Why would you ever consider selling your house to a Real Estate investor like me? That is a really good question! If I needed to sell my house I think selling to an investor would not be the first thing that would come to mind. I would be thinking about calling a Real Estate agent or selling the house on my own. Here is the problem with both of those ideas.
First off, let me say this… If your house is in good condition, in a good area, AND you don’t mind waiting for up to six months for it to sell then using a Real Estate agent may be a good idea. But if it doesn’t fit all three criteria then you may be wasting your time. If your house needs work, if it is a less than desirable neighborhood, or if you don’t want to wait for months to sell then you should consider working with me. When you list your house with a Realtor you will usually have to pay a 6% commission. You will also pay about 1% in closing costs plus, and this really stinks, you will need to be ready to pay at least 3% in buyers closing costs. If you are not willing to do this you will probably not sell your house. Most of the buyers do not have the money to pay closing costs. So you will probably lose about 10% of the sales price. Buyers will also get the house inspected and give you a big list of repairs that need to be made. They will also negotiate the price down as much as possible. I t is important to keep these things in mind. The bottom line is that if you use a Realtor you will have to pay some fees and commissions. This will greatly lower the amount you net from the sale of your home. And it may take several months to get it sold using a Realtor. If you compare my cash offer with what you actually walk away with if you use a Realtor you will see that my offers are pretty darn competitive. It’s the bottom line that counts, not the contract price. I can close in 3 days. If you use a Realtor it may take months or longer.
So what about selling it For Sale By Owner. The short answer is that it is not a good idea. I list every house I sell with a Realtor. Realtors have all of the buyers. They also are able to list your house on the MLS which give it way more exposure than you could ever give it. Several years ago when the market was hot you could sell it on your own, but not in this current market. If you are able to pull it off you are still going to pay closing costs and make repairs just like you would if you used a Realtor. So even though the contract price may be higher than my cash price you will not come out that far ahead. And, just like I mentioned before, it may take six months for it to sell. Add up you house payment, insurance payment, and monthly taxes and deduct that from the amount that you will net. See what I mean?
Many times people call me months after I have made them an offer and tell me that they wish they had taken my offer. They ended up selling it to a home owner but after they realize that they netted the same as they would have if they had taken my offer they are just sick. Sometimes I end up buying the house for the same price that offered six months earlier.
There are several advantages to selling your house to a Real Estate investor like me. I can:
- Close on whatever day you want. You are in complete control of the closing date.
- Take the property as-is. You don’t have to fix or clean ANYTHING.
- Pay all of your closing costs. This saves you a ton of money.
- Take care of all the details and paperwork. There is no stress for you.
If you are serious about selling your house give me a call today at 806-359-SOLD (7653) or visit my website at Sell My Amarillo House.
