“My husband and I are planning to sell our large 2-story home in University City. We’re in our 70s and don’t want to do a lot of fixing to it. Our daughter’s friend who is an agent told us to just sell our home ‘As Is’ and then we won’t have to fix anything. Will that work?”
Answer:
Yes, BUT…
Right or wrong, marketing your San Diego home “As Is” broadcasts a message to agents and buyers that your home has real problems that you don’t want to deal with. And that results in lower offers and some people avoiding your home entirely.
Plus, it’s almost impossible to legally bind a buyer to buy “As Is.” So why bother? I suggest you do NOT take that agent’s advice as it’ll cost you tens of thousands of dollars and a lot of frustration.
Here’s what I advise my clients:
Making a few repairs is just a normal part of selling a home today. When we get the buyer’s repair request, we’ll look it over. Is it reasonable? Are you getting a price you’re happy with? Would the next buyer likely ask for the same repairs?
Then we work to negotiate it into a shorter list and offer a credit (preferably) for the repairs or have a contractor or handyman make them. We handle the whole process for our clients.
