Sell Your House As-Is
Selling a house as it is in today’s market can be a little tricky. There are pros and cons to selling your house as is or go over a few of those here. In general, most buyers looking for houses today prefer move-in ready Holmes. These are houses they can close on a Friday, move in on Saturday and have a party on Sunday.
A smaller percentage of homebuyers are more adventurous than others and are willing to take on a fixer-upper. In addition, real estate investors are keenly interested in purchasing houses as is. In fact, real estate investors prefer a house that needs a little TLC. Real estate investors make money buying houses as is, fixing them up, and then reselling them to homeowners.
Whether you’re selling your home or working with a real estate investor there are many benefits to selling your house in as-is condition. First, you don’t make any repairs to the property, the new buyers are aware of the repairs and updates that are needed. Second, you don’t have to get your house ready to be listed on the MLS or work with a realtor. Realtor commissions are typically 6% in the Midwest, that commission adds up and that’s money coming out of your pocket. Additionally, you have to deal with showings or haggling on price.
There are two ways to sell your house to yourself, the first being FSBO or for “sale by owner;“ and the second is selling directly to a real estate investor. There is a difference between these two and you should know the pros and cons of each. In 2018 approximately 7% of homes sold were sold FSBO. Selling your house yourself and working with a homeowner you’ll have to handle all the negotiations, paperwork and may still have to make some repairs to the house in order to Close the deal. You will likely have to schedule showings for potential homeowners. And if the buyers are represented by a real estate agent, they’re going to want a 3% commission for the sale.
Selling your house as his direct to real estate investor is a much simpler approach. Real estate investors or professional home buying companies have the knowledge and experience to put together a winning deal. They will take care of all the paperwork, tell the closing costs, and close the deal when you are ready. Again, you will have to make any repairs or updates. All you have to worry about is packing up and moving on. At Ittenbach Capital, we can help you find your next house and even pay for your moving expenses.
Need To Sell Your House As-Is?
Contact us today for a fair, all-cash offer!