It’s estimated that each month roughly 675,000 homes are sold. Thanks to a booming real estate market, most people can make a profit off of their homes.
However, this can come at a cost. To make the property attractive to buyers, you need to invest a lot in repairs, cleanings, and renovations. One alternative is to sell your property in the condition that it’s already in. But exactly how much do you lose selling a house as-is?
And should you consider it for your unique situation? In this guide, we’ll be breaking down these considerations so you can learn more about the benefits of selling a house as-is.
How Much Do You Lose Selling a House As-Is?
There is no specific answer for how much you will use for selling your house as-is. That’s because different factors will affect how much you end up losing on the deal.
We will say that most investors will typically pay 70% of what a house is worth after home repairs and renovations.
That means that you can usually expect to take a 30% loss or more when you sell your home as-is. However, you will need to consult an expert to get a specific answer.
1. A Variety of Factors Determine How Much You Might Lose
The specific amount that you lose when selling a home as-is depends on the specifics related to your property. This includes things like:
- The company or investor you’re selling the house to
- The overall condition of the home
- Any improvement or repairs that might be needed
- Whether or not it’s in a desirable location
- The market condition of the area
We recommend reaching out to a real estate agent or property evaluator to get a better idea of what the home value is before going to an as-is home-buying company. That way, you know how to negotiate on the home sale.
2. Selling a House As-Is Can Save You Money
You’ll indeed lose a small percentage of money on the deal. However, selling a house as-is can save you money. That’s because you don’t need to pay for expensive repairs and improvements to make the property enticing for homebuyers.
3. As-Is Buyers Are Much Quicker
When compared to finding a home buyer, as-is, investors can sell a house fast. Some resources, like this website, can do it within seven days. This makes it a great option if you inherited a house or got a new job and need to get rid of the property quickly.
Appreciate Learning About As-Is Home Selling? Keep Exploring
We hope this guide helped you answer the question, How much do you lose selling a house as-is? While it’s true you’re not getting the full amount that the house is worth, that doesn’t mean that you lose money selling as-is.
Many people still make a profit off of the property. So if you don’t have the time or the money to deal with a fixer-upper, selling as-is is a completely valid way to deal with your property.
If you want more real estate advice, you’ve come to the perfect place. Keep exploring our site to find loads of similar content.