Selling as-is can be fast and convenient, but a few common mistakes can cost you. Five to avoid, plus a short checklist before you accept an offer.
Selling a home as-is can be fast and convenient. Done carelessly, it can also cost you. In this video, Kristen from Driven2 Solutions covers the biggest mistakes homeowners make in an as-is sale and how to avoid them.
Five mistakes to avoid
- Taking the first offer. One offer gives you nothing to compare against.
- Undervaluing the property. Know what similar homes have sold for, in their condition, before you negotiate.
- Falling for “no fee” gimmicks. A buyer can advertise no fees and still offer less; what matters is what you walk away with.
- Not vetting buyers. Ask for proof of funds, check reviews, and find out whether they will actually close or plan to assign the contract to someone else.
- Skipping simple presentation steps. Even an as-is house benefits from being cleaned out and easy to walk through.
A quick checklist before you accept
- Do I know roughly what the house is worth as it stands?
- Have I compared at least two offers, or an offer against a listing?
- Do I understand every fee and who pays closing costs?
- Has the buyer shown proof they can close?
- Has someone I trust read the contract?
