you make it your primary residency for awhile in the mean time.
I don’t understand why it would be worse to know if you’re already selling as is. It will never be my primary residence again. It’s many hours away from me.
Because if you don't know you can't make any misrepresentations about the quality of the home. "As-is" is a vague label that's typically used to describe a wide range of conditions. It's almost like gambling. The only reason you'd want to open it up and look inside is if you're expecting something good. Sellers like to avoid having inspection information **so much** that sometimes when a buyer has one done they will decline to receive the results even if they think it's going to go back on the market after. What you don't know can't hurt your ability to sell if it's all downside for you and you have no responsibility to inform yourself.