What to know before selling a house “as is” in Orlando
Sell your Orlando house “as is.”
Selling a house that needs repairs can be an uphill battle. If you need to sell your house "as is" in Orlando, understanding the nuances of this process is crucial. Let’s go over what it means to sell a house “as is,” explore the benefits and drawbacks of this method, and discuss your selling options.
What does it mean to sell a house “as is?”
Selling a house “as is” in Orlando means that you sell without making any repairs or renovations. While you may not get market value for your house, you won’t be responsible for addressing any issues found during a home inspection.
When you sell “as is,” you still need to disclose the condition of your property. Honesty is crucial, and any known material defects that could impact the property's value or pose safety risks should be revealed to potential buyers. Disclosure is a requirement in the state of Florida, and dishonesty or misrepresentation about the property's defects can lead to legal consequences.
Pros of selling a house “as is” in Orlando
Here are some of the benefits of selling “as is”:
- Fewer costs: Selling a house "as is" eliminates the need for repairs and staging.
- Less hassle: You don’t have to worry about coordinating with contractors or obtaining permits.
Cons of selling a house “as is” in Orlando
While there are benefits to selling your house “as is,” potential drawbacks can include:
- Lower sale price: Buyers may factor in the cost of necessary repairs and renovations when making an offer. If maximizing profit is your top priority, selling “as is” may not get you the same price as a renovated property.
- Fewer interested buyers: Many homebuyers prefer move-in ready homes, and some may face challenges getting approval from mortgage lenders for fixer-uppers. This limits your buyer pool and may result in a longer time on the market.
What about Minimum Property Requirements?
As you begin the home-selling process, you may need to consider Minimum Property Requirements (MPRs) set by the Department of Housing and Urban Development (HUD). These requirements ensure that a property is safe, secure, and structurally sound, and they must be met for a prospective buyer to qualify for a home loan. It's essential to be aware of MPRs if your buyer needs to secure their financing from a lender.
Your options to sell your house “as is” in Orlando
If you decide to sell your Orlando house “as is,” you can:
- Work with a real estate agent: Use a discount broker who specializes in “as is” home sales. They handle administrative and marketing work for a nominal fee, usually around 1% of the home sale price.
- List as FSBO (for sale by owner): List your property using a flat-fee Multiple Listing Service (MLS) to put your house on the market, maintaining control over the sale.
- Sell to a home buyer: Work with a real estate investor who specializes in buying houses that aren’t in perfect condition. These investors include house flippers, iBuyers, and off-market home buyers like us.
Sell your Orlando house “as is.”
We Buy Ugly Houses has over 25 years of experience helping homeowners achieve fast and easy home sales, regardless of their property's condition. When you work with We Buy Ugly Houses®, you:
- Avoid inspections and disclosures: We conduct a free, in-person consultation to evaluate your home without the need for additional review. We secure our own funding, so you don’t need to worry about MPRs.
- Reduce your time and effort: We understand that your house may need repairs, and we don't need you to stage your home for us to see it. And since we cover typical closing costs and don't charge commissions or hidden fees, you can focus on your sale. Our offers are discounted below market value in exchange for speed and convenience.
- Get a simple home sale process: When you choose to sell with We Buy Ugly Houses, we provide a 3-step buying process that supports you from consultation to closing.
When you’re looking for a fast sale, wanting to avoid making repairs, or simply desiring a straightforward process, We Buy Ugly Houses can help you in your home-selling journey. Reach out to one of our property buyers to start the process of selling your Orlando house “as is” with We Buy Ugly Houses.
This blog is for informational purposes only and should not be considered legal advice.
