Are you thinking about selling your home to a professional home buyer?
Your main concern is probably whether or not you’re going to get a good deal.
No one wants to be low-balled, right?
But how do you know if it’s a good deal?
Well, here are three things you need to consider in order to ensure you’re getting a good deal when selling to a professional home buyer – we’re here for ya.
Determine the Market Value of Your Home
While free sites like Zillow and Redfin offer tools that claim to help you estimate market value of your home, price estimations vary greatly on these sites and tend not be very accurate.
The best way to determine the market value of your home is to look at what similar homes in your area (the closer, the better) recently sold for.
We recommend using a paid site like RealQuest.com because the data is comprehensive.
Think in Terms of Net Rather Than Gross
The market value is helpful to know, but you also have to think in terms of what you would actually net after all the costs and fees if you sold your home through a real estate agent.
If you have a lot of repairs that need to be done on your home, that could get costly. It could also delay the selling process, causing higher holding costs (the costs of maintaining your home while it’s on the market).
More often than not, a real estate investor will make an offer that’s close to what you would net after all the fees and repairs that come with selling the traditional way.
Factor in the Value of the Perks
There are certain perks a real estate investor can offer that real estate agents can’t. Based on your unique situation, you want to consider how much value they have for you.
If you need to sell your home quickly, being able to close as quick as seven days with a cash buyer could be worth a lot.
Or if you’re going through a divorce and just want closure already – rather than people constantly walking through your home and the hassle of handling repairs – being able to sell as-is might be fantastic.
As long as you’re selling to an established, reputable company (check their site for helpful content and testimonials), getting a decent deal shouldn’t be an issue. Truly professional home buyers want to make buying your home a win-win.
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