Q - Do Real Estate Investors pay "Market" or "Retail Price"?
Please do not confuse what a real estate agent tells you is the value of your property, with how much money you will actually put in your pocket if, and when the property sells. Not to mention that your a comparable analysis from a realtor might only show sold houses. During a Buyer's market properties that are actively for sale are normally asking a lower price than their sold comparables. This is due to the lack of demand and increased amount of inventory or houses for sale. For example; a realtor might tell you that your house is worth $200k, but if comparable houses are selling for $160K, how much do you really think anyone is going to pay for your house?
First of all, it is quite common for a home or property to sell for 5 to 10 percent less than what the real estate agent lists the property for.
Secondly, when using real estate agents, it not uncommon that you as the seller, will probably be required to do a number of repairs to satisfy the buyer. These repairs could cost thousands of dollars. The buyer might also require the seller to assist with closing costs or other buyer expenses.
Third, do not forget your holding costs (Your loan payments and the cost of your money tied up in the property, which could be making you money, somewhere else.)
Finally there are commissions to the agent which can be 7 percent, and your closing costs which can be as much as 3 percent.
Bottom Line:
A real estate agent could tell you your house or property is worth X amount of dollars. By the time your agent sells it, figure in your holding costs, repair costs, commissions, selling costs etc. etc., you might put X amount of money, less tens of thousands in your pocket!
Our Real Estate investors are up front and can even provide you with an approximate amount that you will pocket when selling your house to them. Their offers are normally cash home offers. Obviously the price most real estate investors offer will not be a discount purchase price.
When you submit your property information to our website, it is forwarded to several Real Estate investors. With several offers you should be able to negotiate the best possible price from one of them.
There is only one way to know for sure how much our investors will offer for your house, complete our Sell House Fast. There is no commitment or obligation, if you don't like the offers just say no!
Did you know that Zitrof's we buy houses program can help you sell your house and prevent foreclosure, but it can also help you make some residual cash?
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