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 Express Homebuyers) who can offer you a price for your house.
If you’re wondering, “Would an investor buy my house in the Washington DC market 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.
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 to move right in. And, don’t forget 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 is typically 6% of the sales price and equivalent to thousands of dollars.
All of these factors are built into your asking price.
An Investor Skips All This
When you work with an investor, you actually skip all of these factors. You don’t have to fix anything or even clean your house so you can save thousands of dollars there. You don’t have to pay bills, taxes, and insurance over the months you’re waiting for a buyer to appear, so you save thousands of dollars there. And, you don’t have to pay commission to a real estate agent, so you save thousands of dollars there.
Add it all up. You can save tens of thousands of dollars by selling TO an investor instead of selling THROUGH an agent.
Selling to an investor allows you to sell faster and avoid all those above-mentioned expenses. That’s why an investor might not be able to buy a house for exactly your asking price. However, the discount you provide them is money you would spend anyway when you wait months and gamble on selling your house on the open market.
Do you want to sell your house fast in the Washington DC metro area? Call Express Homebuyers at (877) 804-5252 today to get a fair, all-cash offer. Or fill out the form below.