Making the Decision to Sell a House As Is in Sacramento
The Sacramento Real Estate Market is vast and diverse. So is each neighborhood that is dotted with houses and families, each with different needs, wants and aspirations. At the end of the day, when it comes time to sell your house, it stands to reason that every family will have a motivation that is ultimately different from that of its neighbor.
Whether or not you are selling a houses As Is in Sacramento, the real goal for any homeowner should be, to sell for the highest possible price for the least amount of out of pocket expenses and at the end of the day to put the most amount of money possible back into their wallet.
Conventional wisdom says that if you fix and update your house you will get the highest possible sales price. Conventional wisdom however does not keep track of the houses where sellers spent thousands of dollars fixing and updating that never saw a return on that investment.
The conventional wisdom does not account for a lot of things including holding cost when waiting for a house to close;
- Mortgages payments until closing
- Property tax
- Homeowners Insurance
- Commission’s paid to Agents
- Closing cost
Selling a House As Is in Sacramento requires you to answer some real basic questions. If you are looking to maximize your return on investment then you have some decisions to make.
- Do I have the time and money to invest a significant amount of money to fix and update the house that I have?
- Am I better off just Selling My House As Is?
Answering those questions is critical to a positive outcome and as a homeowner you must familiarize yourself with the local competition and know what your house is worth in Sacramento if you are going to successfully sell your house that is in need of repairs.
There is a understandable misconception that unless the listing or advertisement to sell the houses says specifically that the house is being sold in its as is condition, it is not.
There is also a misconception that when you sell a house As Is in California in that there is no need to make disclosures of any kind and the seller is not liable for any known defects. While this is NOT true, it does depend on who the buyer is and what they were aware of when they purchased the house. With that said the seller has an obligation to disclose all known defects whether they have lived in the house or not.
Every buyer is different but the majority in today’s Sacramento real estate market want a house that is in move in ready condition. As such, the deferred maintenance or or visual problems like the peeling or unpainted front door would be a turnoff to one buyer while a large crack in the front sidewalk would be perfectly fine with others.
Let the buyer beware because all houses, no matter how new or old with all of the upgrades and bells and whistles, have defects. It doesn’t matter whether you can see them or not. It is why 95% of all Buyers will order home inspections and some may even purchase extended warranties.
This article is about the decision to sell a house in it’s As Is condition.
There are many reasons that a homeowner would want to advertise a house in it’s as is condition. It states that the owner knows that there are defects, deferred maintenance or other issues and that they are unwilling to do or pay to have them corrected. It also refers to the physical condition of the property and its resale value. There is nothing wrong with selling a home in it’s as-is condition as long as in doing so the homeowner also discloses what they do know regarding the house that affect the livability of the house as well.
Most States have disclosure laws that require owners to disclose whatever issues are known at the time of the sale. So just because a seller wants to market a home in it’s as-is condition does not mean that they get a free pass from needing to disclose any known problems, no matter how big or small.
Examples of these types of disclosures include;
- Easements (is a new freeway being constructed)
- Use restrictions
- Code Violations (City or County)
- Known Structural or Foundation issues
- Sewer or plumbing issues
- Electrical system issues
- Age of Roof
- Code Violations
- Dry rot and termites
- Hazardous waste
- Industrial Areas
It is not uncommon that many owners of houses may have never actually have lived in a house. Maybe they lived in the house many years ago as may be the case with a family home that they inherited.It also stands to reason that they may not be aware of the condition of the house today so many may feel like they have no choice but to sell it As Is taking away any buyer expectations that the seller knows something. In California it may be their only cost effective way to dispose of the house without having to invest thousands of dollars that may never get back.
Most sellers of inherited houses live in distant places making it almost impossible to manage the work that may be required to repair and update a house that is in need of repairs. The cost can be staggering and aside from the financial implications, the practical implications of managing so many and varied projects from a distance is not a homeowners first choice.When you add in the cost of inspections, the interviewing of qualified contractors and the time frames necessary, the benefit may be eaten up quickly by holding costs and a as a practical matter there may be no return on investment.
It Doesn’t Always Pay to Fix and Update
As a Cash House Buyer in Stockton, Sacramento, Manteca and Modesto CA I have seen first hand the law of diminishing returns in real life as the cost to fix a distressed house mounts. In my experience, unless you are a local homeowner and know what you are doing, it is almost always more practical and cost effective to just sell the house in its As Is condition. We have purchased over 100 properties from either out of town or out of state absentee owners (either they inherited or they were aging landlords) just looking to liquidate the houses.
There are many advantages for homeowners of distressed houses to selling a home in its As Is condition and doing so can save them thousands of dollars. By selling the house as is, the homeowner avoids;
Holding cost waiting for the house to sell
- the cost of any unknown defects altogether.
- They avoid costly repairs and costly updates,
- hiring and managing Contractors,
- budget over runs and
- finally they avoid any long time frames in waiting for those repairs.
Keep in mind that most homeowners that want to sell a house in its current as is condition usually want sell as soon as possible to get on with their lives. The many reasons and motivation to sell a house as-is is usually a decision based on a planned strategy that are mostly “time and money” driven. Once we understand that, we understand that selling a house as-is in Sacramento is a way to sell a house fast, without headaches and heartaches.
When Selling a House As Is in Sacramento YOU NEED BUYERS!
Unfortunately, a majority owners of distressed houses that are advertised in their As Is Condition also make a very costly mistakes in the process. They can include:
- Hiring the wrong person. More than anything Homeowners with Distressed houses NEED CASH HOUSE BUYERS IN SACRAMENTO. While Real Estate agents can bring in qualified buyers for the fixer upper or handyman special, you are also going to pay a 6% commission for the experience.
Why would you add a layer of cost when it is really as simple as doing a Google Search for Cash Home Buyers in Sacramento or We Buy Houses Sacramento to sell the house directly to a home buyer in Sacramento.
- Patching and hiding Problems rather than fix them
Another costly mistake is that many homeowners think that they can mask the problems with paint, tile, carpet and other flooring. In doing so they spend thousands of dollars on cosmetic quick fixes rather than addressing the underlying problems that the house may have.
Imagine for a moment a homeowner paying to have all of the broken or cracked panes of glass replaced in the house with old style pulley weighted and wood framed windows. The new panes of glass add no value, especially if the buyer is just going to replace them with newer vinyl dual pane windows. Was there any real value added or just money spent unnecessarily. I cant tell you how many times I have walked into a house and noticed cracks in the ceiling that were partially filled with calking and painted as if no one would notice. Buyers can quickly spot poor workmanship in an attempt to “cover up” a very noticeable problem.
The truth of the matter is that some repairs are not going to have a return on investment and some houses need so much work that you are most likely picking and choosing the wrong projects that are going to add value anyway.
We purchased a house last year where the homeowner had re-tiled the bathroom floor and shower, but there was so much dry-rot and decay under the the bathroom toilet and tub area, tiles were cracking and popping during the showing. The entire bathroom needed to be redone.
When Selling a Sacramento House As Is, Cash Buyers Are Your Best Option:
YOU NEED HOUSE BUYERS WITH CASH: When Selling a houses as is in Sacramento, the real numbers can’t be ignored. If we already know that 95% of all buyers will order at least one inspection and that the same 95% of all buyers also want to buy a houses that is in move in ready condition, then we can appreciate that only 5% of the buyers may be interested in buying a house as is in Sacramento.
If you are a seller of a home and want to sell it in it As Is condition you need to know that the size of the potential buyers or market is reduced exclusively to Cash Home Buyers in California.
My name is Peter Westbrook and I am a local Cash House Buyer, a real estate investor located in Stockton, Sacramento, Manteca and Modesto CA. I have been in business for many years and this is one of those topics that is near and dear to my heart.
We buy houses in their current as is condition without the need for inspections, or contingencies. No banks appraisals or approvals, just cash for the seller.
If you need to sell your house As Is in Sacramento and get the most money from the sale, I would suggest that you call me at (209)481-7780 and get a no obligation cash offer. You can also visit my website at https://www.webuyhousessacramento.org and fill out the short form and I will call you. Either way I think that you will be pleasantly surprised on my ability to make an evaluation and offer to purchase your house.
At “Westbrook REI“, we are the best at what we do because we work at it every day. We understand that a commitment to customer and a commitment to our business only happens with hard work. We have years of experience and a plan that we follow. We are a real company with real people that are committed to helping you achieve your goals.
We buy houses in Stockton, Manteca, Modesto, Tracy and Sacramento CA. If you need to sell your house fast, call us… we’d love to make you a fair no-obligation no-hassle offer. You’ve got nothing to lose, but we’d love to earn your business. Click Here For More Information