Selling your house can be a daunting task, especially if you want to sell it as-is and do not know where to start or what all your options are. It’s important to know that selling your house to a credible real estate buyer is very possible and can save you a lot of time, money, hassle while avoiding the stress of a traditional sale. In this blog, we’ll provide some guidance on selling your house directly to help you to achieve a successful sale of your Las Vegas house as-is.
Why Sell Your House As-Is?
There are many reasons why Las Vegas homeowners choose to sell their properties as-is. Some are dealing with difficult situations such as divorce or foreclosure, prompting a fast sale of their home. Others want to sell their homes quickly without making repairs and doing any cleaning in this hot weather! When a property needs significant work that will affect the value of the house, selling as-is should be highly considered because you don’t want to pay for additional expenses if you don’t have to, plus paying commissions and closing costs sometimes simply doesn’t make sense, especially if the same investor buys the home. It’s good to compare all your home selling options and choose the route that benefits you and your family financially and emotionally. Either way, this process has many great benefits for property owners when they need it most and Gr8housebuyers is known to be one of the most favored off-market home buyers. We buy both on-market and off-market properties.
Run the Numbers for Your Property
The first thing you’ll want to do is to get your numbers in order. What is your home truly worth? How much will repairs and junk removal cost? How much will moving expenses be? What have other similar properties in your neighborhood recently sold for? When was the last time the house was inspected or appraised?
Below is a guide that we have made that will help you better understand the fair value of your house, and how to determine what your home is worth:
What determines the fair market value for a house?
- The Location & Similar Comps or Properties – The exact location of the home you’re selling and the neighborhood where it is located will define, in part, its sale price. It is also important to analyze similar properties or comparables (comps) recently sold in the same area that have similar conditions, characteristics and specifications, such as square footage, number of bedrooms/bathrooms, floors, pool, garage, lot size, etc.
- The Condition of the Home – The as-is condition of the house is something that should always be considered when selling a house. The amount of repairs or renovation the property needs for you to modernize the home is very important and must be taken into account when determining the fair market value of a house. Will you prepare the home to sell as-is, give it a rent ready or basic remodel and just do some TLC or cosmetic touches to the home, or do you want the maximum value by upgrading everything (full home renovation) with a more luxury feel? A entirely new and upgraded home will provide you with the maximum After Repair Value (ARV) for the house. Keep in mind, neutral colors and upgrades is also crucial when updating a house.
- Real Estate Market Conditions – It is the condition of the real estate market based on supply and demand. A few other important factors that determine the fair market value of a house: is the economy, demographics, interest rates, government policies, season, inflation, taxes, etc.”
Using this information, you’ll be able to determine if a direct sale is the right choice for you. If your house needs a lot of work, it is often wise to avoid listing it on the MLS. Repair costs add up quickly, leaving you with a much less profit when all is said and done. A direct sale can help you sell your house as-is, while putting more money into your pocket than you may think.
You may have a good idea of what your Las Vegas home is worth, but you’ll have to factor in the things in this blog too. Some property buyers will offer pennies on the dollar. However, Gr8housebuyers® is much different and wants you to come out on top. We pay above the average competition for your house. When working with any direct buyer, always be sure that their offers are transparent. Meaning that they can easily justify their offer price and aren’t trying to lowball you in any way. Take your time on running the math for your house.
Keep in mind that property buyers usually offer a lower price than the market value to factor in the cost of repairs and upgrades, holding costs, junk removal, future costs when the property is listed again after renovation, market risks based on the projections and market conditions, etc., but once you run all the numbers, a genuine offer will add up.
Research Credible Home Cash Buyers
When choosing to sell your home directly in Las Vegas, you’ll want to research credible home cash buyers. These are individuals or companies that specialize in buying houses in any condition without the need for repairs, upgrades, cleaning, or real estate agent commissions and closing costs. Gr8housebuyers has many other services and programs you can benefit from when selling a house like hold-backs, cash-for-keys, cash advances or early release of funds, local moving assistance, etc.
You’ll want to do your due diligence on any buyer you choose to work with, as not all real estate buyers are the same. Check their reviews and ratings online, and ensure there aren’t any red flags you should be watching out for. Speak to the a 3rd-party company like the title company that they plan to utilize, and get their opinion on their reputation. You should also check if they have any lawsuits or complaints against them. This will give you peace of mind knowing that you’re dealing with a credible home cash buyer who will offer you a fair price for your house.
At Gr8housebuyers®, we are extremely grateful for our clients throughout the Las Vegas area and care about their wellbeing. As such, we have built a solid reputation for our business and will always guide every client like they’re our own family.
Be Prepared to Sell Your House
Although you don’t need to make any repairs or upgrades when selling your house directly to a company like Gr8housebuyers®, it’s still important to prepare for the change. This means decluttering, packing, cleaning, and getting a plan in place if you will be moving out of the home. Plus, this can help negotiate a higher offer for your house. If it is an investment property, you will not have as much to worry about.
At Gr8housebuyers®, we are happy to work with you on the closing date. We will work on your schedule to ensure a smooth sale and transition for all parties. We can even handle any unwanted items you wish to leave behind. Don’t worry about the stress and hassle, we will make your home selling experience simple.
Closing With a Direct House Buyer
The closing process involves transferring the ownership of the house to the buyer and receiving the payment. You should work with a real estate attorney or a title company to ensure a smooth and legal transfer of ownership. At Gr8housebuyers®, we rely on a reputable and local title company to facilitate all of our transactions.
You should also make sure that you have all the necessary documents and paperwork, such as the deed, mortgage statements, tax records, death certificates and Wills, ready for the closing. This will help expedite the process and avoid any delays or complications.
Selling your home as-is is completely possible and can save you a lot of time and money, depending on your situation. You should research credible real estate buyers before making any decision about how to sell your house in Las Vegas. With the right preparation and a little bit of patience, you can sell your house as-is and move on to the next chapter of your life without any more wasted time or money.