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, we’ll go over a few of those here. In general, most buyers looking for houses today prefer move-in ready homes. 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 and are willing to take on a fixer-upper. In addition, real estate investors are keenly interested in purchasing houses as is. Real estate investors often prefer a house that needs a little TLC. Real estate investors make money buying homes as is, fixing them up, and then reselling them to homeowners.
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Whether you’re selling your home or working with a real estate investor, you’ll receive many benefits when you sell your house as-is.
- You don’t make any repairs to the property. The new buyers are aware of the repairs and updates that are needed.
- 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 won’t have to deal with showings or haggling on price.
There are two ways to sell your house 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 traditional buyer you’ll have to handle all the negotiations, paperwork and may still have to make some repairs to the house to close the deal. You will likely have to schedule showings for potential homeowners. And if a real estate agent represents the buyers, they’re going to want a 3% commission for the sale.
When you sell your house as-is directly to a real estate investor, the approach is simpler. 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.
Download our free guide to selling your house directly to a real estate investor by clicking here.
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