Are you planning to sell your property but don’t know if you should make some repairs and just sell it ‘as is.’ For those of you who don’t know, you can sell a property just the way it is by the time you decide to sell it, without fixing anything and stressing that much. This actually works for people who are on a tight budget but there are some things to consider too.
So, before investing in some properties on Dubai Hills Estate or Madinat Jumeirah Living, or even taking a look at some apartments for sale in Dubai, you should begin to consider what are the pros and cons of selling a home ‘as is’ because it may seem like the easiest way to sell a property but before doing it you should know what selling ‘as is’ means to you and your profit.
Some disadvantages of selling as-is are:
- BUYERS WILL PERCEIVE YOUR HOME NEGATIVELY
The moment someone comes to see your place and notices that you’re selling it ‘as is’, buyers will start to wonder what’s so wrong about the property and how bad it is for you not having it fixed.
- BUYERS WILL LOW-BALL YOU
You will receive lots of bargains because the buyer will assume that the property has one or several defects that may lower the property’s value. And you will get offers for less than what you’re asking.
- YOU WILL HAVE TO WORK HARDER TO DEMONSTRATE WHY YOU HOME IS WORTH PAYING FOR
Potential buyers will need a very good argument for you and your real estate agent that your property is actually worth what you’re asking for or even to be bought in the first place.
- YOU WILL ATTRACT FEWER BUYERS
You know that the real estate market is very wide and has many options around, selling an ‘as-is’ property will drive lots of potential buyers away.
- REASONS TO SELL AS-IS
There aren’t many advantages when you decide to sell your property ‘as is’ but there can certainly be some reasons like if you can’t afford to make repairs, you can’t handle the stress of selling a property or you’re just financially distressed.
When you sale a property in that state you can’t expect much and that’s the truth. That’s the reason why many Dubai real estate agencies recommend to give a revamp to the property before selling.
