Are you looking to sell a house in San Antonio, somewhere else in Bexar County, or anywhere in Texas? Then this blog post will answer the question, “Would an investor buy my house in San Antonio for close to the asking price?” Keep reading to find out the answer…
When it comes to selling your house, you have a couple of options:
- You can sell it on the market by stating your asking price and then working with an agent to try and find a buyer (or trying to find a buyer yourself).
- You can skip the “sell-on-the-market” process and just work with a buyer directly (like what we do here at Sell My San Antonio House) who can offer you a cash price for your house.
If you’re wondering, “Would an investor buy my house in San Antonio for close to asking price?” then here’s what you need to know:
The answer is Yes! But it depends…it depends, of course, on how much you are asking…and have you taken into consideration that you will not be paying commissions or closing costs or making repairs?
Lets look a little deeper into this and learn about why an investor might buy your house, how an investor offer compares to a traditional offer, and some thoughts about setting your asking price.
Why Investors Invest In Houses
An investor invests in real estate because they hope to buy at a lower price and either sell at a higher price or rent out the property. Therefore, investors are motivated to find houses that are priced affordably for them to buy.
If your house would be worth $150K if you made all the repairs, completed any necessary updates, paid a realtor to list your property, and found a buyer that is qualified to buy the house, then most people agree that it would not be reasonable to ask an investor to pay that same price without you doing any of that stuff.
If you want to go through all of those steps and hope that it sells in a reasonable amount of time, then when you are ready, you can set a high asking price. But, if you prefer to skip all of that or you have a house that needs substantial repairs or a house that needs to be sold quickly, then you should consider setting a more realistic asking price.
Before you set your asking price, think about what benefits an investor provides…
- No Need To Make Any Repairs
- No Cleaning or Preparing The House For Showings
- No Realtor Fees or Closing Costs (Typically saves you ~10% of the sales price)
- Fast Closing or A Guaranteed Closing Date When You Need It
- Peace Of Mind and Reduced Stress Because You Know Your House Is Sold
Understanding The Asking Price
Your asking price is a starting point for the negotiation. Even if you sell to someone on the market (through the help of a real estate agent), your asking price will be the starting point and the buyer will usually try to negotiate a lower price.
But here’s what most people don’t realize: the asking price has other factors built in… for example, it assumes that you have fixed up and cleaned up your property so it’s in pristine shape and ready for buyers.
And, don’t forget that you have to pay bills, insurance, and taxes on your property the whole time an agent tries to find a buyer (which can take months). And then you’ll have to pay the agent a commission, which might be thousands of dollars.
So your asking price has all of these things “built into it”. What if you were able to take all those “extras” out of the asking price and walk away with the same amount of money? Oh yea, and without all the headaches that can come with selling a house…
If you removed the costs of all the repairs, updating, cleaning, holding costs, commissions, etc., would you be happy selling it for a lower “sales price”, but ending up with about the same amount of money in the end?
An Investor Skips All This
When you work with an investor, you actually skip all of this. You don’t have to fix up or clean up your house so you can save thousands of dollars there. And, you don’t have to pay bills, taxes, and insurance for months while you wait for a buyer to be found, so you save thousands of dollars there. And, you don’t have to pay a commission because no agent was used, so you save thousands of dollars there.
Knowing that you get to skip all those things, would you set your asking price different if you could save all that time, money, and energy?
Add it all up: sometimes you can save thousands of dollars by selling TO an investor instead of selling THROUGH an agent.
Now, if you have a perfect house and you need to get absolute top-dollar and you don’t mind waiting to see if you can do it, then you might want to try selling with an agent.
Selling to an investor allows you to sell faster and avoid all those expenses. That’s why an investor might be able to buy a house near your asking your price or an investor might not be able to buy your house near your asking price. However, the discount you might provide them is often money you wouldn’t see anyway while you wait months and to sell your house on the open market.
Do you want to sell to a local San Antonio Investor? Would you like to find out what your all cash offer from an investor would be? If so, please give us a call or fill out the form below and we would be happy to discuss it will you and provide you with a free, no-obligation cash offer.