So, you’ve finally decided to sell your house fast for cash? Great decision! You understand selling in the open market is conventional, but a cash offer is better. You don’t have the money to hire a realtor, carry out repairs, and stage the home. Neither do you have the time it’ll take to find a suitable buyer for your home. You want to sell your house like right now!
But, you’re wondering, how much do cash home buyers offer? Or “how much would investors pay for my house?” Would they buy your house at market value or underprice you? Well, before we dive into how much cash home buyers can pay for your house, let’s take a look at the real estate investors who pay cash for houses and what’s in it for them.
Who Is A Real Estate Investor?
Unlike conventional homebuyers looking to buy homes they’ll live in, real estate investors make a living from buying houses. A real estate investor is a businessperson interested in purchasing and upgrading a house and then renting or selling it for profit. Even better, investors pay for houses in cash, so there’s no mortgage approval delay.
Real estate investors have a keen eye for properties that offer value in the long run, as they are looking to profit from their investments. Unfortunately, when people hear that real estate investors are trying to make profits off of their house, they assume erroneously that their houses will be underpriced, but this is not true. That a real estate investor is buying your house to resell for a profit doesn’t mean you’ll be selling at a loss.
More often than not, selling your house for cash to real estate investors is a win-win for all parties involved. For you as a home seller, you get to sell off your property really fast at a fair price without going through the stress of repairs, showings and staging. On top of that, you get to save the money you’ll have used in upgrading your house or staging it, and the realtor’s commission. On the other hand, a real estate investor gets to win by obtaining a house to fix up and sell for extra profit.
So, How Much Do Real Estate Investors Offer Sellers?
The value of every house varies according to its condition, features, and locations. Real estate investors know this and are looking to buy your house at a fair price for both parties. Here are a few things every real estate investor considers before making an offer:
v Cost of Remodeling
Given that real estate investors are known to buy homes as-is, they always have to spend money fixing them. Sometimes, investors have to carry out a total overhaul of a property before they are resold. With investors looking to make profits, they would usually inspect the property to have a general idea of the problems that need fixing and what it will cost. When this is concluded, they would then make a fair offer that ensures that they’ll still make a profit at the end of the day.
v Market Tempo
The real estate market is a volatile one, and there are peak periods and down seasons. The season you are in would determine how much money an investor would commit to buying your property. During peak seasons, there’s a competition to acquire properties, fix them up, and resell when they are in high demand. During such a period, a real estate investor may be more willing to spend higher on acquiring your house, knowing they would be making a profit when they eventually sell. Whereas, if the market is a slow one, investors would still make a fair offer, but it may be slightly less than what they would offer in peak season.
v Prices of Similar Homes in Your Area
The prices of a house vary from location to location. So, depending on the area, the price you’ll get for your house may be higher or lower from another seller in a different area. For instance, if you happen to live in a middle-income neighborhood, real estate investors would make offers that match what is obtainable with similar homes in your neighborhood. Thus, the offer you’ll get may be slightly higher than the one for a home in a low-income neighborhood.
Selling your house to a real estate investor is the easiest way to have your house sold off. And while there are factors that would influence how much you’ll finally get for your property, there’s always room for negotiation. Real estate investors are open to negotiations, and with facts and data backing up your claims, you can always land a better offer.
If you’re still wondering how much cash you can get for your house, you can reach out to us at QuicknEasy Offers, and we’ll make you an offer immediately. You’re not obligated to accept our offer if you are not satisfied. We’re not here to take advantage of you, but to turn your situation into a mutually beneficial arrangement. All you have to do is contact us to get your fair cash offer today!