Are you looking to sell a house in Memphis, the [market_zipcode} zipcode, or anywhere in TN or DeSoto County in Mississippi? Then this blog post will answer the question, “Would an investor buy my house in Memphis 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 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 buyerhouse) who can offer you a price for your house.
If you’re wondering, “Would an investor buy my house in Memphis for close to asking price?” then here’s what you need to know:
Why Investors Invest
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.
Before you set your asking price, think about what benefit an investor provides…
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.
If you list it yourself or with an agent, your asking price typically will include the common practice and understanding that the home is updated and that there are no repairs to be made. You will also have closing costs to pay that you might factor in when developing your asking price.
If you sell your house to us for cash, your asking price in mind will help us gauge whether we are a good option for you, and help with all of us being on the same page and prepared for the best possible outcome for both parties. We will purchase the home as-is, so you will not need to do any renovations or repairs, and we also cover the closing costs.
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.
Add it all up: you save thousands of dollars by selling TO an investor instead of selling THROUGH an agent. The exception to this idea is if you are someone who has already renovated and upgraded your home, and could easily sell on the market at a high price. If that’s you, then still reach out to us because we can refer you to the best realtor in the mid-South!
Summary
Selling to an investor allows you to sell faster 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.