selling your home “As Is”
Fix It Up Or Leave It "As Is"
Questions Determining If The Home Is Lendable
– Are all of the systems of the home in working order?
- Interior Paint (no chipping or peeling paint)
When The Answer Is No
If the home is not lendable, our buyer pool is only those who have cash or hard money to purchase. Buyers who are obtaining a loan to purchase, will not be eligible. Why? Each loan type has guidelines as to what condition the property is in. These are in place to protect the buyer. The lenders intent is to also minimize their risk, so they get their money back from the buyer! (AKA the buyer makes their payments) If the property needs a significant amount of work, lenders will not authorize a buyers loan.
When The Answer Is Yes
We would do a complete analysis of what both options look like. Resources for professionals who are qualified to do the work are provided. And a frank conversation around the fix-up costs are had. We’ll discuss any potential roadblocks and how we would address new discovery of issues. For some homes, the probability of finding more issues as others of being fixed, are higher than some, based on the condition.