Selling a House As-Is in Illinois

Looking to sell a house as-is in Illinois? 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.

“The first thing that’s important to distinguish is whether as-is comes from the seller or the buyer,” explains Monica Bullington, a top agent in Bloomington-Normal, Illinois, who works with over 85% more single-family homes than the average area agent.

If a seller or an agent lists the property as-is, the label can carry implications. “There’s usually a connotation that something’s wrong with the home, and/or there are some issues the owner does not want to fix,” she says. Those properties are typically distressed homes, which usually need significant structural or cosmetic repairs.

In a seller’s market, buyers will sometimes submit an as-is offer to indicate their willingness to purchase a property without expecting the seller to make any changes. “That’s a completely different ballgame from the seller’s as-is,” says Bullington.

She reports that some owners of updated homes in excellent condition will even list their properties as-is, anticipating multiple offers. They use the term to indicate to buyers their unwillingness to make upgrades or repairs.

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 take a closer look at how to sell a house as-is in Illinois, your options for getting an offer, and what to expect from the process.

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from HomeLight Blog https://www.homelight.com/blog/selling-a-house-as-is-in-illinois/