Selling An Ugly House
Selling an ugly house can be STRESSFUL. Most buyers are terrified of an ugly house because they lack the experience, money and vision to remodel it. Finally, you do find that buyer and their offer is lower than you wanted. Then they have a home inspection! Next thing you know, you're getting a list of repairs that's 15 pages long. You give into their demands because you'll do anything to get this ugly house sold at this point and then... the bank decides that they wont lend on a house in this bad of shape. What can you do?
You can sell your house AS-IS, which means that you aren't responsible for making repairs prior to the close of escrow. Here are some things to keep in mind should you decide to sell your house AS-IS:
1. There are some repairs, such as code violations, that should be addressed if you want retail buyers that will be getting financing.
2. The house might need substantial repairs, but that doesn't mean it shouldn't be clean and neat.
3. Be prepared to get a lower price for your house.
4. You still need to fill out Seller's Disclosures accurately and honestly and you need to make it very clear (in writing) to the buyer that they're buying AS-IS.
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