Selling a House As-Is in Wisconsin

Fast facts about selling a house as-is in Wisconsin

What is ‘as is’ condition in real estate?

As-is is a type of home sale where it’s understood that no improvements will be made to the property. The seller chooses not to entertain requests from buyers to complete repairs or provide credits for fixes.

An as-is sale may also indicate that the functionality and longevity of certain components of the home, 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.

“A lot of times, sellers are trying to remove some future liability by listing their house as-is, but buyers do, of course, still have the opportunity to inspect it and ask for any repairs or a price reduction,” Rynders says. “So while the intent is to sell as-is, it still doesn’t mean that buyers can’t negotiate later on.”

Which types of homes are sold ‘as is’?

Homes sold as-is often need some work or may be cosmetically outdated.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.

“When a home is in truly terrible condition, then probably only a flipper or investor would buy it and have the funds and resources to fix it up,” Rynders says.

“But then, there are some cases where the house being sold is part of an estate sale,” he adds. “Maybe it was grandma’s house, and while it was well taken care of, the seller just doesn’t know everything about it, so it’s being sold as-is. You can usually tell by the price point of a house what kind of condition it’s in.”

What problems do you have to disclose in Wisconsin?

Selling a house as-is in Wisconsin doesn’t mean sweeping known problems about the house under the rug. A good time to fill out Wisconsin’s Disclosures by Owners of Real Estate is before listing your home or requesting an offer, so that you know it’s taken care of.

The Wisconsin legislature last updated the state’s Disclosures by Owners of Real Estate form (709.03) in 2023-2024, so it’s important to verify you’re using the correct form. Here are some of the issues you need to disclose when selling your home as is:

Structural and mechanical

Sellers must respond to a series of questions about the structural and mechanical integrity of the property. This includes defects with the roof, gutters, or eaves, as well as:

• Issues with the home’s electrical system
• Leaks or defects in the property’s pipes, toilets, interior or exterior faucets, bathtubs, showers, or sprinkler system (including overflow from sinks, tubs, or sewers)
• Problems with the home’s heating, ventilation, and air conditioning systems
• Defects related to a wood-burning stove or fireplace
• Non-operational smoke detectors and carbon monoxide detectors
• Structural defects related to the walls, driveway, patios, decks, fences, windows, floors, ceilings, and stairways
• Basement or foundation defects (flooding, cracks, seepage)
• Mechanical system defects, including problems with an appliance, central vacuum, or garage door opener

Environmental

Sellers must provide information about their knowledge of any potentially toxic substances or pest control issues that exist on the property. Examples include their awareness of:

• Unsafe levels of mold
• The presence of lead paint, radon, asbestos, or other potentially dangerous substances
• Current or previous animal and insect infestations
• Water quality issues related to unsafe concentrations of lead

Wells, septic systems, storage tanks

Sellers must disclose any known issues related to wells, septic systems, and storage tanks, including:

• Well defects due to construction issues, improper closure, or contamination
• Whether the property has a septic system, as well as its current condition
• Whether there are fuel storage tanks on the property

Taxes, special assessments, permits, etc.

Sellers will be asked to disclose information on:

• Notice of an upcoming property tax increase
• Recent improvements that could increase the property value
• Pending special assessments
• Any remodeling, repairs, or replacements they completed without the required permits

Land use

Examples of disclosures covered in this section include:

• If the property is subject to a homeowners’ association (HOA)
• Co-owned common areas (if the property is not a condominium unit)
• If the property is in a floodplain, wetland, or shoreland zoning area
• Any known zoning code violations
• Any nonconforming uses
• Conservation easements on the property (to protect fish, wildlife, or plants)
• Restrictive covenants or deed restrictions

Additional Information

Under this section is the broad-reaching question: “Are you aware of flooding, standing water, drainage problems, or other water problems on or affecting the property?”

According to the Milwaukee Business Journal, one of the most common alleged water-related issues not revealed by Wisconsin home sellers is water infiltration in the basement. If a buyer moves into your home and discovers this or any other significant undisclosed defect, they may sue you, claiming that you either failed to disclose the issue or that you deliberately concealed it during the home sale transaction.

It’s in the seller’s best interest to disclose any significant water infiltration or damage caused by leaks or flooding.

Sellers will also need to disclose any additional defects they’re aware of, including things related to drainage issues, earth movements, or grading problems. If they filed any insurance claims for damage to the property in the last five years, or if the home is a designated historic building, they will need to disclose that information, as well.

Exceptions

No matter what method you choose to sell your home, it’s required to make these disclosures to the best of your ability. However, Wisconsin does allow certain exceptions for sellers who haven’t lived in the home, including personal representatives, trustees, conservators, and fiduciaries who are appointed by, or subject to the supervision of, a court.

Review your options to sell as-is in Wisconsin

The main options to sell a house as-is include:

List as-is with the help of a real estate agent

A great real estate agent will assist you throughout the process of listing and selling a home as-is. They can offer simple presentation tips to improve marketing, set an appropriate price that reflects the home’s condition, and find a buyer willing and eager to buy your home in its current state.

According to Rynders, just because you’re selling a house as-is doesn’t mean that you’ll magically be able to sell the house without putting in any work. “Having a Realtor® to help guide you through that process and properly set expectations is important,” he explains.

It also helps ensure that they aren’t leaving any money on the table, he adds.

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, where it may be difficult to get an offer from a limited buyer pool.

“We Buy Houses” operations buy as-is properties 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 especially 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.

Remember, most traditional buyers won’t consider a home that isn’t move-in ready, so an as-is sale likely has a reduced buyer pool from the start. Your agent should also be willing to go the extra mile on marketing and preparing your home for sale.

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 may be able to point to how the estimated cost of certain repairs was already baked into the list price. A pre-listing inspection is something that Rynders recommends doing on a case-by-case basis.

“If they do a pre-inspection, they’ll have to legally disclose all of the defects that were found. So once you have an inspection and you’re aware of everything, you do have to disclose that to buyers. Sellers need to be OK with either disclosing any issues that came up during the inspection or making some repairs,” explains Rynders.

In other words, they need to be OK with the results, regardless of what the inspection report reveals.

Price to reflect as-is condition

The median sale price for homes in Wisconsin hit $286,000 in February 2025,  a 7.9% increase from the same period last year. Still, if you’re selling as is, it’s important to adjust your price to account for visible wear and repair needs. A well-priced home signals transparency and can help you attract motivated buyers despite the property’s flaws.

Some of the top factors that impact the value of an as-is listing in Wisconsin include basement issues and the overall condition of the house.

“Some homes are truly in shambles, where only a flipper or investor could buy [them] and have the funds to fix [them] up,” Rynders says. “But others are just part of an estate sale and might have been well taken care of. So just because it’s being sold as-is doesn’t mean it’s in bad condition.”

Rynders suggests sellers carefully evaluate before labeling and listing a home as an “as-is” property. “If a house is priced 50 to 75 percent of what it should be, it’s usually in bad condition. But if it’s 80 to 95 percent of what it should be, it could be a great house to put some sweat equity into.”

To set a realistic price on your property, 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.

Do ever-so-light preparations

Even for as-is home listings in Wisconsin, Rynders and Klaas typically recommend that sellers complete the following:

• Clean the house and remove any lingering odors, such as pet smell, that might turn buyers off.
• Declutter the space so buyers can better see the house’s potential.
• Pack up personal belongings to depersonalize the space.

“It’s very much in your best interest to properly prepare the home,” Rynders says. “You’d much rather have 10 offers to pick from than three or five offers.

He noted that in some past listings, buyers were initially interested based on online photos but lost interest after seeing the property in person, as it didn’t match their expectations. This emphasizes the need to generate multiple offers, as initial interest doesn’t always lead to a sale.

Photograph to show potential

Your home listing warrants professional photography, no matter what type of condition the property is in. A competent 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, homes with professionally photographed real estate listings can sell faster than 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:

• Good school district
• Parks
• Freeways
• Convenient shopping
• Restaurants
• Main street or downtown area

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 Wisconsin include priced to sell, an appeal to investors, or use of the word “opportunity.”

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, such as the structural integrity (if applicable), lot size, proximity to good schools, or any newer updates that have been made to the property.

In Wisconsin, there is no specific as-is checkbox or label for agents to mark on the multiple listing service (MLS), so that information will need to be included in the listing.

Understand that buyers may still 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 the  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, which will play a role in the willingness and/or ability of a lender to finance a buyer’s loan.

Before properties can be financed, their value and condition are 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 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.

“There are a lot of hurdles that can come up with financing since it’s the bank buying the house, not the person,” Klaas says. “Deals can go bad because of the bank, and whether anything comes up during an inspection that needs to be fixed.”

“One thing that’s unique to this area is basement issues and problems,” Rynders adds. “It’s a common barrier for some houses that are listed as-is when people are using loans, because the banks typically won’t want to touch them.”

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. Tell us a bit about your home, such as whether it’s a single-family home or condo and how much work it needs. From there, we’ll provide you with a no-obligation, all-cash offer to buy your home in as few as 24 hours.

Want 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 Wisconsin

Below, we’ve compiled a list of some of the leading companies that purchase homes as-is for cash in Wisconsin and information about each.

How much will you make from an as-is home sale?

There is no simple equation for calculating how much you’ll net from an as-is sale. If you list on the market with an agent, you’ll need to account for the cost of agent commissions (around 6% of the home’s sale price) and other closing costs, such as title fees and taxes, but are likely to field higher offers from buyers and see more competition for the home.

Different types of investors and house-buying companies also offer varying amounts for homes, largely dependent on their exit strategy. While fix ‘n’ flip investors usually pay around 70% of the home’s after-repair value, buy-and-hold investors who plan to rent out your property may be able to pay more.

In addition, investors are often willing to cover a seller’s closing costs, which can add up to around 1% to 3% of the sale price. HomeLight’s net proceeds calculator can help run through some possible selling scenarios and estimate your take-home pay.

Ready to sell your house in Wisconsin?

While every home sale is different, you should now be familiar with the general process of selling a house as-is in Wisconsin. Now, you can begin to weigh which method will work best for you.

Whether you choose to list as-is with a real estate agent or work with a direct home buyer, a home doesn’t have to be in perfect condition to sell, so long as you provide disclosures as necessary, set the right price, and know what to expect going in.

Whenever you’re ready to take the next step, HomeLight would be happy to assist with your real estate needs. Connect with a top agent near you or get started with a cash offer from Simple Sale.

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