If you avoid the traditional home selling method, i.e. selling with help from a realtor, you’ll be able to sell a house fast in Phoenix and without encountering a ton of hassles along the way. Selling the traditional way is enticing at first, but once you realize what’s involved, it’s likely you’ll think twice.
If time is of the essence, the best option is to sell your home to real estate investors in Phoenix. But before you do this, it’s likely you’ll ask: how much an investor will pay for your home, how they calculate their offer, and what you can do to boost their offer.
Below, we answer these questions and provide other relevant information.
What Is A Real Estate Investor & How Do They Buy Homes?
A real estate investor, otherwise known as a cash home buyer in Phoenix, is an individual who purchases distressed properties and flips them for a profit; you could also encounter a team of professionals doing this. An investor might hold on to a home to make passive income by renting it out or they’ll sell it ASAP after making renovations.
The biggest advantage associated with selling a home to a real estate investor is that the home-selling process is quick and you don't have to go through a lengthy and stressful process, one that involves listing, showings, etc. to make a sale.
It’s customary for a real estate agent to charge 6% of the sale price in commission. When you sell to real estate investors, on the other hand, you do not have to pay an agent commission or closing costs.
All you have to do is contact a trusted cash home buyer. They’ll quickly inspect your property and then provide a free cash offer. If the offer interests you, accept it and the closing process will begin right away.
But if you’re selling to a cash buyer, you need to be prepared to accept a lower price. After all, the buyer has to factor in necessary repairs and other costs before presenting an offer.
So does this mean a seller can’t profit from selling to a real estate investor? Of course not! Let's take a closer look at how you can profit from selling your home to a real estate investor.
How Much Do Investors Pay For Houses In Phoenix?
Usually an investor will pay anywhere from 50% to 85% of the home's market value. The average is around 65%. The amount an investor pays for the home depends on several factors, such as:
· The home’s condition
· The desirability of the property (location, real estate inventory available in the neighborhood, etc.)
· The type of investor (house flipper, iBuyer , buy-and-hold investor, etc.)
Why Are Investor Offers Lower Than Market Value?
You've got to understand that investors have only one goal—to make a profit when reselling the home. They usually buy properties at low prices so achieving a profit isn’t all that hard, even if numerous repairs are needed.
Even if you’re getting a lower price for your home, it may still be a viable option because:
· You’re facing foreclosure.
· You inherited the home and you want to get rid of it.
· You want to move quickly and without hassles.
· You’re going through divorce.
How Do I Get The Most When Selling To An Investor?
Get in touch with multiple investors and compare offers. Shopping around like this will definitely help you get a fair price. Remember that cash buyers assess properties differently, so one may see your home as more valuable whereas others think it’s barely worth their time. See why comparing offers is key?
Author Bio:
Go Fast Offer is an experienced and trusted local cash home buyer in Phoenix. Contact them to get a fair cash offer on your home. They promise quick closing and no hassles. Avoid commissions and closing costs too. Visit https://www.gofastoffer.com/ to get started.
