Client FAQs
- kendrickcelestine3
- 23 hours ago
- 6 min read
How home value estimates are calculated?
Online home valuation tools look at millions of transactions to predict what a home is worth but they're often missing crucial data, making them inaccurate. By asking a few specific questions about your home, we can add a new layer of information to our estimates and get closer to an accurate value for your home. But even that can only get you so far.
That's where our SimpeSell price comes in. When you request a home value estimate, we ask our network of buyers to make you a real offer on the home. They compete for your business and you're presented with the highest bid. Usually, this offer is around 90 - 95% of your home's market value.
If you want to get even closer to your home's true value, we'll connect you with a Top Real Estate Agent near you. Local real estate agents can physically view the property, they list homes like yours every day, they know the neighborhoods, they know what's trending, and they can call out unique characteristics on the property. No online tool can do all of that.
How to sell my home as-is?
Many homeowners are curious about how to sell a house as is, as the move allows them to let go of their property without investing time or resources into improvements or repairs. It’s an enticing option, especially for sellers who are eager to move quickly or those with homes that have seen better days. If you simply don’t have the time or funds to dump into remodeling and negotiations, selling a house as-is may feel like a no-brainer. If pricing your home lower is what it takes to sell without repairs, it’s a reasonable tradeoff. After all, buyers shopping for homes in as-is condition aren’t looking for perfection. Outdated features, like an old electrical panel, worn carpets, or a retro kitchen, won’t put them off. And if you’re short on time or not interested in back-and-forth negotiations, it might make more sense to take a fair offer and move forward quickly.
To sell without doing repairs, you’ll need to find buyers willing to take on homes that might need a little TLC. And you certainly don’t want to leave any money on the table. So, how do you pull off a profitable, quick as-is sale?
To get answers, we called on a highly experienced group of as-is home sale experts for the scoop on how to nail an as-is sale.
Top reasons you might consider selling your house as-is?
Rather than throwing lots of time and money at your home, you may choose to sell it as-is and get on with your life. Here are the main reasons to sell your house as-is:
No time for remodeling: As-is home sale is one of the best moves when you need to sell ASAP and you can’t make time for renovations and long back-and-forth negotiations.
No cash for renovations: Sometimes, pouring money into remodeling is out of the question. According to Williams, this is the most common reason to sell as-is. If you lack the cash to revamp the kitchen or redo the flooring, you can sell to a buyer who’s prepared to invest.
Lack of desire: You may simply not want to take on a big fixer-up project. I see a lot of sellers who’ve inherited a home from a family member, but they’re in their forties, in the prime time of their careers, Williams says. They just don’t have time to take on a project like that. Or, they may just not want the hassle.”
Ready buyer: If you have a buyer on standby who’s willing to purchase your home as-is, you can skip listing with an agent and move straight into the sale.
Unlivable home: When safety hazards abound, selling as-is to a real estate investor may be your best bet. Otherwise, you’re stuck paying a lofty sum to fix huge problems like a broken furnace or leaking roof.
What buyers expect from an as-is home sale?
Selling your home as is doesn’t mean buyers will come without expectations. Most buyers understand that an as-is sale means the seller won’t be making repairs, but they still want to know what they’re walking into. Transparency is key to building trust and keeping your deal on track.
Here's what buyer typically expect in an as-is sale:
Opportunity to inspect the property: Most buyers will still hire a home inspector, even if they can’t request repairs. They want to understand the condition of the home and whether the price reflects any necessary work.
Honest disclosures: Even in an as-is sale, you’re usually legally required to disclose known material defects. Hiding issues can lead to legal trouble down the road or scare off serious buyers once problems come to light.
Fair price that reflects the home’s condition: Buyers expect a discount if they’re taking on repairs themselves. Pricing your home realistically helps attract offers and shows buyers you’re serious about selling.
Clarity, not surprises: Buyers aren’t looking for perfection, but they don’t want to be blindsided by major issues. The more upfront you are, the smoother the sale will go.
What will as-is buyers pay?
When you sell a home as is, expect to net less, usually around 75 % to 95 % of its after-repair value (ARV), depending on the buyer type and property condition.
Cash buyers and investors typically offer around 70% of the after-repair value (ARV) minus estimated repair costs. For example, a home with an ARV of $440,000 and $30,000 in needed repairs might sell to an investor for about $278,000—calculated as 70% of $440,000 ($308,000) minus the $30,000 repair estimate.
Owner-occupant buyers usually negotiate a smaller discount, as they’re purchasing for personal use rather than profit. Since they plan to live in the home, they’re often more focused on location and long-term value than squeezing every dollar out of the deal, so they may be willing to pay closer to market price, even if the home needs some work. Homes in better condition tend to land at the higher end of the 75 to 95 % ARV range.
Factors that impact pricing
Home condition: Homes needing only minor updates often fetch closer to 95 % of ARV, while properties with serious issues might only achieve 75 % or less.
Location and market trends: Homes in desirable neighborhoods tend to hold their value better, even when sold as is. Strong demand in the area can reduce the need for deep pricing discounts.
Financing terms: Buyers using traditional financing may offer more, but they often require the home to meet certain lender standards. Homes in poor condition may attract more cash buyers, who typically offer less but can close faster.
Pros and cons of selling a house as-is?
Pros to selling your home as-is
Leave the big repairs to well-funded buyers: Sell your home to a real estate investor who has the knowledge and funds to knock down a kitchen wall and install marble counters in an attempt to resell your home for more. That way, you won’t have to spend the time or foot the bill.
Increase your chance of a quick sale: As-is buyers are often cash investors. Without the financing requirements of lenders or the hassle of last-minute repairs before closing, you can shorten your closing timeline to as few as 10 days.
Reduce inspection haggling: On average, buyers negotiate $14,000 in savings based on inspection findings. With an as-is sale, you can try to set an appropriate price discount and communicate to the buyer that you’re not planning to offer further credits or repairs on the home, saving stress during closing.
Cons to selling your home as-is
Risk turning off buyers: Some buyers see as-is and read “red flag.” According to our experience, buyers tend to feel more comfortable offering a higher price knowing they can ask for necessary repairs during the inspection phase (and you’re not saying upfront that you’re unwilling to work with them).
Make repairs still, since they aren’t totally off the table: Just because you list as-is doesn’t necessarily mean a buyer won’t attempt to negotiate the costs of repairs. Of course, it’s at your discretion to determine whether accepting an offer with a request for repairs is advantageous to your bottom line. If a buyer makes a good offer and asks you to cover the cost of repairing a damaged window, for example, you might do the math and decide it’s a good deal.
Expect lower offers. When you sell as-is, you’re more likely to make price concessions. If you aren’t willing to put some money in, you may be leaving some money on the table.
Are there any legal considerations when selling a house as-is?
Yes, there are legal considerations when selling a house as-is. Ensure you comply with local laws regarding property disclosures. Some jurisdictions require sellers to disclose known defects or issues, even when selling as-is. Consult with a real estate attorney or SimpleSell real estate agent to understand and fulfill your legal obligations.
Who is buying my home?
SimpleSell has built a nationwide network of hundreds of pre-approved real estate cash buyers or investors. We let them compete to buy your home, so you can get the best offer.
Do I need a real estate agent to participate?
No, you do not need an agent to request offers with SimpleSell.
Do I have to move right away?
No. You’ll have the flexibility to pick a move date that works for your schedule up to 30-60 days from closing.
Is there a cost to requesting an offer?
No. Requesting an offer from SimpleSell is completely free.
Am I obligated to accept an offer?
No, you are not obligated to accept any SimpleSell offer you receive.
Comments