When it comes to selling a house you have several choices.
Are you trying to sell your house in Fort Worth fast?
One choice for trying to sell your house is to list it with a traditional real estate agent. When putting your house on the MLS (Multiple Listing Service) you will need to make any necessary repairs that a lending institution will require for a loan to be approved. Potential home buyers do not usually like to by homes that have obvious damage or need serious renovation unless the home is deeply discounted. On top of the expenses incurred in these renovations you will also need to pay a percentage of the sale price to the listing agent. This normally ranges from 3% – 6% of the price that the home sells for.
Another option for trying to sell your house is to try and do a For Sale By Owner or FSBO. With this option you still need to make the house as appealing as possible to potential buyers. If the person interested in buying the house can not pay cash then you may also have to make any repairs that their bank deems necessary in order to secure financing. Both of these first two options require an indefinite amount of time and the ability to parade any interested party through a viewing of your house.
A third option is for you to sell your house to a cash buyer. If you choose to work a cash buyer it is undoubtedly faster and easier. Cash buyers can set a quick closing date of your choosing. They do not need for you to do any repairs. There is never a delay in financing because they do not use any financing.
The big question when it comes to cash buyers is usually…“Would an investor buy my house in Fort Worth for close to asking price?” If this is what you are wondering, then this is what you need to know.
What Is A Real Estate Investor?
A real estate investor buys property because they intend to fix up the house and then resell it or rent it out to a local family. Investors work with distressed properties every day. They have the resources and connections to solve difficult or expensive real estate problems. They typically buy properties that are from motivated sellers that need to sell a house fast.
Before you set your asking price, think about what kind of benefits an investor could provide…
Understanding The Asking Price
The price you set for your house serves as only a starting point. Regardless of which sales method you choose, you can expect any potential home buyer to negotiate down from your original asking price.
There are many factors that go into the consideration of setting an asking price. What is it going to cost to do the needed repairs? What decorative or cosmetic changes need to be made to improve the house’s curb appeal or likeability? How long will it sit on the market and what will the payments and upkeep expenses be while I am trying to sell it? How much will closing cost be for the seller? How much will the commission be for a realtor?
An Investor Skips All This
If you choose to work with an investor, you can skip all of this. You will not have to fix or clean up your house, so that in itself could save thousands of dollars. You won’t have to make house payments for months while waiting for a buyer to be located. This could also save you a lot of money. Best of all, you won’t have to pay a commission because no real estate agent was needed, so you save thousands of dollars in that too.
If you add it all up: you will easily save thousands of dollars by selling your house to an investor.
The Bottom Line
If you choose to sell your house to an investor it will be considerably faster and you can avoid all the expenses that are traditionally associated with the sales process. The choice is relatively simple… either pay thousands of dollars in fees, commissions, closing costs and expenses for preparing the property to sell OR you can sell the house fast for cash and not wait months in hopes that your house will sell.
The price that the real estate investor will offer will take into account the current condition of the house, the cost of the needed repairs, the comparable, local real estate market, as well as a few other bits of information. Investors seek to provide fair solutions to homeowners that need help. Just because someone makes an offer does not mean that you are obligated to accept; however, it is always good to at least check every option before making a big financial decision.
If you would like to find out what an investor would offer for your house or property give us a call at or fill out the quick info form.