As the name suggests, the option to buy houses sold “as-is” has proven to be an increasingly popular option for homeowners looking to provide a quick resolution to their home sale:
An As-Is Sale Can Reduce the Time to Receive a Home Offer: The idea of saving time does not resonate more with a homeowner than a seller. It is the bane of existence for many homeowners to contemplate the idea that getting your home “sale-ready” could take several weeks, if not months, to complete. Some homes are on the verge of dilapidation and the only viable solution to get the home in any type of “sale-ready” condition would be to conduct a complete renovation of the property. An expensive and uniquely dynamic problem.
Every example requires an innate skill of interpretation. Meaning, the reader will need to interpret what is being stated within the case study; apply these same ideas & concepts; apply this conversation to a real-world example to fully understand these five examples at a higher conversational level.
Understanding the Tacoma Real Estate Market
The Tacoma real estate landscape has been getting a lot of attention recently, and for good reason—a combination of economic factors and demographic trends has created a perfect storm in this once overlooked market. Many people in the Pacific Northwest are desperate to find affordable housing, and Tacoma is an affordable market in an excellent location. It’s actually physically impossible for many of the people moving here not to bring their high-paying Seattle salaries with them.
Even before the global pandemic and the rise of remote work, the math made a lot of sense to many buyers, which is why homes in good condition that are priced “right” tend to sell immediately and over asking price. Many families are choosing to sell their Tacoma homes in 2022 for this reason.
In late 2021 and 2022, the trend for Tacoma house buying is that many starter and “move-up” homes are selling very quickly in bidding wars, especially since the cost of borrowing money is low (due to low-interest rates). Homes look attractive to many first-time homebuyers and young families because of the strong overall value proposition of being a homeowner in Tacoma, Washington.
The Benefits of Selling Your Home As-Is
Many people chose this method of home buying for a number of reasons:
No repairs needed – This is probably the part of traditional home selling that gives homeowners the biggest headache. The rush to fix up a house before listing it can eat a hole in the seller’s budget in a flash. Unfortunately, many sellers don’t even see a return on most home renovations. Fortunately, this method doesn’t require you to change a thing in your home. Listing your home “as-is” truly means what it states.
Quick sales time – When you list your home “as-is”, you are looking at a much shorter time spent in escrow than those who sell the traditional way. Homeowners who are on a time crunch may need to move right away. Then, listing your home “as-is” can be a real asset. Companies that advertise “we buy houses as is” are often quite well known for moving along at record speed. You’re not looking for a traditional buyer. You won’t need to wait for buyers to get their loan approved or to pass inspections. And you’re likely not looking at much of a negotiation process.
No showings or open houses – As we stated above, you won’t go through that stressful period where you have to constantly scour and clean your house from top to bottom for an entire weekend open house. You don’t have to worry about getting it “show” ready, or staging, or any of that. You can simply walk away.
The Step-by-Step Process of Selling Your Home As-Is
“We Buy Houses As Is” encourages homeowners to initiate contact, providing essential information about their property’s location, size, condition, and repair needs. This process equips home sellers with the information needed to evaluate the current state and market conditions of their home.
The home evaluation process is a significant element that feeds into the company’s home offer. A home’s age, quality of materials, wear and tear, and the local market will all be elements the evaluation team will investigate during the home sale, and the team may also assess how the local market in Tacoma, WA is influencing home sales more broadly. This evaluation allows home sellers to understand how their home fits into a home listing at the macro level.
After the evaluation, home sellers are offered cash for property backgrounds. The cash offer again reinforces the real estate insight offered. Sellers will interact with a cash offer that has taken into consideration the local market in Tacoma, WA. Clearly, home sellers can expect interaction with straightforward and competitive pricing.
Closing is the last step in the process, which tracks to a similar structure as other real estate transactions. It takes into consideration that once an offer has been accepted by a seller, the buy-side must work feverishly to close the sale.
Frequently Asked Questions
Getting rid of your old junker for good might be more doable than you think. It should come as no surprise that a car has to be in pretty specific circumstances in order to be sold for scraps. These are some standards for selling a vehicle for scraps:
■ It has to be broken down to the point that it is no longer worth repairing.
■ It could be damaged by an accident, the elements or even criminal activity (you never know with those neighborhood vandals).
■ It could be very, very old and will probably stop working soon. But you shouldn’t be condemned to waiting around hoping your car will bust a tire or something. If your car is nonfunctional, it does not have to work correctly to be sold.
That’s mostly it. Each case varies and selling your little rust bucket can end up being a genius occurrence. There are even places available that will bring a truck, pick up your car and then mail you a check after inspecting it. To look at your car and what it’s worth, you can contact us here. Ask us anything. Odds are, it doesn’t matter. If it is in the form one would consider to be a car, we will probably be able to scrap your car.
Finally
Numerous benefits come with selling your home “as-is” in Tacoma. It boils down to selling your home exactly how it is, right now. There’s no need to do any of those pesky “do it yourself” repairs and renovation jobs that might still be on your “to-do-list.” It’s a great opportunity for anyone looking to sell their home fast, and here’s why:
Sell Your House Faster – The process of showing your home to multiple interested homeowners, inspections, negotiations, and all the rest that goes into a “typical” home sale can add weeks or even months to your “timeline.” CONTACT We Buy Houses As Is, and we’ll give you a fair CASH offer to buy your house fast.
Our home-buying business model is set up to “close the deal” very quickly so you can downsize, retire, move for work, or do whatever you need to do, put this all behind you, and move forward as quickly as possible.
Call us today at +1 206-291-6117 for more information about your situation, and to see what we can do to help you.