As of July 2022, median home prices in Georgia are up by 14.4% (YoY basis). One of the ways to leverage this growth is by selling your house as is in Georgia.
In this blog, we have covered everything you need to know about selling your house in Georgia as is.
What Does “As Is” Mean in Real Estate?
“As is” in real estate transactions means the buyer gets the property in the existing condition. This entails the buyer being ready to accept a house that needs a work-worn carpet, a leaky roof, faded paint, and more.
In Georgia, “as is” entails a legal term, a complete agreement of disclosing information about the property’s current condition. Sometimes it is also referred to as “as is where is” in a real estate contract.
In such cases, the homeowner should honestly disclose defects present in the house – also known as “Caveat Emptor”, or “let the buyer beware.” Also, to avoid abusive business practices, real estate agents are secrecy to honestly speak of the defects. Or they could be punishable under the Consumer Protection Act.
Can I Sell My House As Is in Georgia?
Yes, you can sell your house as-is in Georgia.
The Georgia Residential Purchase and Sale Agreement by default is an “as-is” agreement. This means unless decided otherwise, the buyer accepts the property in its existing condition.
Georgia Real Estate Market Trends
Before we talk about selling a home as-is in Georgia, let us take a look at some important pointers of GA real estate:
|Number of home sales||70,380|
|Median home price||$368,700|
|Average number of days on the market||18|
|The average commission for real estate agents in Georgia||5%-6%|
|% of sellers who opted for real estate agents||90%|
 From Feb 2021 to March 2022
 In July 2022
 According to NAR Highlights From the Profile of Home Buyers and Sellers
Should I Sell My House As Is in Georgia?
Yes, you should sell your home in Georgia “as is”. Mortgage rates are rising and this will lead to a decline in home values in the future. In such a market, spending on home repairs would reduce your net further. Thus, it is best to sell your home in Georgia as is.
Key Benefits of Selling a Home As Is in Georgia:
|Save Money||Most sellers opt to sell as is in Georgia or any other state aiming to save a few thousand dollars. For instance, it costs $7,000 – $15,000 to remodel a bathroom in Atlanta, GA. Such costs can be avoided by selling your home in its existing condition.|
|Quick Sale||Conventional sales can be time-consuming. For instance, it takes about 10-12 weeks on average to remodel a kitchen. This means, your listing, marketing, and showing process get delayed by those many weeks. You can skip such renovations by selling as-is. Plus, home sellers skip staging homes.|
|Inspection Bargains||While putting an “as is” property for sale, you can inform buyers beforehand of the amount you are willing to spend on the repairs. It will help in dealing with post-home inspection negotiations. |
» Georgia State Inspection: How home inspections work in Georgia
|Avoid Stress and Hassles of the Process||You can opt for cash companies when selling your house as is. They can help you avoid a lot of legal paperwork. Also, you don’t have to transact with top real estate brokers in Georgia or negotiate on some other fees.|
Key Drawbacks of Selling Your Home As Is in Georgia:
|Negative Assumptions About the Property||Selling as is may generate a negative image of the property in buyers’ minds. They assume your property has some glaring defects, which may not always be the truth. It, in turn, affects the price it attracts.|
|Most Potential Buyers Offer Less||Since buyers assume you’re desperate and think your property has serious defects they may offer a lower price.|
|Repairs Cannot Be Skipped Completely||Just because you opt to sell a property as-is, you are not necessarily free from making repairs. Buyers will try to negotiate the costs involved in repairs. It will be for you to decide how to go about it. If a buyer offers a good price in return for some minor repairs, you may consider the offer.|
Georgia Real Estate Contracts
The Real Estate Purchase and Sale Agreement is issued by Georgia Realtors. The agreement is by default an “As-Is” agreement. This means, that unless the buyer and seller agree to additional repairs or upgrades, the buyer accepts the property in its existing condition. The provision of the buyer accepting the property “As Is” is mentioned in Paragraph 8 of the contract.
Just because you are selling your property as is, buyers are not precluded from inspecting the property, negotiating repairs or treatments in future amendments, or from terminating the contract during the option period.
What if Contracts do not Contain Provisions for an “As Is” Sale?
Even though some contracts do not contain the provision of buyers “accepting the house as-is”, a seller can negotiate to waive any inspections, appraisal, and survey requirements.
In addition, you can ask for a significant deposit (Earnest money and Option Fee). So, if the buyer does back out, they have a significant amount at stake.
Things to Consider When Selling As Is in Georgia
Georgia home sellers need to keep a few things in mind when selling their house as-is or otherwise in Georgia. This includes the following:
|#||Things to Consider||Description|
|1.||Best Time to Sell||The home-buying season in Georgia starts in late spring and runs throughout the summer. It peaks between June and July. These are the best months to sell your home privately in Georgia. You get up to $14,000 more than the average sale price by selling your home in June.|
» Best Time of Year to Sell a House in Georgia: Read to know the best time to sell a house
|2.||Pricing Your House Competitively||Pricing your house right is half the battle won! Competitive prices will help you attract more interested buyers with whom negotiating the final price won’t be very difficult.|
You can also opt for Comparative Marketing Analysis (CMA) usually offered by real estate agents in Georgia. Create your own CMA with Zillow or Redfin when putting homes for sale by owner in Georgia.
» How to Sell Your Own Home in Georgia: Here’s how to do it
|3.||Knowing Seller Disclosure Obligations (More)||While selling a home in Georgia, you are expected to furnish the Seller’s Property Disclosure Statement. It is a standard form in the form of a checklist wherein you have to disclose various facts about your Georgia property. It mainly includes property condition, year of construction, structural defects, things related to flooding, etc. |
» Seller’s Property Disclosure Statement Georgia: A Guide To Ace Your Disclosure Process
|4.||Creating Property Description||Creating an appealing property description is very important. It can help in luring buyers toward your Georgia home. You can include things like renovations, historical significance, any special features like the name of the renowned architect, etc. Your property description should reflect how your house stands apart from other Georgia houses.|
|5.||Prepping Your House for Sale||A few steps taken to ready your home can go a long way in impressing potential buyers. It includes minor repairs like fixing your roof, decluttering & depersonalizing your house, repairing your HVAC systems to beat the Georgia heat, etc.|
How do I Sell My House As Is in Georgia?
To sell your house as-is in Georgia, you pretty much follow the same steps that you follow for a standard home sale. But selling a house as is requires a little different approach in marketing.
Market a Fixer-Upper
Marketing an as-is home as a fixer-upper can help you attract more potential buyers.
Here are a few fixer-upper marketing techniques you can use:
- 💡 FACT: In real estate, fixer-uppers are properties that require repair and are therefore sold as-is. The lower purchase price, lesser competition, and quality control are a few of the reasons behind their popularity.
Identify and Fix “Deal Killers”
Even when putting your Georgia home as is for sale, you must try to fix certain things. This includes serious problems that the buyers may not overlook and can kill the deal.
Some of the very glaring defects you need to fix are:
|Damaged Foundation||A weak house foundation can be a very big red flag for buyers as it poses a direct threat to the residents. Foundation repairing costs around $3,000-$7,000 in Georgia. For example, in Atlanta, Georgia, it ranges between $2,000-$6,100.|
|Termite Infestation||Termite infestation is a very common problem in the USA and it can easily turn buyers away. Thus, it is important to carry out a termite treatment for your house. It costs about $558 on average.|
|Ancient Roof||If your roof has some minor problems like leakage, get it repaired. Since, flooding is common in Georgia, skipping roof repair is not an option.|
House roof repair costs range from $300-$1,500 depending on the roofing material, level of damage, etc.
Fill Out Seller Disclosures
Georgia is among the “Caveat Emptor” aka “buyer beware” states. This means it is not mandatory for home sellers to fill out the property disclosures. It’s the buyer’s responsibility to perform the necessary due diligence before closing on the property.
Selling your house as-is in Georgia doesn’t exempt you from disclosing the property condition. Georgia courts require home sellers to inform buyers about known material defects. Thus, despite the “Caveat Emptor” rule, you have to honestly disclose your property’s condition. It is best to furnish Georgia seller disclosure along with other mandatory federal disclosures.
A brief about the disclosure forms that you need to fill out in Georgia is given below:
|1.||Seller’s Disclosure Notice||Georgia sellers disclosure form is a kind of standard checklist form containing material defects and features of the property. It provides information about the property that may negatively affect the home value. |
Filling out the disclosure form honestly is of utmost importance. Else you might have to face legal consequences.
|2.||Lead Paint Disclosure||Specifically for homes built before 1978. Federal law requires sellers to disclose any dangers related to lead-based paint.|
|3.||Flood Zone Statement||A buyer’s lender may require the concerned property’s flood hazard disclosures report before providing the loan. This could be important in mortgages backed by the federal government.|
🎯 Houzeo Makes It Easy For You To Meet Your Disclosure Requirements
Houzeo offers the best possible alternatives for you to deal with disclosures.
💲 List your property with Houzeo’s Freemium Plan
💲 Purchase the “Contract to Close Upgrade Package”. A Licensed broker will review your paperwork to make sure it is appropriate.
In addition, you should also have the settlement agent review the paperwork so you cover all bases.
» More: Start your FREE listing NOW!
Here are the best practices you should note when selling a home as-is in Georgia:
|1.||Disclose all the details||Disclose all the details to the buyers as it will help them make an informed decision and will also reflect your honesty as a seller. Remember, you’re offering your house to the buyers in its existing condition, and that means you have to make an assurance that it is still structurally livable and sound.|
|2.||Label your listing as “As Is”||Mentioning “As Is” in your listing will help buyers understand that you are selling your home in the existing condition and it is different from the regular sale.|
|3.||Pre-listing Inspection||Conducting a pre-listing home inspection when selling as is will ensure that the overall process is transparent. This will also help in building trust with the buyers.|
|4.||Make minor improvements||You can carry out the high return on investment repairs which can enhance the look of the property. This includes installing fresh mulch on the lawn, deep cleaning and decluttering, adding a fresh layer of paint, etc.|
|5.||Keep your intentions clear||It’s necessary to be clear in your marketing intentions. Buyers may back out after they figure out there are too many repairs to handle. It will not just waste time but put a bad reputation on your future negotiation.|
|6.||Demand a fair price||Never ask for above the estimated price. Some buyers will ask their contractors for estimates or do their home inspection just to make sure you’re not playing coy. If you want to double your property’s worth, make time to prepare your home—or spend bucks for improvements.|
Options for Selling a House As Is in Georgia
Best Option: List Your House “As Is” on the MLS via Houzeo.com
Houzeo is a tech company that deals in American real estate and aims to improve the home selling experience. More than $3.5 billion worth of properties were listed on Houzeo.com in 2021.
By choosing Houzeo, you can attract offers as high as 100% of the home value. Houzeo’s cutting-edge technology ensures your house is listed on the MLS and gets maximum exposure.
» Houzeo Review: Is Houzeo Worth Your Money?
Best Option To List Your Home As-Is in Georgia
Houzeo is the best option if you’re looking to sell your house quickly in as-is condition. An MLS listing via Houzeo.com markets your home to regular as well as cash buyers. Several cash home buyers like Opendoor and Homevesters have recently submitted cash offers on Houzeo.
- Listing Fee – $349: Houzeo does not charge a 5% service fee or any undisclosed closing fee.
- Maximum Cash Offer: Your property gets max exposure via the MLS. This includes major portals like Zillow, Realtor.com, and Redfin. All local and national cash buyers, including iBuyers, will be aware of your listing and compete for it.
- Types of Properties: On Houzeo.com, you can market properties in any condition.
- Flexible Closing Date & Offer Terms: You can specify and negotiate the cash terms you want for your closing.
- Nationwide Coverage: Houzeo is available in 46 states across the U.S., so you can market to local cash buyers almost anywhere.
👉 Our Take: For as-is sellers looking to maximize cash offers for houses, we recommend Houzeo’s Gold plan. It will get you maximum exposure to cash buyers via the MLS. You will also have Houzeo’s advanced features to negotiate the best terms for your cash offer.
» Houzeo Reviews: Learn why Houzeo is America’s Real Estate Super App
- Near Nationwide Coverage: Houzeo covers 47 states + DC
- No Listing Agent Commission: With Houzeo, you only pay a small flat fee to get access to the MLS and all the Houzeo tech
- 100% online: Easy listing, fast changes, online showings, and online offers
- Max Exposure: Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other real estate sites
- Fast Listing: Rush listing option gets you listed within a business day with Houzeo Concierge
- Real Estate On the Go: Houzeo Mobile App mimics most functionality of the Houzeo web platform, including Offers and Showings
- 5-Star Customer Service: Superb support that minimizes Houzeo complaints
- No Hidden Fees: There are no Houzeo hidden fees
» Is Houzeo Legit: Learn more about Houzeo.com’s locations and services
» Houzeo Reviews: Houzeo has a stellar rating of 4.9 out of 5 stars, with reviews on popular sites like Google & Trustpilot.
» Houzeo Reviews: What Other review sites have to say about Houzeo
Houzeo is available nationwide with coverage in 200+ markets.
Sell Your Home to Companies that Buy Houses for Cash
If your property is in extremely worn-out condition and you are looking to sell your house fast for cash, then a cash company can be a good option. They are real estate companies that make quick offers and help sell your house fast for cash.
But there is one major drawback. You’ll only get 50%-70% of your home’s fair market value, which would be a lowball offer. A home worth $150,000 on the open market can be scored at $70,000 by an investor with quick cash. An offer that is nearly 50% lesser than what the property is worth.
» Cash Buyers in Georgia: Check Out our Rankings for the Top Georgia Cash Home Buyers
- ✍️ Pro Tip: Consider selling your Georgia home as-is to an iBuyer
If your house is not in worn-out condition, you can opt for iBuyers. iBuyers are companies that will buy your home for cash outright. An iBuyer can offer and close the deal within 24 hours.
» iBuyers Reviews: Selling Your House for Cash in 2022
Sell Your House As Is Through an Agent
The traditional option for selling your houses as-is through real estate agents is always available. It will help you understand what all price options are available to you. A real estate agent would also guide you throughout the process and assist during closings.
The average real estate commission in Georgia is around 5.5%-6%. This means if you sell your house for $600,000, you would have to shell out around $30,000 as the Realtor commission fee.
To save this amount, you can list it with Georgia multiple listing service companies such as Houzeo. Such Flat Fee MLS Listing platforms make the job easier for home sellers who are otherwise looking to sell FSBO in Georgia.
Selling a House As Is in Georgia Near Me
|Atlanta||Selling a House As Is in Atlanta|
|Augusta||Selling a House As Is in Augusta|
|Valdosta||Selling a House As Is in Valdosta|
|Lawrenceville||Selling a House As Is in Lawrenceville|
|Warner Robins||Selling a House As Is in Warner Robins|
Selling a shabby, worn house in Georgia or any other state can be challenging. However, doing minor repairs and highlighting the best features of your property can help compete for these drawbacks.
If you don’t have the patience to handle renovations, you can ask for advice from your real estate agent to make a list of what necessarily needs repairs. As a result, it’s easier for you to weigh the benefits against the low asking price. And the buyers will have the convenience to reflect on the need for work they need to commit.
But to avail of the agent’s services, you have to shell out a hefty real estate commission. This is where Houzeo can help!
Houzeo can help skip some of the manual processes involved. With Houzeo, you can list your property as an owner and facilitate a hassle-free closing process with the help of an attorney.
You do not have to worry about complex processes as the platform is 100% online. It will also help in listing your property on the MLS at a flat fee rate, taking care of tasks that otherwise would require manual intervention.
Check out the following video to understand how Houzeo works and why it is one of the best free websites to list for sale by owner in the U.S.
What is Houzeo?
An overview of what the platform is all about
Frequently Asked Questions (FAQs)
Can I sell my house as is in Georgia?
Yes, you can sell your house as-is in Georgia. The Georgia Residential Purchase and Sale Agreement by default is an “as-is” agreement. This means unless decided otherwise, the buyer accepts the property in the existing condition.
Do you lose money selling a house as is?
Just because you are selling a house in its existing condition doesn't mean you would have to sell it for a loss. The proper market analysis combined with providing accurate seller disclosures can help you fetch the best possible price for your house.
- Top Real Estate Companies in Georgia: Discover the top real estate companies in Georgia.
- Low Commission Realtors: Check out low-cost real estate brokers in America.
- Best Real Estate Websites Georgia: Check out the top-rated real estate websites.
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