I get calls every day from people who want to sell their house. Most of these don’t want to wait for 6 months to sell their house. They want it sold in a few days. That’s why they call me. Of course I would love to buy every single one of them, but sometimes it just doesn’t make sense for someone to sell to a Real Estate investor like me.
How can you know when selling your house to an investor makes more sense than listing with a Realtor?
If your house is in a nice area, in good condition, and (here is the big one) you have time to wait for a higher offer, then you need to list it with a Realtor.
On the other hand, if your house is in a marginal area, or it needs repairs, or you just want to get it sold quickly, then you need to let me make you an offer. Now I know what you are thinking… A Realtor can get you way more money, Right? Well, let’s take a look and see.
First of all, the nation average for discounting a home is 5%. Most Realtors are going to charge you 6% to sell your house. You can figure about 2% to pay your own closing costs. You can also count on buyers needing you to pay up to 6% for their closing costs. If you don’t believe me just ask around. That’s the new way the Real Estate market works. Buyers just don’t have the money to pay for their closing costs. So you are losing around 19% to the transactional costs. Then you get hit with a list of repairs from the new buyer. This can add up to some serious money. Even if you don’t pay the full 6% for buyer closing costs and you don’t negotiate the full 5%, you are still going to lose around 15%. And you will sometimes have to wait up to 6 months or longer for your house to sell. Many people aren’t in a position to wait that long.
People who sell to me have several advantages.
1. They get to pick when they close. Since I pay cash I can close in as little as 3 or 4 days or I can close in 2 months. Some people need to be able to know that their house will sell, for sure, on a certain date. The timing in a Real Estate transaction can be just as important as the price.
2. I take the house in it’s as is condition. That means that the seller doesn’t have to make any costly repairs. They don’t even have to clean up.
3. I handle all of the paperwork and details. I make things as easy as possible. From writing the contract to working with the title company, I handle everything. The seller can just focus on other more important things.
Now I know what you are thinking. You are thinking that I offer half of what the houses are worth right? I mean, if I were in your shoes I would be thinking the same thing. So the million dollar question is, “How much do you offer for houses?” I get that question a lot. It depends on the area and the condition of the house. I do have to get the house for a price that allows me room to fix it up, put it back on the market, and babysit it until it sells. So yes I have to buy at a discount. But when you compare my offer with what you would actually NET (walk away with) if you were to sell using a Realtor, you would see that my offers are very reasonable. I am doing the job of a general contractor and a Realtor all in one. If you were to add up what you would really spend if you were to call a contractor to make repairs and then sell using a Realtor, you would see that selling to me is not such a bad idea. And the big bonus is that you can have your money now instead of 6 months down the road.
If you are still on the fence, you should give me a call. I would love to visit with you. You can call me at 806-359-7653. You can also visit my website at Sell Your Amarillo House