What type of contract would a seller most likely choose for a property in poor condition?

When a seller has a property in poor condition, they often select an "As-is Contract." This type of contract allows the seller to sell the property in its current state without needing to make repairs or improvements. It communicates clearly to potential buyers that they are purchasing the property without any assurances regarding its condition.

In situations where a property may require significant work or has various issues, this option can be beneficial for the seller, as it can expedite the sale process. Buyers interested in such properties often anticipate needing to invest in repairs, which is designed into the structure of the agreement. Therefore, the seller can attract buyers looking for a project or investment opportunity without the obligation to improve the property before selling it.

In contrast, a Standard Listing Agreement typically involves negotiating terms for both repairs and price adjustments. A Market Value Contract implies a pricing strategy based on the property’s current worth, often factoring in its condition for pricing considerations but does not inherently exempt the seller from making repairs. A Repair and Sell Agreement, while focused on making repairs prior to the sale, contradicts the seller’s primary goal of selling as-is without investment in repairs or renovation costs.