Whether you’ve sold a property before or are selling a California home for the first time, you likely have a few questions about the process. The best way to get the answers you need is to contact Berkshire Hathaway HomeServices at (310) 373-0021 and speak to an experienced seller’s agent. In the meantime, you can keep reading to find out answers to some questions you may have.
What is an As-Is Real Estate Sale?
In most cases, an as-is home sale involves the physical aspects of the home, meaning the home is being sold as it is and no repairs will be made by the sellers. It means that the sellers are not willing to negotiate for repairs, updates, etc. This does not mean that the seller does not have to disclose certain facts about the home that affect the value, such as issues with the foundation, plumbing problems, or mold threats.
Are There Advantages to Buying a Fixer-Upper?
Yes. The main advantage is that it is almost always going to be less of an upfront investment than buying a home that’s in great shape. However, the work can be costly and time-consuming. If a buyer wants a home customized to their needs and wants, then a fixer-upper can be a great way to get that without having to start from scratch with a new construction home.
When Will Owners Make Repairs to the Properties?
In some instances, the owner may make the necessary repairs. This is generally only if the repairs needed are relatively minor and if the house is not otherwise selling. If you are buying a home in a popular area and there are likely to be many interested potential buyers, you can expect that your seller may be less likely to offer to make necessary repairs.
How Can I Get the Best Price for My Fixer-Upper Home?
Consider what the value would be if the home had all the renovations it is likely to need. Then subtract the cost of those renovations. That is a fair amount to sell the home for. If you want to be able to negotiate from as strong a place as possible, get official quotes from local contractors to show potential buyers exactly what it would cost to fix up the home.
What’s the Next Step if We Want to Sell Our Home?
Contact an experienced seller’s agent. You can do that by reaching out to Berkshire Hathaway HomeServices at (310) 373-0021. We are standing by today to help you find the best way forward. We can help you assess which repairs – if any – are worth making before you list your home for sale. Trust us to provide you with the best help at every step of the process.