If your home is not in the best shape and you are planning on selling, you may be wondering if you should list your home as-is.

As-is properties may have severe damage, may be older and require updates, or there may be a health hazard, like mould or a pest infestation.

Listing as-is makes sense when you don’t have the time or money for repairs, or you live in a neighbourhood where homes sell quickly regardless of their condition. Listing as-is ultimately protects you from liability claims and avoids repair related contingency offers. Note that some jurisdictions require you to file disclosures of any known defects.

While you can save money upfront and still potentially get a great price for an as-is listing, you do risk not getting the full market value for your home. Also, as-is listings give the buyer more negotiating power, and you may risk it sitting on the market for an extended period.

If your home is just old, but otherwise in good condition, you can still get a good price by investing some time and some money into minor cosmetic updates and staging.

If you do decide to sell as-is, be ready for lowball offers and determine the lowest, realistic price you will accept before you list.