Selling a House As-Is: What to Expect and How It Works in Indianapolis
Take a close look at your area’s online classified section and you will find reference of “as-is” condition. If you aren’t completely certain as to what the term means, take comfort in the fact that you are not alone in your crowd.
Indianapolis houses are being sold as-is now more than ever. This is your inside look at what selling a house as-is really means.
Selling a House As-Is: What to Expect and How It Works in Indianapolis
As-is condition seems a bit intimidating as it is a form of legalese. However, as-is condition is more direct and intuitive than many laymen assume.
The phrase means exactly what most imagine upon first reading or hearing it: selling something in its current condition. The term is also applicable to Indianapolis houses for sale.
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Choose to sell your Indianapolis house in as-is condition, and you will get a sizeable sum of money for the property in its current condition. This means you will get the current value of the property in its existing stat,e regardless of whether repairs are necessary.
Even if you have not made a single repair to your Indianapolis home since buying it, you can sell it as-is. Moreover, if the house is in sore need of remodeling, a new paint job or even significant foundational repair, you’ll get cash for it.
In some cases, dilapidated houses in Indianapolis are purchased, gutted and rebuilt. There have even been situations in which houses are leveled after an all-cash sale.
Why?
Because the land has inherent value. That is part of the reason why we buy houses Indianapolis.
How a House in Indianapolis is Sold As-Is
The process to sell an Indianapolis house as-is is not nearly as complicated as many assume. Here’s how it works.
The first step is to contact an all-cash house buyer in Indianapolis.
Let the prospective buyer view your home to get a sense of its value. The potential buyer will juxtapose your house with other comparables in your area.
Be sure to let the prospective buyer know you are selling the house in as-is condition. This way, the buyer will factor in the potential cost of repairs, renovations, new paint and other enhancements when making an offer.
Wait for the buyer to make an offer. In some situations, offers are made in mere days. If you are interested in the offer, communicate that interest.
Though there is no guarantee the prospective cash buyer will increase the offer, you will sleep soundly knowing you have an all-cash offer in hand.
That is priceless.
Accept the offer and it will not be long until the deal closes. You’ll sign the necessary paperwork and receive the cash in surprisingly little time.
Stress-Free House Selling in Indianapolis
If your house is in a state of disrepair, don’t panic.
Even if the wallpaper is peeling and the walls have holes, you’ll get a cash offer. As long as you disclose the condition of the house to the best of your actual knowledge at the time of the sale, you’ll get cash.
The best part about selling in as-is condition is you won’t have to invest money in potentially costly repairs or improvements. Nor will you have to replace an aging roof.
Simply disclose what you know about the roof, appliances, home systems and hazardous/toxic substances on-site.
You will also have to disclose information about the following:
- Flooding issues
- Foundation problems
- Zoning violations
- Code violations
- Government notices
- Underground storage spaces
- Current or threatened litigation pertaining to the property
- HOA membership
- Restrictive covenants
However, even if such problems exist, they don’t preclude a house sale in Indianapolis. Tell the truth about your house’s current condition and you’ll receive a cash offer that reflects its value.
Get an Offer From Ben Buys Houses
A cash offer for your Indianapolis house is a call away. Contact us at (317) 455-6768 or by email at Info@BenBuysIndyHouses.com.
We buy houses in Indianapolis for fair value. Reach out to us today and you’ll get an all-cash offer for your Indianapolis house.
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