Are you looking to sell a house or land in Floresville, the [market_zipcode} zipcode, or anywhere in Tx? Then this blog post will answer the question, “Would an investor buy my house in Floresville for close to asking price?” Keep reading to find out the answer…
When it comes to selling your house or land, you have a couple of options:
- You can sell it on the market by stating your asking price and then working with an agent to try and find a buyer (or trying to find a buyer yourself).
- You can skip the “sell-on-the-market” process and just work with an investor who can offer you a price for your house or land.
If you’re wondering, “Would an investor buy my house in Floresville 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 rent out the property on in the case of land split it up. Therefore, investors are motivated to find houses or land that are priced affordably for them to buy. In other words, way below market price because they have to rehab the house and pay for selling or they have to subdivide with the costs that entails.
Before you set your asking price, think about what benefit an investor provides…
Understanding The Asking Price
Your desired 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 may be the starting point and the buyer will usually try to negotiate a lower price except in a hot market. In a hot market it is possible to get offers above asking price. Working with a real estate agent means your home will go on market at a sales price that reflects its market value.
What is market value? It is the price that a ready, willing and able buyer will spend to buy your house in its current condition.
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 ready to sell shape and ready for buyers. And, don’t forget that you have to pay bills, insurance, and taxes on your property the whole time an agent tries to find a buyer. In the 2021 market that is probably less than a week if your house is in saleable condition. There are costs to selling with an agent but that agent brings expertise and advertising to the table as well as potential buyers. They know the market, what is happening in the market and your competition.
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 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 might save dollars there. And, you don’t have to pay a commission because no agent was used, so you save there.
Add it all up: you might save dollars by selling to an investor instead of selling with an agent. But you might be leaving a lot of money on the table as investors buy low and sell high.
A Realtor Works for you
The job of a real estate agent is to work for you. To find a buyer that feels they got a good deal while you as a seller is happy with your selling price. The agent holds your hand and navigates the whole transaction to get you the best price available. In 2021 at this time, the market is very active and most homes sell for the asking price putting as much money as possible in the sellers pocket.
Selling to an investor allows you to sell faster and avoid all those expenses. That’s why an investor might not be able to buy a house near your asking your price because their offer is based upon their costs to bring the house to market.
Do you want to sell your house fast in Floresville?
If you’re looking to sell fast, get an honest opinion from an experienced agent who works with investors and knows the ins/outs of investor buying vs selling on the open market. Just click here now to fill out the form or call our office at (210) 216-7722.
Faye Y Taylor, Floresville TX Realtor®
Serving all of Wilson County and the South Texas area
Floresville Real Estate Agent – Faye Y Taylor is here for help and to answer any questions you might have