Would an investor buy my house in Dallas / Fort Worth, the 75142 zipcode, or anywhere in TX? Well, we’re so glad you asked! This blog post will answer the question, “Would an investor buy my house in Dallas / Fort Worth for close to asking price?” Keep reading to learn more…
When it comes to selling your house, you have a few options:
- You can sell it on the market by working with a real estate agent to find the right buyer
- You can try to find the buyer yourself
- You can skip the entire listing or for sale by owner process and just work with a buyer directly (like us here at Madison Lea Homes) who can offer you a cash price for your house no matter the property’s condition.
If you’re wondering, “Would an investor buy my house in Dallas / Fort Worth for close to asking price?” then here’s what you need to know:
Why Investors Invest
An investor invests in real estate because they hope to buy at a lower price and either sell at a higher price or keep the property as a rental property. Therefore, investors are motivated to find houses that are priced affordably for them to buy.
Investors typically have construction crews that work for them or at least know of reputable crews that they work with regularly that can help with any renovations needed. So they’re prepared to do major repairs to a home if they’re needed because they have the time and man power available to get them done quickly and efficiently.
Before you set out to list your home, think about what benefit an investor provides…
Understanding The Asking Price
Your asking price is a starting point for the negotiation. Even if you sell to someone on the market (through the help of a real estate agent), your asking price will be the starting point and the buyer will usually try to negotiate down to a lower price.
But here’s what most people don’t realize: the asking price has other factors built in… for example, it assumes that you have fixed up and cleaned up your property so it’s in pristine shape and ready for the new buyer. And, don’t forget that the entire time your property is on the market, you still have to pay utility bills, insurance, maintenance and taxes on your property (which can take months). And then you’ll have to pay the agent a commission and fees as well as closing costs, which could be thousands of dollars.
So your asking price has all of these things “built into it”.
An Investor Skips All This
When you work with an investor, you actually skip all of this. You don’t have to fix up or clean up your house, so you can save thousands of dollars there. And, you don’t have to continue to pay bills, taxes and insurance for months while you wait for the right buyer to be found, so you save thousands of dollars there. And, you don’t have to pay a commission because no agent was used, so you save thousands of dollars there. And you won’t be responsible for closing costs either. That can be another thousand.
Add it all up, and wow! You can save thousands of dollars by selling TO an investor instead of selling the traditional way THROUGH an agent.
Summary
You can sell faster and avoid a bunch of headaches and expenses when you sell to an investor. We buy houses in any condition, so you won’t have to make any repairs! That alone can be a great reason to sell to an investor quickly!
An investor might not be able to buy a house close to your asking your price, however, the discount you might give to them is money you wouldn’t see anyway while you wait months and months and “gamble” by selling your house on the open market.
If you’re ready to get your house sold without any hassle, contact Madison Lea Homes now!