Any tips on selling a house "as is" ?

[Lsbcal]

Quote:

Originally Posted by Retired Expat There is a difference between “as is” do absolute nothing and as is try to get best price. If the place is filled with old stuff and furniture I would clean it out and clean it somewhat. It is one thing to show a house where the plumbing works and another where people can’t see past the moldy shower curtain. Invest in a dumpster at least....

Old stuff is being removed. Some painting. A basic cleaning.

[ERD50]

Question: Is the "as is" term being used here in just the day-to-day descriptive way, just to say you plan on little improvement (just basic stuff and clean up as mentioned), or is it a specific Real Estate term, that has some specific meaning in the housing market?

IOW, is there a special listing or something for "as is"? Probably depends on State/local laws, but I'm pretty sure the seller has to disclose known issues, and "as is" does not alleviate them of that?

-ERD50

[Lsbcal]

Quote:

Originally Posted by ERD50 Question: Is the "as is" term being used here in just the day-to-day descriptive way, just to say you plan on little improvement (just basic stuff and clean up as mentioned), or is it a specific Real Estate term, that has some specific meaning in the housing market? IOW, is there a special listing or something for "as is"? Probably depends on State/local laws, but I'm pretty sure the seller has to disclose known issues, and "as is" does not alleviate them of that? -ERD50

I have been told that since I haven't lived in the house I don't have to disclose much as I don't know much. One must disclose that someone died in the home. But then it is up to the buyer to perform inspections. The buyer is given about 7 days to arrange this.

[pb4uski]

Quote:

Originally Posted by Lsbcal Old stuff is being removed. Some painting. A basic cleaning.

In the case of my Mom's recent sale that is exactly what we did... all closets and drawers and cupboards were empty and clean. We had the carpet shamooed. We hired a cleaning crew to wash the floors, clean the cupboards and closets etc. We intended to have the blinds vaccumed and windows washed but didn't have time.

Bottom line... it was clear of clutter and clean.

Comps were hard to compare in that it was easy to find home in the immediate vicinity with the same square footage... in fact, some were even the same floor plan... but the difficulty was that recent sales of even the same floor plan were in various states of updatedness... some were sold worse than Mom's some all renovated and lots of in between.

[mountainsoft]

Quote:

Originally Posted by Lsbcal I have been told that since I haven't lived in the house I don't have to disclose much as I don't know much. One must disclose that someone died in the home. But then it is up to the buyer to perform inspections. The buyer is given about 7 days to arrange this.

When I sold my mom's house I had a long disclosure form to fill out and "don't know" was an option for every question. I lived two hours away and hadn't seen mom in over 20 years so "don't know" was my valid answer to 90% of the questions.

The buyer did get an inspection. I didn't get to see the results but there were a couple of small items I fixed before selling. The bigger ones I just said, sorry, take it or leave it. They took it.