Is a cash sale right for you? Ask yourself these 2 important questions:

When making a decision on selling your house, you have the option to selling it ‘as-is’ to an investment company such as ours, for an easy cash-sale.

You may be wondering if this option is the right one for you or not, and this short article just might help you with your decision.   We suggest asking yourself these 2 important questions: 

  1. What is the most important thing to accomplish when selling your property?  Is it the highest price possible?  Or is it the easiest method possible?If you want the highest possible price you can get, then you’ll want your property to be in excellent shape and “showable” so that occupants will be interested in your property and want to come see it.  Is your house “pretty” and updated?  Will it be easy to sell because it’s in a great neighborhood and highly desirable?  If you desire to sell your property for the highest price you can get, then you may want to use a real estate agent to list it and possible assist you with getting it in ‘sellable’ condition.  Frankly, we as ‘middlemen’ will not be able to compete with owner occupants, so you’d be better off trying to find a family who will want to buy it and live in it.

    If it is convenience, ease, and a hassle-free transaction that you desire, then someone like us will be your best bet.  You will be trading a potential higher price in exchange for convenience.  For example, just like when you purchase a new vehicle and decide to trade in your used vehicle to the dealership, you are deciding to sell it for less money in exchange for making things easy and stress free.   Only you know what is most important to you.

  2. How much time, money, and resources do you have to give towards selling your property?  Is your property in good shape? Do you have the means or motivation to fix it up?If you decide you would rather try to hold out and make the most that you can from your property sale, then you need to decide how much time you have to dedicate to getting your property sellable.  This will obviously depend on the condition of the house as well.  How much money will it take to fix it up or get it in sellable condition?  Do you have a good contractor that you know?  What about mortgage payments?  Are you okay with paying the expenses on the house while it is for sale?  Do you have a termite contract in place? What about a survey?

    Think about the things that are typically required when selling a house in a traditional sell.  After the property is in nice condition and fixed up, then it will be listed and people will come and walk through your property.   If you get an offer that is acceptable to you, you’ll typically be asked for a termite policy letter, buyer’s closing costs to be paid by you as the seller, an inspection period, and possible other concessions such as a survey or home owners warranty.  After the inspector is finished, you may be asked to make additional repairs.  The buyer’s bank will order an appraiser and an appraisal will be run before it closes.  You’ll have realtor commissions and closing costs to pay at closing.   The sum of these items can cost an average of 10% of the sales price.

Once you can answer these 2 questions confidently, then you’ll know if you should sell for cash to an investor, or sell your house the traditional way.   If you have any questions, please feel free to give us a call.   We’d be glad to help you no matter which decision you make.

blessedinvestor

About blessedinvestor

Justin runs Upward House Buyers LLC, a successful real estate company in Little Rock, AR. He is happily married and has 3 children. He loves his church, playing guitar, football, and most anything outdoors. Justin has been featured on several real estate investing podcasts and is a national educator on real estate investing and business development.

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