Sell an Old, Outdated House Fast, for Cash, AS IS

Several paths are available to you if you need to sell your old house. Here are the main two.

The Fast Sale:

1. A quick message to our team brings us right to your doorstep to check things out.
2. A cash offer is the next thing you’ll receive from us.
3. Opening escrow happens the moment you decide to accept our offer.
4. At closing, we pay you cash, and you walk away from the property, relieved.

Additionally, covering the closing costs is something we take care of for you. And anything you don't want to keep can stay behind in the house for us to deal with.

In short, using our service means fast cash for old homes. Now, here is the other way of selling an older home.

The Slow Sale:

1. Finding a real estate agent with a solid track record for selling older properties should be your first step. You might need to do some digging because many agents avoid very old houses with damage, mainly because the legal requirement to disclose those issues makes the listing much harder to move.
2. Filling out the property disclosure and signing the listing contract comes next.
3. The next stage involves getting the word out and promoting your home to the public. Open houses are often a big part of this stage.
4. The next stage involves waiting for someone with the right financial backing to step forward and buy your home.
5. The escrow process begins once everyone signs the sales contract.
6. Professional inspectors and the buyer’s appraiser will need access to your home during this time.
7. Everything hinges on the lender giving the official green light to the buyer's loan application. Lenders frequently turn down loan applications for older properties when they see dated plumbing and wiring.
8. A new search for a different lender begins if the first one decides to back out of the deal.
9. Hoping the official appraisal amount actually meets your agreed-upon sale price is always a nerve-wracking moment. Discrepancies between the price and the appraisal happen quite a bit with older home sales. Expecting a second appraisal or a new round of price negotiations is common when the numbers don't match up.
10. Securing a hazard insurance policy is another hurdle your buyer has to clear. Old electrical systems and outdated pipes usually make insurance companies stay away from covering older homes.
11. Paying the agent, transfer fees, and other closing costs happens once you finally close escrow.

Now you can decide which way will work for you better to sell an old house quickly.

Generally, you must disclose any material damage when you sell an older house.

Every homeowner needs to fill out a seller’s property disclosure and hand it over to interested buyers or their agents.

Skipping over known damage during the sale of an old home puts you at risk of legal consequences from the buyers.

Finding hidden issues could cause your buyers to cancel the sale, or they might even sue you after closing once they find the trouble.

Note that selling a house as-is does not free you from disclosing known issues.

Finding a buyer to sell an outdated home often turns into a real challenge. Even well-kept older houses usually come with a list of issues that most buyers simply want to avoid.

Lenders and insurance companies often hesitate to step in once you finally find someone interested in your old home.

Old wiring, plumbing, and roofs usually make banks and insurance providers walk away from the deal.

Newer houses are just safer bets for these companies, even if an older home's systems are in decent condition.

Finding a bank willing to fund the purchase is tough for buyers unless every utility and system in the house is brand new.

Damage or put-off repairs make it nearly impossible for buyers to secure the insurance or financing they need.

However, if you are selling it to a company that buys old houses, like ours, it’s not going to be hard.

We won’t be deterred by any troubles with the property - we literally look for old homes to renovate and resell or rent out.

We buy old houses for cash instead of using mortgages, which eliminates the problem of the deal falling through because of a rejected loan application.

To sum up, selling an old house is easy if you do it the easy way, and it will likely be hard if you use the traditional home selling approach.