{"id":1576,"date":"2020-10-15T17:16:14","date_gmt":"2020-10-15T17:16:14","guid":{"rendered":"https:\/\/www.webuyproperty.co.nz\/?p=1576"},"modified":"2026-09-22T11:11:42","modified_gmt":"2026-09-22T11:11:42","slug":"sell-earthquake-damaged-property-as-is","status":"publish","type":"post","link":"https:\/\/dailybasisnews.com\/designs\/we-buy\/sell-earthquake-damaged-property-as-is\/","title":{"rendered":"How to Quickly Sell Earthquake Damaged Property \u2018As Is\u2019"},"content":{"rendered":"

If your property has been damaged by earthquake in Christchurch\u00a0or, if you would rather offload the property and move\u00a0on\u00a0than get into re-construction and renovation; or for any other reason, it makes more sense to\u00a0<\/b><\/strong>sell\u00a0the property\u00a0‘as\u00a0Is’. Numerous real-time scenarios make selling a house \u2018as is\u2019 profitable for the owner. There are pros and cons to consider when you are trying to sell earthquake damaged property fast,<\/b><\/strong>\u00a0however, just like any other property deal, there are ways to circumnavigate them.<\/p>\n

What is the meaning of selling a house \u2018as is\u2019?<\/strong><\/p>\n

In plain terms, selling a property \u2018as is\u2019 means to sell a property in its present condition, without any assurances for renovations. The phrase \u2018as is\u2019 has gained legal appropriation in many states, when it comes to the purchase and selling of such property. The agreement iterates in explicit terminology that the seller is purchasing the property in full awareness of its present condition. So, just because you can contractually\u00a0sell earthquake damaged property fast<\/b><\/strong>, does not mean you can hide flaws. Sellers are legally obligated to disclose flaws, to the fullest of their knowledge. Should the flaws prove to be more severe than disclosed upon inspection, the buyer has the option to back out of such a deal.<\/p>\n

Why should we consider selling a house \u2018as is\u2019\u00a0in Christchurch?<\/strong><\/p>\n

Property ownership comes with the cost of repairs and renovations. However, affording these expenditures may at times be a no-brainer, for instance, if there is too much work and time input involved, or if the cost of necessary repairs is too much to bear. A lot of property owners also sell their homes \u2018as is\u2019 to avoid foreclosure. The lower price compensates for the cost of repairs or whatever kind of flaws the buyer must deal with when the ownership transfers to them.<\/p>\n

Potential disadvantages of\u00a0selling a home \u2018as is\u2019?<\/strong><\/p>\n

The first step to successfully selling structurally outdated property or property with natural damages is to accept that one has to settle for a less than profitable price. One of the few disadvantages of selling property \u2018as is\u2019 is finding agreeable buyers; the average buyer immediately thinks there is something greatly amiss with a property being sold ‘as is’. If the reason for the \u2018as is\u2019 price is visibly obvious, they catch on to any urgency and desperation the seller may exhibit and try to low ball the already-lowered asking price significantly. This may also be a reasonable cause to make minor repairs so that in the big picture, the property attracts potential buyers.<\/p>\n

The best way to sell earthquake damaged property fast\u00a0in Christchurch<\/strong><\/p>\n

Damaged property sells best when you can attract buyers who are fixer-uppers. It is a niche demographic in the overall market. But, most fixer-uppers are usually on the lookout for a property they can acquire at a low market price and then repair and resale, so they are not that rare to find. On the other hand, if you selling to the general crowd, then it is prudent to avoid mentioning the \u2018as is\u2019 bit in the initial listing, as the price is suggestive enough. However, you must disclose the conditions of the house after the initial listing, to set buyer expectations and not default home inspections.<\/p>\n