How To Sell A House As Is In Colorado Springs

What Does it Mean to Sell a House As-Is?

Selling a property in “as-is” condition simply means that the seller of the property wants to proceed with the sale of the home without performing any repair work to get it ready for retail sale on the local markets.

An as-is sale typically refers to the actual condition of the property itself, and not the title, or deed of the home.

When selling as-is, the seller doesn’t have to disclose any of the property’s defects to the buyer, since they have already previously agreed that the home is being sold in its existing conditions, without any repair work being done to spruce it up for the local markets.

Some of these unlisted property defects could include structural damage, water damage, mold, and other hazardous conditions such as asbestos and more.

Adding an as-is clause to the contract will not absolve the seller of the liability of these various hazards, especially if there is an attempt to cover them up, and hide them from the buyer during the sale of the property.

Selling a house “as-is” in Colorado Springs means putting your property on the market without making any repairs or updates, appealing to buyers willing to take the home in its current condition.

This approach can be advantageous if you’re aiming to save time and avoid the expense of renovations, especially if the house requires significant work.

To successfully sell as-is, it’s important to set a fair price that reflects the property’s condition, which can be determined by comparing similar homes in the area or consulting a real estate professional.

Disclosing any known issues upfront is also essential, as it builds trust with potential buyers and helps you stay within Colorado’s real estate disclosure laws.

Working with cash buyers or investors can often lead to a quicker sale, as they’re typically more prepared to handle properties in need of repairs.

Do Cash Buyers Want Rehabbers in Colorado Springs?

If you’ve been looking to sell your home as-is for cash fast in Colorado Springs, you must market your house to investors as a “fixer-upper” property, because that is what the majority of them are searching for.

This is because these “house flippers” are looking for properties that they can fix up, and then rent out or resell on the local real estate markets for a nice profit.

So if you find yourself in a situation where you need to sell straight to a cash buyer, then you can usually pick up a free online quote and close on the deal in as little as 7 days.

Many homeowners prefer to deal with a cash buyer when selling their unwanted, burdensome property because they will not be required to fix up the home, and they will also be able to avoid any commissions or fees that would normally exist when dealing with a local real estate agent.

So how do you determine if you are going to list in with a local agent on the MLS, or deal strictly with a cash buyer?

Well, you must ask yourself certain specific questions that will give you a better idea of the timeline that you are dealing with, and what price you need to sell at.

If you aren’t willing to make the repairs and need to sell the home quickly, dealing with a cash investor is the obvious choice.

If you have the money and aren’t on a specific timeline, then it might be worth it to attempt to fix up the home yourself or hire some contractors to do the work and then list it with a local real estate agent.

This is the way to get the most money for your home.  But the caveat is that you will have to wait several months, or sometimes even years for the contractors to finish the work, and the realtor to list the property, and find a buyer.

For many people who are facing foreclosure or divorce, this simply isn’t an option…so dealing with a cash buyer becomes even more attractive, and something that appeals even more to people in these types of stressful situations.

How Do I Get The Highest As-Is Offer Possible?

Step 1: Get multiple offers from a variety of local home buyers.  If you come across a reasonable offer that makes sense for you and your family, then it might be a good idea to jump on it.  Just beware of foreclosure scams in Colorado Springs.

Step 2: If you are not on a very strict timeline, and you aren’t under extreme pressure to sell your home quickly, then listing your home with a realtor or selling it FSBO could be a sensible option for you and your family.

If you do decide to list it with a local real estate agent, be sure to add an exclusionary clause inside of the commission terms papers, which will save you a large sum of money should you decide to change your mind and accept a cash offer on the home.

This could potentially save you thousands of dollars down the road and is always smart to include it in the contract, regardless of the situation.

Step 3: Choose the best offer.  Use your judgment and deal with a reputable company that has some reviews, and comes across as very professional.  USE COMMON SENSE!