When I sell a home as-is in a home sale, it indicates that I am selling my home in its current condition. I will not make any fixes or improvements before the sale.

On the contrary, people mostly sell a home as-is that is in disrepair, because the landlords or other sellers can’t afford to fix the flaws before selling. This could definitely assist them to sell the home for a greater price.

Alternatively, a home may have been through foreclosure and is now owned by a bank, or the seller may have passed away and left the house to inheritors or an estate broker who has little idea about the weaknesses of the home but need to sell it out.

Whatever the reasons are, the existing sellers aren’t willing to pay pretty much for this home. They just want to do the job and move on.

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WHAT CAN BE THE COMMON ISSUES WITH I SELL A HOME AS-IS?

To give a better sense of what a home as-is might entail, here are some common forms of defects that the seller doesn’t want to fix:

• Asbestos
• Broken or malfunctioning systems (e.g. HVAC)
• Chinese drywall
• Faulty or leaking roof
• Mildew or mold problems
• Structural issues
• Termite damage or infestation

Of course, it depends on the home, there are number of different issues the landlord will not address before the sale. Whilst, the issues could be minimal, but the landlord simply wants to sell the home ASAP.

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SO, SHOULD I SELL?

If I need to move pronto and don’t want to make fixes to my home, selling my home as-is is a better option. But do remember, it’s like slapping a big ol’ clearance sale sign on my house—Everything Must Go! Sure, I’ll definitely earn less money at the closing table than I would if I made the fixes. But it might be worth it in certain conditions.

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What do you think can be the pros of selling my home as-is? Don’t you think there could be many?