We buy houses in Minneapolis St Paul Many wanting to sell their homes are asking, would an Investor buy my house? This blog post will answer that question, keep reading to find out the answer…
When it comes to selling your house, you have a couple of options:
- You can sell it on the retail market by coming up with a value for your home and real estate agent to try and find a buyer. They will tell you things you should do to prep your house ready to sell. Then they will list it on the MLS so other agents can show it to their clients.
- You can try to sell it yourself by selling your house on craigslist, or building an online marketing approach using your own website.
- You can skip the “sell-on-the-market” process and just work with a buyer directly (like what we do here at Minnesota Cash Home Buyers) who can offer you a price for your house. We are local home investors here in Minneapolis St Paul. Just pick up the phone and give our team at Minnesota Cash Home Buyers a call at (612) 444-5088 or click here now and enter your information into the form.
- Ways to tell a real estate agent and investor apart here in [market_state. They do very different things for you, depending on the outcome you are wanting. Agents get your house ready for the retail market and you pay them a commission to sell your house. An investor on the other hand work to buy your house as is mainly for all cash.
If you’re wondering, “Would an investor buy my house in Minneapolis St Paul for close to asking price?” then here’s what you need to know:
Why Investors Invest
An investor in Minneapolis St Paul invests in real estate because they hope to buy at a lower price and either sell at a higher price or rent out the property. Real estate investors come in all kinds of forms.
- Some investors buy to put into the rental portfolio
- Some investors buy fix and sell as a like new house for a profit
- Some investors buy and just sell again for a small profit
- Others assign the property purchase agreement to another investor who wants to buy houses
Therefore, most real estate investors are motivated to find houses that are priced affordably for them to buy. All things considered they are close to the asking price when all said the done.
Before you set your asking price, think about what benefit an investor provides… Here are a couple of thoughts to consider as work out in your mind your plan
- disadvantage of selling to an investor over a traditional buyer?
- Key advantages of selling to an investor over a traditional buyer?
Understanding The Asking Price
Your asking price is a starting point for the negotiation. Even if you sell to someone on the retail 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 a lower price.
But here’s what most people don’t realize: the asking price has other factors built in… for example, if you are selling your home on the retail market by yourself (for sale By Owner) or threw an agent it assumes that you have fixed up and cleaned up your property so it’s in pristine shape and ready for the new buyers. And, don’t forget that you have to pay bills, insurance, and taxes on your property the whole time you or an agent tries to find a buyer (which can take months). And then you’ll have to pay the agent a commission, which might be thousands of dollars.
So your asking price has all of these things “built into it”.
- Price to do repairs that need to be done
- Pay mortgage, utility bills, taxes, insurance
- Staging, painting to just make house better
- Price of marketing the home, photos, website, ads
- Price to pay real estate agent commission to sell your house
- price of closing at a professional title company
An Investor Skips All This
When you work with an investor, you actually skip all of this. You don’t have to paint, clean up or do any of the repairs on your house so you can save thousands of dollars there. And, you don’t have to pay bills, taxes, and insurance for months while you wait for a 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.
Add it all up: you save thousands if not tens of thousands of dollars by selling to an investor instead of selling THROUGH an agent.
Selling to an investor allows you to sell faster and avoid all those extra expenses. That’s why an investor might not be able to buy a house near your asking your price. But keep in mind all of those extra expenses you will not have to pay, it can total 15% or more of the price you thought you wanted selling on the retail market. Then there is the time and effort to do all those things to get ready to sell. So, would an investor buy your house close to asking price all things considered? Yes and you can be done with the whole thing in days instead of months