For Lyman Sellers, selling a home ‘as-is’ comes with both pros and cons. While this type of sale can save Lyman both time and money, it also carries considerable risk. Here, we will explore the advantages and disadvantages of this type of sale for Lyman Sellers.
The biggest advantage of selling a home ‘as-is’ is that it can save Lyman time and money. All repairs and renovations will be the responsibility of the buyer, meaning Lyman does not have to worry about making costly repairs and updates to the home prior to sale. Additionally, since the buyer is assuming responsibility for any necessary repairs, Lyman may be able to command a higher sales price.
The main disadvantage of selling a home ‘as-is’ is that it carries considerable risk. Lyman will have no control over how much money the buyer spends on repairs and renovations, so it is important that he does his due diligence in researching the potential buyer to ensure they are able and willing to take on the work. Additionally, Lyman will need to provide disclosure documents to the buyer detailing any known issues with the home, which may limit his ability to get the highest possible sale price.
In conclusion, there are both pros and cons to selling a home ‘as-is’ for Lyman Sellers. While this type of sale can save Lyman time and money, it also carries considerable risk. Therefore, it is important that Lyman does his research on potential buyers and understands the disclosure documents he must provide before entering into such an agreement.Selling a Home ‘As-Is’: Pros and Cons for Lyman Sellers