Are you looking to sell your Dallas Fort Worth area house? Then this blog post will answer the question, “Would an investor buy my house in Dallas for close to 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 coming up with an asking price and working with an agent to hopefully find a buyer. You can also work with your agent to try to find a buyer using your own marketing.
- You can skip the “sell-on-the-market” process and work with a buyer directly (like what we do here at Happy Buy Homes) who can offer you a fair price for your house.
If you’re wondering, “Would an investor buy my house in Dallas for close to asking price?” then here’s what you need to know:
Why Investors Invest
An investor invests in real estate hoping to buy at a discount to sell later for a profit OR they may be looking to add the property to their rental portfolio. Either way, investors are motivated to find houses that are priced affordably.
Before you set your asking price, think about the benefits of working with an investor versus an agent…
Understanding The Asking Price
When you work with an agent, your asking price is simply a starting point for negotiation. This is because buyers almost always try to negotiate a lower price based on several factors:
- Is the home truly move-in ready? In order for a buyer to consider your home move-in ready, it must be absolutely spotless! Even so, many buyers still opt to make a few cosmetic changes such as paint and flooring prior to moving in. They will try to negotiate the sales price of your home to allow for those changes.
- The home inspection. We’ve heard of bad home inspection reports and some okay home inspection reports, but we’ve never heard of a flawless home inspection. Anything found during the home inspection will be grounds for the buyer to negotiate.
One more thing to consider…
You will still have to pay the bills, insurance, and taxes on your home the entire time it is listed and until the bank can close. You should also factor in the expense of paying the agent a commission, which is generally 6%. So your asking price has all of these things “built into it”.
An Investor Skips All This
When you work with an investor, you can skip the headache. You won’t have to fix up your house. Heck, we don’t even care if you clean it! Consider how much time, hassle, and money that will save you. You won’t have to worry about footing the bills for the house while it is listed on the MLS. We can close on your timeline. Even better, it will cost you NOTHING to sell to an investor like Happy Buy Homes. You will literally save thousands of dollars on realtor commissions.
Selling to an investor allows you to sell your Dallas Fort Worth home fast and avoid all those expenses. That’s why an investor might not be able to buy a house near your asking your price. However, the discount you might provide them is money you wouldn’t see anyway while you wait months and “gamble” to sell your house on the open market.