Selling a House ‘As Is’ in Virginia
If you want to skip repairs and make a quick sale, selling a house as is in Virginia may be the right choice. Learn more about the as-is sales process.
Looking to sell a house “as is” in Virginia? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on.
Matt Megel, managing partner with CAZA Group, which sells homes 65% faster than the average Reston, Virginia agent, says unlocking the home’s equity on a budget is one of the main reasons homeowners want to sell their property “as is.”
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“One of the biggest reasons [for selling as is] is people have money in equity in their home, but they don’t have much money in regards to savings to be able to renovate the property,” says Megel.
“So, there are a lot of the sellers in Virginia thinking, ‘Hey, if I can just sell it as-is, I’ll be able to get access to my equity without having to put more money into renovating the property.’ [It’s the] same as, accounts are low but equity is high, and they want to just sell it as-is to get access to their equity,” he adds.
“The second reason we come across is speed and convenience. This oftentimes will have to do with unique circumstances that don’t really lend themselves to renovating a property for sale. Like a property that was inherited through an estate or probate,” Megel says.
However, selling a house “as is” usually means accepting a lower offer, and it doesn’t always prevent buyers from trying to negotiate savings. Let’s look closer at how to sell a house in Virginia, your options for getting an offer, and what to expect from the process.
