Based on your question and the answers that you had so far, they are all good. For my experience with Sellers that I successfully assisted to list their houses, some were regular folks whom had no idea about selling & listing the house, which option is best to use and some were savvy investors, whom bought and resale the house after renovation, each Seller has a unique goal and situation. I don't know which group of the two you are in, but understand what the Seller wanted and recommend the best solution to achieve the Seller's goal is what I do best since before I was become a licensed Real Estate Agent, I had 14 years of experience of working at the Home Depot and that had helped me tremendously when it comes to look at the house to analyze the pro and con of it's condition then to recommend the best option based on what you wanted to achieve. Bottom line is which option will bring back to you the most as you expected, selling AS IS or fix it up in some critical areas of the house to make it appealing to prospective Buyers since FIRST IMPRESSION is everything. I work with investors to help them to estimate the repair costs of an AS IS house to determine their net profit, so in your case, we need to discuss more in details so I would know your unique situation to give the right strategy of selling your house to maximize your chance to have the best offer. Like others had answered, as the Seller, you just need to let the Listing Agent know whether or not you wanted to list your home with AS IS condition in the listing. I can help you to analyze and to prepare for the selling of your home if you wanted to maximize its result. Thank you for the opportunity of answering your question and I stand by ready to assist you to reach your goal if the opportunity is given!
Best Regards and good luck,
RealtorBCpic2.jpgTony Phi Nguyen, CDPE, SFR
RealtorÂ®, Business BrokerÂ®, Licensed in Virginia
Certified Distressed Property ExpertÂ®
NVAR Multi-Million Dollar Sales Club
Westgate Realty Group, Inc.
7389 Lee Hwy., Suite 103
Falls Church VA 22042
To have your house listed on the market you do not need an additional AS-IS document, there is a para in the listing agreement which addresses that. However, when you accepts an offer it must have AS-IS addendum attached.
I totally agree with Erik that AS-IS properties sell for less than those which are not. My team have helped many sellers clients with properties which needed work without using an AS-IS clause and have negotiated on the repairs when the buyer has asked for them. In my experience having your house listed as AS-IS may raise a red flag to many potential buyers who may not see the property thinking there is a major repair.
I would suggest you should hire an experience and knowledgeable Realtor who can visit your house and listen to your concerns understanding why you would like to sell your house AS-IS and help you though the process to make the sale of your house worry and stress free experience for you.
I hope this information is helpful to you!!
please feel free to contact me if you have any other question or concern.
Faiza Alvi - RealtorÂ®
Prince William Realty, Inc.
PWAR Million Dollar Club - 2011
Real Estate is about building relationships
& serving clients with honesty, integrity & passion.
I however, must ask you a question..why sell as is? In most cases an as-is sale will net you alot less money. My team and I have taken quite a few sellers thinking of selling as is and made it a regular sale thus putting more $$ in the sellers pocket.
If this is of interest to you..feel free to contact me.
Erik J. Weisskopf, ABR,CDPE,CRS,GRI
Re/Max Distinctive Real Estate, Inc.
If you are using a licensed real estate broker who is also a Realtor ( the two are not the same ) to sell your home, you need to put into the Listing Agreement that you wish to do so. Glen is correct, as far as he goes, but, I think that if you wish to be free of all implied habitability warranties that may exist under common law, then I would put the requirement for an AS IS sale into the listing agreement. So, Seller, the short answer is that, as a seller, you don't need an additional document to begin the process. You will have to make sure that your selling broker only accepts contracts with an as-is addendum properly attached and executed to your satisfaction ( timing of the as-is clause may allow for a home inspection ).
When a home owner is selling their home in Virginia, that contract will need to include a Sales Contract Contingencies/Clauses Addendum. In that addendum there is a paragraph that deals with "as-is" property condition.
If I can be of further help please let me know.
Diane Miller, RealtorÂ®
Licensed in Virginia
Keller Williams Realty
6820 Elm Street Suite 100
McLean, VA 22101
Redefining Excellence in Customer Service and Business Integrity