The South Florida real estate market has been on a roll for the past few years with no signs of slowing down. The buyer demand is high, and the inventory is low, giving sellers the advantage. Keeping this in mind, you may wonder if there is room for an as-is house for sale in South Florida. There is no better time to test the as-is contingency than now.
Homes in their current condition with no touchups or repairs are as-is homes. The seller must tell buyers and agents about the home’s issues upfront by law. Sometimes, select rooms or items are as-is instead of the home. That allows buyers to ask for repairs on other parts of the house. However, the buyer has the right to know what is wrong with the room or item before a sale by law.
Sellers find the as-is label appealing because the home selling process is faster. It takes about two weeks between a deal and closing. A mortgage takes about three months minimum. Avoiding repairs is another reason. Sellers don’t have the money to make several significant repairs at once. In addition, the as-is option avoids foreclosure, resolves inheritance disputes, and provides extra cash to pay bills for sudden emergencies.
An as-is house for sale in South Florida is not an instant dealbreaker to every buyer. There are as-is homes in good condition, and the agent wants to ensure your home is good before it hits the market. You and your agent will disclose the home’s issues to potential buyers and aim for a sale afterward. For more information on as-is homes for sale, contact Homes by The Roni Sterin Group at agentroni.realtor.
