16 min read May 24, 2022

Selling A House AS IS In North Carolina: Here’s How To Do It

✍️ Editor’s Note: U.S. real estate market is hotter than ever. Even the houses sold as-is are attracting offers same as the regular sales. Here’s Houzeo’s guide to selling your home as-is in North Carolina.

» SAVEAmericans have listed $3.5 billion worth of properties on Houzeo.com in 2021. Start your FREE listing NOW!

Few home sellers have outgrown their house or it has become too much for them to handle the repairs. Sometimes it’s best to sell your house exactly as it is.

While it may be enticing to sell a house in North Carolina in its current state, there are major limitations that should be considered. This guide contains detailed information for home sellers who wish to sell their homes as-is.

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What Does “As Is” Mean in Real Estate?

Sellers list their homes for sale as-is when they do not want to make any expensive repairs. In some states, “as is” is a legal term that denotes a complete agreement to disclose information about the property’s current condition. In a real estate contract, it is sometimes also referred to as “as is where is.”

Real estate brokers are held to a higher standard when it comes to disclosing a home’s flaws. Home sellers should be aware of these disclosures and should consult with their real estate agents about all the paperwork that goes behind selling an “as-is” property.

In order to avoid fraudulent business practices, realtors must maintain confidentiality to speak honestly and openly about the shortcomings of their property. For this, they could be prosecuted under Chapter 93 of the Consumer Protection Act.

Can you Sell a House As Is in North Carolina?

Yes, you can sell your house as-is in North Carolina. While filling out the Residential Property and Owners’ Association Disclosure Statement, which is regarded as a standard agreement that is reliable, comprehensive, and legally binding.

The purpose of the Residential Property and Owners’ Association Disclosure Statement is to accurately describe the property’s condition, including information about the walls, flooring, windows, doors, ceilings, foundation, roadways, sidewalks, fences, plumbing systems, and other structural components.

The disclosure statement must allow the owner to indicate whether the owner has actual knowledge of the specified conditions, or whether the owner is making no representations about any condition.

Before we talk about selling a home as-is in North Carolina, let us take a look at some important pointers from NC real estate perspective:

Median Sales Price$328,168 (+19.6% year over year)[1]
Median Home Value:$302,153[2]
Average home value$302,153[3]
Active listings in North Carolina15,019[4]
FSBO Home Sales 7%[5]

Benefits and Risks of Selling a House As Is in North Carolina

Key Benefits of Selling a Home As-Is in North Carolina:

Save Huge FortuneHome sellers need to spend less time on home repairs while saving money. On average, it costs $38,351 for a full home renovation in Charlotte, North Carolina. With the “as is” option, this goal can be met.
Property Is Sold QuicklyRepairs can take a long time before your home can be sold. These steps are entirely optional. Additionally, there is no need to stage the home for showings.
Reduce Inspection BargainsYou can be honest with the buyers about how much money you want to spend on repairs. This will help you and the buyer communicate effectively.
Avoid stress and hassles of the processYou can sell your house as-is to cash companies. This could save you a significant amount of legal paperwork. You won’t have to deal with a real estate agent or haggle over any additional costs.

Key Drawbacks of Selling Your Home As-Is in North Carolina:

Negative assumptions about the propertyBuyers might create a negative image of the house when they get to know about the “as-is” property. They will assume your property has major flaws and will demand a large sum of money to correct those flaws. This, in turn, influences the price.
Most potential buyers offer lessBuyers will almost always offer less than your property is worth because they believe you are desperate and your property has significant defects.
Difficult to find buyersIf you sell your property as-is, you will primarily attract flippers and buyers willing to do some renovations — a fixer-upper opportunity. Finding such buyers can be difficult due to the limited number.
Repairs cannot be avoided completelyThough selling your house as is, you are not exempt from making repairs merely because you prefer to sell a home as-is. Buyers will try to negotiate over repair work. It is utterly up to you to decide how to proceed. Try considering a buyer who offers a fair price in exchange for minor repairs.

North Carolina Real Estate Contracts

Home sellers who wish to sell “as is” are required to fill a North Carolina residential real estate purchase and sale agreement to accurately describe the condition of the property. Homebuyers and sellers in North Carolina use this document to agree on the purchase and sale of a residential property.

North Carolina residential real estate purchase and sale agreementThe North Carolina purchase agreement specifies a physical document for recording all relevant details regarding the essential components of a real estate transaction.

As an initial offer, the form is typically completed and extended from one party to another. The following versions are negotiated and submitted until an offer is accepted and executed. The contract terms are outlined, along with buyer/seller information, and specifics about the purchase are included.
Residential Property and Owners’ Association Disclosure StatementSellers must provide a standardized statement to potential buyers that detail the property’s material condition, including water supply, sewage disposal, heating, and plumbing.

Disclosure of whether or not the property to be conveyed is subject to regulation by one or more owners’ associations and governing documents that impose various mandatory covenants, conditions, and restrictions on the property are also required.

Sellers can describe the condition of their home in the Residential Property and Owners’ Association Disclosure Statement, stating that they want to sell their home “as is.” Furthermore, buyers can either accept the property as it is or they can demand certain repairs to be made at the seller’s expense. 

One thing should be noted by sellers. Just because you are selling your property, buyers are not precluded from inspecting the property, negotiating repairs or treatments in future amendments, or terminating the contract during the option period.

What if You as the Seller Want to Back Out of an “As Is” Offer?

Residential Property and Owners’ Association Disclosure Statement does not mention anything about sellers backing out of the “As Is” offer. Contracts only specify the circumstances under which money deposited in escrow will be refunded.

During the inspection period, a buyer can back out if they do not find the deal desirable. Before breaching a contract, always consult an attorney and a licensed real estate agent or broker.

What if Contracts do not Contain Provisions for an “As Is” Sale?

Even if some North Carolina real estate contracts, such as the Property and Owners’ Association Disclosure Statement, do not contain a direct as is provision a seller can negotiate with buyers to waive any inspections, appraisal, and survey requirements.

Moreover, you can request a deposit so that if the buyer backs out, they have a significant amount at stake.

Things To Consider Before Listing Your House

Home sellers need to keep a few things in mind when selling their house as-is or otherwise in North Carolina. This includes the following:

Best time to sellThe best time to sell your house comprises two components – getting your house sold quickly and fetching the best price. This time varies across cities/counties in North Carolina. For example, If you list your Charlotte home between May and August, your home will sell faster compared to other months.
Pricing your house competitivelyIf you price your home correctly, you will have won nearly half of the game! Fair pricing will help you attract more buyers, as well as the right buyers, with whom you can easily discuss the final price.

You can also opt for Comparative Marketing Analysis (CMA) usually offered by real estate agents in North Carolina. If you are selling your house by owner in North Carolina you can create your CMA with Zillow or Redfin.

» More: How to Price Your Home For Sale in 6 Steps
Knowing seller disclosure obligations (More)While selling a house in North Carolina, you are expected to furnish the Seller’s Disclosure Notice. It is a standard form in the form of a checklist wherein you have to disclose various facts about your North Carolina property.
Creating property description Creating an appealing property description is very important. It can help in luring buyers toward your North Carolina home. Home sellers can include details such as the property’s fascinating history, unique features such as the name of a well-known architect, and house renovations. Your property description should reflect how your house stands apart from other houses in North Carolina.

💡 Pro Tip: Summers in North Carolina are very hot. So do not forget to mention the cooling system installed in your home.
Prepping your house for saleA few steps taken to ready your home can go a long way in leaving a long-lasting impression on buyers. It can include things like making minor repairs like fixing your roof, decluttering & depersonalizing your house, repairing your HVAC systems to beat the North Carolina heat, etc.

How To Sell As-Is in North Carolina?

To sell your house as-is in North Carolina, you follow the same steps you follow for a standard home sale. The only major difference is you can skip the home staging part. But selling a house as-is requires a little approach in marketing.

Market a Fixer-Upper

A little more effort is required for the marketing strategy needed to sell a house. Marketing it correctly as a fixer-upper can help you attract more potential buyers. Here are some marketing strategies to consider:

Highlight the PositivesYou can discuss the property’s key qualities, such as its history or architecture. You can also acknowledge aspects that will improve future owners’ livability.
Appropriate PricingWhen pricing a property for sale as-is, be realistic. When deciding on a price, remember to consider both the pros and cons.
Maintain TransparencyBeing clear and honest about faults to the buyers will boost trust and credibility as a seller. You must also specify all the shortcomings in your Residential Property and Owners’ Association Disclosure Statement agreement when selling your home.
Select Right WordInclude eye-catching words in your home’s property description without misrepresenting it.
    💡 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 if you are selling your North Carolina home as-is, you should make an effort to repair specific issues. This includes obvious flaws that buyers may overlook and which can kill the deal. The following are some of the most obvious flaws you must address:

Damaged FoundationWhen something goes wrong with a house’s foundation, homeowners tremble and home buyers flee in terror. After all, it is the base of the house, and no buyer would want to buy a house with a damaged foundation.

In Charlotte County, the average cost of foundation repair ranges between $1,933 and $6,896.
Termite InfestationTermite infestation is a very common problem in the USA and it can easily turn buyers away even when buying a house as-is. Thus, it is important to conduct a termite treatment for your house. Termite treatment in the USA on average costs about $558.

📝 Note: Termite treatment costs in North Carolina are higher as termite infestations are more common here. This is due to the hot climate, and cold and wet winters.
Ancient RoofIf your roof has some minor problems like leakage, it is best to get it repaired. Also, flooding is common in North Carolina so it is best to get your roof repaired.

The average House roof repair cost in Charlotte is $391. It depends on the type of roofing material, level of damage, etc.

Fill Out Seller Disclosures

Even when selling your house as-is, you need to fill out seller disclosures in North Carolina. A brief about the disclosure forms that you need to fill out in North Carolina is given below:

Residential Property Disclosure StatementA disclosure document that states any known issues in the house including appliances and any other systems.
Lead Paint DisclosureSpecifically for homes that were built before 1978. Federal law requires the seller to disclose any dangers related to lead-based paint.
Mineral and Oil and Gas Rights DisclosureThe Mineral and Oil and Gas Rights Mandatory Disclosure Statement mandates that all sellers of new or existing residences in North Carolina declare whether the property’s mineral, oil, and gas rights are owned by someone other than the seller.

    🎯 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!

» More: Seller Disclosure Requirements North Carolina

Here are the best practices you should note when selling a home as-is in North Carolina:

#Best PracticesDescription
1.Disclose all the detailsDisclose 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 InspectionConducting 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 improvementsYou 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 clearIt’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 priceNever 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 North Carolina

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.

» Explore: Houzeo Reviews: Is Houzeo Worth Your Money?

Best Option To List Your Home As-Is in North Carolina

  • Listing Fee: $349
  • Available nationwide
  • 5stars 4.9/5 (3,196 reviews)

Houzeo, an online real estate tech company, provides an unbeatable combination of maximum savings, cutting-edge technology, and 5-star customer support.

💰 Save Thousands on Commission: Houzeo’s plans are typically a small flat fee. This will save you thousands. If your buyer is unrepresented, you save the buyer agent commission as well.

📣 Maximum Exposure: Listings get syndicated to the MLS, Zillow, Realtor.com, Redfin, Trulia, and hundreds of other websites. Houzeo also has nifty social media sharing tools. No other platform gives you this much exposure.

Fast Listing & Changes: Houzeo is 100% online. Listing is easy and changes are fast. So you can focus on what is most important – your sale.

⭐ 5-Star Customer Support: Home sellers across America have rated Houzeo 4.9 out of 5 stars on major review sites like Google and Trustpilot. There is comfort in the fact that when you call, there is a live person picking up the phone on the other line.

📱 Cutting-edge Technology: Houzeo is the most powerful real estate website. Its advanced features include:

  • IntelliList Listing Management System: Lets you manage your listing 100% online.
  • Houzeo Showings: Manage showing appointments online.
  • Houzeo Offers: All offers are summarized online. You can view and compare offers, or counter an offer. In a multiple-offer situation, you can also call for highest and best offers.
  • Buyer Search: Buyers can contact you directly on Houzeo.com instead of going through a real estate agent.
  • Houzeo Settlement Agent Platform: Guides you to your closing.

👉 Our Take: Houzeo.com is our top pick because it delivers an unbeatable combination of savings, tech features, and service of any flat fee MLS listing service website we’ve reviewed.

» Houzeo Reviews: Houzeo is 100% online. You can finish the listing formalities in less than 60 mins.

  • Nationwide coverage
  • Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other sites
  • Quick listing (within a day with concierge)
  • Savings on commissions
  • 100% online – easy listing, fast changes, online showings, and online offers
  • Mobile app availability

Houzeo has a 4.9 out of 5 rating on Google & Trustpilot.

Houzeo is available nationwide.

Sell Your Home to Companies that Buy Houses for Cash

If your property is in poor condition and you need to sell your house quickly for cash, a cash company may be a good option. They are real estate companies that make quick offers and assist you in selling your house quickly for cash.

However, there is one significant disadvantage. You’ll only receive 50% to 70% of your home’s fair market value, which is a low-ball offer. An investor with quick cash can score a home worth $250,000 on the open market for $116,000. An offer that is nearly 50% less than the property’s market value.

» More: 13 Best Companies that Buy Houses for Cash in 2022

    ✍️Pro Tip: Consider selling your North Carolina home as-is to an iBuyer

    If your house is not in extremely bad condition then 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.

    » Explore: 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. This will assist you in understanding all of your price options. A real estate agent can also help you navigate the process and assist you with closings.

» More: 10 Top North Carolina REALTORS in 2022

In North Carolina, the average real estate commission is around 5.5%-6% of the sale price, this means that if you choose to sell with the assistance of a REALTOR, you will have to pay this amount as their commission. To save this amount you can list it on Flat Fee MLS Listing companies such as Houzeo. Such Flat Fee MLS Listing platforms make the job easier for home sellers who are otherwise looking to sell FSBO.

Final Word

Selling a house in North Carolina “as-is” can be difficult. You should consider whether it is worth your time and money to fix the property. “Is this even worth it?” sellers should question themselves before taking on a job. It is normally preferred for homeowners to sell a house as-is if the entire house has not been upgraded and/or requires repairs.

If you lack the patience to handle the home renovation, you can work with your realtor to create a list of what needs to be repaired. As a result, comparing the advantages against the low asking price will be more straightforward. Buyers will also be able to examine the quantity of work that will be necessary.

However, to benefit from the agent’s advice, you have to shell out a heavy real estate commission. THIS IS WHERE HOUZEO CAN HELP!

Houzeo can assist in avoiding some of the conventional processes involved here. With Houzeo, you can list your property as an owner and facilitate a smooth closing with the assistance of an attorney. You don’t have to worry about complicated processes because the platform is entirely online. It will also assist you in listing your property on the MLS for a flat fee, taking care of tasks that would otherwise involve manual effort.

Check out some of the Houzeo reviews and how it has helped customers around the US.

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Frequently Asked Questions (FAQs)

Can you sell a house in North Carolina as is?

Yes, you can sell your house as-is in North Carolina. While filling out the North Carolina residential real estate purchase and sale agreement which is regarded as a standard agreement that is reliable, comprehensive, and legally binding. It is a detailed and simplified agreement that includes all of the relevant provisions typically agreed upon in North Carolina residential real estate agreements

Is North Carolina a full disclosure state?

No, North Carolina is not a full disclosure state.

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.

What does it mean when a house is listed as sold as is?

A house that is being listed as sold as-is means that the buyer would have to accept the house in its existing condition and no major repairs would be made by the seller unless agreed upon otherwise.

Should you sell your house as is?

You can choose to sell your house as-is if you want to close on your house quickly and do not wish to spend a lot of money on repairs.

Should I fix up my house or sell as is?

It completely depends on the situation. If you have some very significant repairs to be made, then you should sell your house as-is. Because this can save you thousands of dollars. But in this case, you should also be prepared to accept lowball offers.

How to sell a house as is for cash?

You can opt for companies that buy houses for cash or iBuyers to sell your house as-is for cash.

How much do you lose selling a house as is?

Most of the cash companies offer 20-50% lower than your home's market value. A significant amount to lose!

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