Selling a House ‘As Is’ in Rhode Island

Looking to sell a house “as is” in Rhode Island? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. It’s much more common than you might think!

“The most common request I get for as-is sales, are situations where a house is in significant disrepair. A seller [that] just doesn’t want to make repairs and wants to sell the house as-is,” says Connor Dowd, a top-performing Rhode Island agent with 26 years of experience.

“The other case is when someone has passed away, and the family is selling the property. In some cases, the family doesn’t want to deal with making repairs or fixing anything. Those are the two types of situations in which I typically see a request for an as-is sale,” Connor adds.

However, selling a house “as is” usually means accepting a lower offer, and it doesn’t always prevent buyers from trying to negotiate savings. Let’s take a closer look at how to sell a house in Rhode Island, your options for getting an offer, and what to expect from the process.

Fast facts about selling a house ‘as is’ in Rhode Island

What is ‘as is’ condition in real estate?

“As is” is a type of home sale in which it’s understood that no improvements will be made to the property. When selling a house “as is,” the seller chooses not to entertain buyers’ requests to complete repairs or provide credit for fixes.

An as-is sale may also indicate that the functionality and longevity of certain home components, such as a stove on its last legs or an older roof, are not guaranteed.

When selling a house “as is,” the general condition of the property should already be accounted for in the purchase price of the home to the best of the seller’s knowledge.

“The as-is request can actually come with some issues. Sometimes, when a seller requests an “as-is” sale, a buyer may interpret that the house needs work or that something is wrong with it. So, it could set off some red flags, and it can work against you from that standpoint,” Dowd says.

Which types of homes are sold ‘as is’?

Homes sold “as is” often need some work or might be cosmetically outdated. It’s not a label you’re likely to put on a listing in pristine, move-in-ready condition.

“As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential.

What problems do you have to disclose in Rhode Island?

Selling a house “as is” in Rhode Island doesn’t mean sweeping known problems about the house under the rug.

A good time to complete the Real Estate Sales Disclosure Form is before listing your home or requesting an offer so that you know it’s done. Some states have a “buyer beware” (caveat emptor) policy, though Rhode Island is not one such state.

According to the document, the seller must report any known changes to the Listing Licensee(s) before the sales agreement and closing.

The form will walk you through documenting what you know about structure (including roof, fireplaces, heating systems, plumbing, and electrical service), utilities (sewage and water systems), municipal information (taxes and zoning), and environmental factors (wetlands and flood plains).

“It’s always a good idea to disclose anything and everything you know as a seller. I always get questions from sellers – ‘Should I disclose this, should I disclose that?’ and while that seller disclosure document is really for the seller to fill out and not for me as the agent to fill out, I always advise them to put themselves in the shoes of a buyer,” says Dowd.

Dowd adds that the not disclosing water damage in basements is a consistent issue in Rhode Island.

“[That’s] probably the number one issue that we deal with in terms of non-disclosure. Water or moisture or sewage, typically in the basement that wasn’t disclosed,” he says.

Review your options to sell ‘as is’ in Rhode Island

List ‘as is’ with the help of a real estate agent

A great real estate agent will provide assistance throughout the process of listing and selling a home “as is.” An agent gives simple presentation tips to improve marketing, helps to set an appropriate price that reflects the home’s condition, and works to find a buyer willing and eager to buy your home in its current state.

Sell directly to a cash buyer

Someone needing to sell their home “as is” can also work directly with a property investor or house-buying company rather than list the property, where it may be difficult to get an offer from a limited buyer pool.

We Buy Houses operations buy “as is” at a discounted rate and generally seek out homes in need of significant repairs. These companies can help sellers cash out quickly, and many will cover a seller’s closing costs.

Steps to list ‘as is’ with the help of a real estate agent

Find an agent willing to list the home ‘as is’

Your choice of real estate agent always matters, but even more so when selling a property “as is.” It’s important to find the right match. You’re looking for an agent who doesn’t shy away from listings that need a little TLC and maybe has a strong network of investor connections.

Consider a pre-listing inspection

A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. It may sound like a counterintuitive step for an as-is sale, but getting the inspection results upfront can illuminate any issues that could impact the value of the home and inform an accurate pricing strategy. If a buyer requests further deductions to the price based on their own inspection, you can point to how the estimated cost of certain repairs was already baked into the list price.

“Anytime I meet with a seller client, I always look at things in terms of is there anything in a cost effective way that we could fix prior to going on the market,” Dowd says.

“Understanding that every seller is a little different, some properties need renovations and that’s not necessarily what I’m talking about, but there are times it’s a case by case situation that I can meet with the seller client and come up with a plan for a cost effective way to remedy any issues that could be potential turn off for buyers and try to be ahead of those with a client,” he adds.

Price to reflect ‘as is’ condition

The median sale price for homes in Rhode Island hit $470,000 in December 2024, a 10.1% increase over the year prior.

“I always do my best to set proper expectations with my seller clients and let them know that even though we’re requesting as is sale, a buyer still typically assuming, has the right to do an inspection, that there still may be a request from the seller for some monetary compensation or request to have them remedy any issues or certain issues prior to closing,” Dowd tells HomeLight.

You can start with a free estimate from HomeLight’s Home Value Estimator (HVE).

Our HVE combs public data, including tax records and assessments, and pulls recent sales records for other properties in your neighborhood. Using a short questionnaire, we also factor in specifics about your home, such as the property type and described condition. Input your address, and we’ll provide you with a preliminary home value estimate in under two minutes.

What is Your Rhode Island Home Worth?

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Do ever-so-light preparations

Even for as-is home listings in Rhode Island, most agents will recommend doing light touch ups to the property; cleaning the yard, removing clutter or junk from the home, things of that nature. While the home is being sold “as-is”, you still want to aim for presentable.

Photograph to show potential

Your home listing warrants professional photography regardless of its condition. A professional photographer will take steps to shoot each room from the best angle, ensure optimal interior and natural lighting, and edit for the ideal brightness and exposure.

A high-quality camera with a wide-angle lens is also essential to showcasing entire rooms rather than half or three-quarters of what’s there. For these reasons and more, professionally photographed homes can help earn homeowners up to a 47% higher asking price per square foot compared to houses marketed without professional photos.

Your real estate agent will almost always arrange for professional photos as part of the listing process.

Highlight the surrounding area

A home’s location will be important to buyers seeking out a home with potential. Mention in your as-is listing if your home is close to any of the following:

• Downtown areas
• Major employers
• Parks and green spaces
• Sports venues and entertainment districts
• Waterfront views or access (ocean or a lake)
• Highly rated schools
• Access to outdoor activities
• Public transportation

Include ‘as is’ in the listing

Unless you explicitly mention that your house is being sold “as is,” buyers will have no idea of your intentions with the listing. Other common descriptors mentioned in as-is listings in Rhode Island include “priced to sell”, “fixer-upper”, “handyman special’, or a “call for investors.”

To balance the focus on as-is condition, work with your agent to craft a property description that highlights the best features of the home,

Understand buyers may still try to negotiate

Listing “as is” provides no guarantee that buyers won’t try to negotiate savings on their purchase, even on an asking price you felt was already reduced to reflect the home’s condition. One of the best defenses you can have is an agent who takes a hard stance to prevent a deal from going south for the seller.

Be aware of minimum property standards for certain loans

When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan.

But if you do end up working with a financed buyer, be aware that different mortgage types (such as conventional loans or government-backed FHA, USDA, or VA loans) have different minimum property standards. These are standards related to the overall condition of a property that will play a role in a lender’s willingness and/or ability to finance a buyer’s loan.

Before properties can be financed, their value and condition is typically examined by a state-licensed, independent appraiser contracted by the buyer’s mortgage company.

If you’re unsure whether your home will meet appraisal requirements, you can start by taking a look at the FHA minimum property standards. If your house complies with FHA, then it complies with most other lenders’ requirements.

Prioritize a cash offer if you receive one

On occasion, conventional lenders may even finance a fixer-upper property sold “as is,” and it’s not impossible to finance a fixer-upper with an FHA loan. However, if you’re selling a house “as is” — especially one that needs heftier repairs — you may want to consider accepting a cash offer if you receive one. Cash eliminates the lender-ordered appraisal as well as the time it takes to close on the buyer’s loan, creating a faster and clearer path to settlement.

Pros of listing a home ‘as is’: 

• Save time and money on prepwork
• Possibility of reducing negotiations from the inspection
• Solution for out-of-state owners and inherited homes

Cons of listing a home ‘as is’:

• Limited buyer pool
• Expect lower offers
• Negotiations and repairs aren’t always off the table

Steps to sell directly to a cash buyer

Now that we’ve covered the general process of listing a home “as is,” let’s discuss the alternative of working with an investor. While the process varies from business to business, the steps to selling your home to a house-buying company typically go something like this:

1. Decision: A homeowner decides a traditional listing isn’t for them. Perhaps their house needs a lot of work, or they do not want to host any showings or open houses. They’re concerned about finding a buyer willing to purchase their home “as is” in its current state.
2. Contact: A seller contacts a company that buys homes in their area and provides some basic information about their home.
3. Preliminary offer: At this stage, some house-buying companies will provide a preliminary offer that is subject to change after a house assessment.
4. Assessment: The company schedules a walkthrough of the property to evaluate its condition, usually within 24 to 48 hours.
5. Firm offer: The company makes a firm offer (usually within 24 hours, sometimes on-site after the walkthrough) which you can accept or decline. Most of these companies will not negotiate on price, so the offer is a take-it-or-leave-it scenario.
6. Closing: If you accept the offer, you and the company will each sign the contract, and closing will begin. Some companies offer a large deposit or moving cost assistance, and a few may even pay for the home upfront.
7. Payment: The seller receives payment quickly, typically within seven days to a few weeks. This can vary by company, and sellers who work with a house-buying company often enjoy flexibility in selecting a move-out date that works for them.

If you aren’t sure where to get a cash offer, consider Simple Sale, a solution from HomeLight. With Simple Sale, you tell us a bit about your home, such as whether it’s a single-family or condo and how much work it needs. From there, we’ll provide you with a full cash offer to buy your home in as little as a week.

Skip repairs

There is no need to call the roof inspector or drain your savings to replace the HVAC. HomeLight will provide an offer for homes in almost any condition.

Sell when it’s convenient

Want to get out right away? Or need a little more time to pack? Either way, we’re flexible. Pick a move date that works for your schedule within 30 days of closing.

Close with certainty

Cash buyers don’t need a lender’s involvement to purchase a home, meaning they can move nimbly and quickly compared to someone who needs financing. With Simple Sale, you can close in as little as 10 days, compared to the 30-60 days or longer it typically takes to close with a financed buyer.

Curious to know more about the Simple Sale experience? Hear it firsthand from one of our valued clients in the video below.

Additional We Buy Houses companies in Rhode Island

Below we’ve compiled a list of some of the leading companies that purchase homes “as is” for cash in Rhode Island and information about each.