In an as-is sale, the seller typically does not assume responsibility for making repairs or addressing issues found during a home inspection. Buyers should understand that unless they waive the home inspection or condition contingency, they generally retain the right to back out of the sale if the property's condition doesn’t meet their expectations.
1. Accurate Pricing
While an as-is sale doesn't mean pricing the home below market value, it’s essential to price it realistically based on its condition. Pricing it too high can turn off potential buyers, while an appropriately set price will highlight the home's true value.
2. Transparency in Marketing
Clear communication is key. Your marketing should emphasize that the home is being sold as-is and describe its current condition. Listing any expected repairs or maintenance issues allows buyers to make informed decisions, while showing the home’s potential can spark interest.
3. Conduct an Inspection in Advance
Before listing, consider having a pre-listing inspection done. This gives you a better idea of what potential buyers will find and can help you make informed decisions about pricing and what to disclose upfront. Transparency is essential in avoiding surprises during negotiations.
Selling a home as-is can help you save time and money on repairs while also ensuring a smooth transaction. With the right pricing, marketing, and communication, both buyers and sellers can have a successful experience, making it a win-win for everyone involved.
Kate Lang | Lang Realty Co
Realty One of New Mexico
9674-3 Eagle Ranch Rd NW, Albuquerque, NM 87114
C: 505.554.6067 | O: 505.883.9400
langrealtyco.com
MOBILE: 505.554.6067
OFFICE: 505.883.9400
Powered by: Realty One of New Mexico
9674-3 Eagle Ranch Rd NW
Albuquerque, NM 87114
Kathryn "Kate" Lang, Associate Broker
License # 40964