When property sellers consider selling their house in Jacksonville they fight with the decision of “should I do all of the repairs and updated needed before I sell?” or should I just sell my house “as is”
The answer to this question can be different for every seller depending on their particular situation and how much time, money and aggravation they are willing to go through in order to complete the repairs or upgrades.
So what does it really mean to sell my house in “as-is condition?”
When the owner of a property decides to sell their house “as is” most of the time this has to do with the repairs or upgrades that would need to be done in order to make the house ready to resell to a retail buyer by a Real Estate agent. Nine times out of ten “as is” condition has to do with the physical condition of the property, but in some cases this term may also refer to the title or the deed of the property.
You can purchase a property that has what is called a tax deed as opposed to a warranty deed. This type of deed is issued on a property if it was sold at property tax auction in Florida. So be sure to specify what your “as is” may be for your property.
When a seller sells their house “as is” this does not mean that they are not responsible to disclose certain items that they know could affect the value of the property or the safety and health of the buyer. Some of these disclosures may include past water damage where there is a possibility of mold, structural issues that may have been covered up, environmental issues such as radon or major plumbing issues that they are aware of.
Just because the seller is selling “as is” as stated on the purchase and sale agreement does not waive the responsibility of the seller especially if they are making an attempt to hide or not disclose known major problems with the property.
Still the benefits of selling a property as is may outweigh the downside risks and it can really save the homeowner a large amount of time and money of having to do all of the necessary repairs in order to sell the property the conventional way.
Can you find Buyers that Want To Buy Fixer Uppers These Days?
Yes there are buyers out there that would love to get a great deal on a fixer upper and do the work themselves in order to save a lot of money.
A few of the problems with people looking for a “fixer” is that they are going to want a great “deal” on the property. Most of the time they are looking for properties that only need light repairs or what people would call “cosmetic repairs”, not properties that would need major renovations or repairs.
However there are reputable cash home buyers in Jacksonville, Fl that specialize in buying these types of homes. Another huge problem with regular buyers looking for a fixer is that a majority of the time these types of homes will not be able to be financed. So they are unable to get a mortgage in order to purchase your house as is. The bulk of these types of properties are sold to professional cash house investors.
Should I Do The Repairs Needed?
Is selling your house “as in” Jacksonville worth it?
Again it’s going depend on your skills, time and money that you can invest towards these projects. You must consider this before you start to tackle the repairs.
I can’t tell how many houses we have purchased throughout the Jacksonville Florida area where the homeowners started several projects and did not complete any of them. It can be a daunting task with all of the other commitments in your life. It most cases you can net more money in the sale if you do the repairs yourself but you’re going to have to put in the work.
When your considering what repairs or upgrades need to be done in order to get full retail price check out other houses that have recently sold in your area. See what upgrades were done to these properties and how long they were on the market before they sold?
The other thing to consider is doing the repairs that will bring the most money back when selling. Kitchens and baths are two of the biggest returns. Also consider major repairs such as AC replacement or new roofs if needed. A new homeowner does not want to buy a new house only to be faced with a major repair bill.
Selling your house “as is” in Jacksonville is not difficult…the hard part is determining if spending your valuable time and money doing the repairs is worth it.
If you are looking at only updating a kitchen or bath, it may be worth it in the long run. But if your house needs a complete updating you may want to sell your house “as is” to a reputable home buying company in the Jacksonville area.
If you do decide to sell your house “as is” here are some steps you can take to get the highest price:
Determine the property value after all repairs and upgrades are completed.
You can get a pretty good idea of the value from sites like zillow.com, redfin.com, or realtor.com
Compile a good estimate of updates or renovations needed.
You do not need to be a general contractor to estimate the repairs that will be needed . At this point your only looking to get a good guess-tamite of the repairs, you do not need to be exact. There are many sites out on the internet that can help you estimate repairs and here is one of them to estimate repairs.
Determine your “as-is” price you will ask for the house.
Now this can be the difficult part. It is really hard to determine the price because you still need to factor in the “aggravation discount” the buyer is going to want in order to fix up the property himself. If you only need cosmetic repairs you can probably just list it with a Realtor. If it needs major repairs or a complete updating you can save a great deal of money on commissions and fees and sell your house fast by calling a Jacksonville cash house buyer.
Most of the time when you list it with a Realtor they end up calling a company like Blonde Girl Homebuyers to buy their properties that need major renovations.
By going directly to a home buying company in Jacksonville you can save a minimum of 6% on the commission and possibly more if the home buying company pays for the closing costs also.
At This Point You Need To Decide If It’s Worth Going Through All The Hassle Of Fixing Up the property.
Don’t forget that you will still have to account for the costs to sell your house in Jacksonville. These costs consist of escrow fees, title fees, appraisals, surveys, Realtor Fees and usually some sort of discount on the asking price. In the Jacksonville area these could add up to between 8 to 12% of the final selling price of the property.
If your on the fence about whether to make the repairs or sell your house as is and your in the Jacksonville area give Gracie from Blonde Girl Homebuyers a call at 904-712-3300. There is no obligation to get a no hassle cash offer on your house and the call is completely confidential.
Blonde Girl Homebuyers in Jacksonville can give you an all cash offer on your house and we will buy “as is” no matter the condition. When selling to us you will never pay any commissions.There are no hidden fees or additional charges.
3948 3rd St S # 134
Jacksonville Beach FL 32250-5847
If you’re considering selling your house as is in the Jacksonville Fl area contact us for a fair all cash offer within 24 hours after we receive your information.