How Much Do You Loose by Selling a House AS-IS in Maryland?

When you decide to sell a house in Maryland “as-is,” without making any repairs or upgrades, you need to be prepared for a lower sale price compared to similar homes in better condition. This means you may lose money on the sale and potentially sit on the market for a longer period.

The amount you might lose when selling a house “as-is” in Maryland can vary widely and depends on several factors. Prospective buyers are often willing to pay more for a home that is move-in ready, compared to one that needs major repairs. By not addressing these issues, you could lose out on potential buyers who are looking for a home in top condition.

You’ll need to weigh your potential losses against the time and cost required to complete home repairs when you sell your home in Maryland to determine selling AS-IS is worth the cost to you.

So, let’s dive into how much money you stand to lose by selling your home in Maryland AS-IS.

Money lost selling as-is
  • Save

Disclaimer: This blog post and website provides general information on Maryland real estate. Maryland Estates, LLC, doing business as Creo Home Buyers, and its authors are not liable for the accuracy or use of this information; consult with a trusted real estate professional or attorney for guidance regarding your unique selling situation.

How Much Less Your House Will Sell for Without Repairs

Below are rough estimates for how much less your house might sell for in Maryland in its current condition when compared to fixing it up and listing it with an agent.

  • 5-20% discount for minor issues in a solid seller’s market.
  • 15-30% discount for significant repairs in a seller’s market.
  • Up to 50% discount for major issues in a buyer’s market.

Factors Impacting How Much Your House Will Sell for AS-IS

Unfortunately, there’s no single answer to how much you’d lose selling a house “as-is” because it depends on a variety of factors:

Current Condition of Your House

The current condition of your Maryland house plays a crucial role in determining how much it will sell for in an as-is state. A home that needs major repairs or renovations will likely fetch a lower price compared to a move-in ready property.

Minor cosmetic issues might only shave off a few percentage points of maybe 5-10% below market value. Whereas major structural problems could lead to significant losses of 50% or more compared to a similar house that is move-in ready.

How Hot the Market Is

Maryland housing market fluctuations can greatly impact the selling price of a home sold as-is.

In a competitive buyer’s market where buyers are looking for properties in top condition, you may stand to lose more if your home needs significant repairs.

In a seller’s market, you won’t loose as much money selling a house with minor cosmetic issues or one that isn’t updated. So check with an agent or look at how long houses are sitting before selling. Lower number of days on market with sale prices at or above asking suggest a seller’s market, essential for those looking to sell their home rapidly.

If you find yourself needing to sell a house in it’s current condition in a buyer’s market, consider selling to reputable quick cash buyers in Maryland.

Type of AS-IS Buyer

The type of buyer interested in purchasing your as-is home can also affect the final sale price. Some buyers may be looking for a fixer-upper at a bargain price, while others may not want to deal with the hassle of repairs, affecting the decision to sell a home as-is.

Traditional home buyers purchasing your home with financing will need the home to satisfies requirements set by the lender and Federal Housing Authority. This means making sure the house meets current safety standards and is habitable. 

Maryland cash house-buying companies and real estate investors generally prefer to purchase houses AS-IS. Cash buyers often factor in repair costs and offer lower prices, but it can be a faster way to sell with no closing costs.

Location of Your AS-IS Home

The location of your home within Maryland can also influence how much you could lose by selling it as-is.

Desirable neighborhoods may attract more potential buyers willing to pay a premium, even for homes that need work, highlighting the balance between location and the necessity to make repairs. In high-demand areas, most buyers are willing to overlook some issues in exchange for a small discount.

While in slower markets, expect buyers to be pickier and expect more significant discounts from the after repair value of your home. 

How You’re Planning to Sell “As-Is”

Whether you plan to sell your home through a realtor, online platform, or directly to a cash buyer can impact the selling price. Different selling methods may attract varying types of buyers, leading to different offers.

For instance, selling through a realtor with professional staging and marketing can attract higher offers than a simple “for sale by owner” listing. Additionally, quick cash buyers will expect an even greater discount in exchange for a speedy closing, impacting the seller’s mortgage and equity considerations.

How to Estimate Your Potential Loss Selling As-Is

Remember, these are just estimates. To get a more accurate picture, consider:

Real Estate Agent

Consulting a real estate agent can help you estimate how much you could lose by selling your house as-is. They can provide insights into the current market conditions and the potential sale price based on the condition of your home.

Get a Professional Appraisal

Getting a professional appraisal of your home can give you an accurate estimate of its value in an as-is condition. An appraiser can also give Maryland sellers a rough idea of how much your house might be worth depending on various upgrades and renovations you might be considering. This can help you set a realistic selling price and avoid significant losses.

Online Calculators

When trying to sell a house for top dollar, consider an online housing valuation calculator. Theses calculators can help you estimate the potential selling price of your home in its current state. While these tools can give you a rough idea, it’s recommended to seek professional advice for a more precise valuation.

Get an AS-IS Cash Home Offer from Creo Home Buyers

If you are looking to sell your house in Maryland as-is and avoid the hassle of repairs, consider getting a cash offer from Creo Home Buyers. We specialize in buying properties in any condition, providing homeowners with a quick and convenient selling option.

By selling your home to a cash buyer like Creo Home Buyers, you can bypass the traditional selling process and receive a fair offer based on the current condition of your property. This can help you avoid potential losses and sell your home quickly without the need for repairs, updates, and lengthy showings.

Simply request a free consultation through our online submission offer form or contact us at 410-870-9228. We look forward to discussing how much you can get for your home as-is without repairs and improvements in Maryland.

Leave a Comment

Your email address will not be published. Required fields are marked *

Copy link