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Buy My House in Philadelphia
Are you looking to sell a house in Philadelphia or anywhere in Pennsylvania? Then this blog post will answer the question, “Would an investor buy my house in Philadelphia for close to the 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 when selling a house and then working with a licensed realtor to try and find a buyer (or trying to find a potential buyer yourself).
- You can skip the “sell-on-the-market” process and work with cash home buyers directly (like what we do here at 215-359-6090) who can offer you the highest cash offer when purchasing a house!
If you’re wondering, “Would an investor buy my house in Philadelphia for close to the asking price?” then here’s what you need to know:
Why Investors Profit from Investments
Investors profit from real estate investments because they buy a property at a lower price and either sell the home at a higher price or hold the home as a rental property to generate monthly income. Therefore, investors are motivated to find houses that are priced affordably for them to purchase.
Before setting your asking price, consider what benefit a real estate 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 most people don’t realize that the asking price has other factors built-in; for example, it assumes that you have conducted home maintenance and cleaned up your property, so it’s in pristine shape and ready for buyers. And don’t forget that you must pay bills, insurance, and property taxes; the entire time an agent attempts to find a buyer (which can take months). And then you’ll have to pay the agent a commission for their real estate services, which might be thousands of dollars. So, your asking price has all of these things “built into it.”
An Investor Skips All This
When you work with an investor, you skip all of this. You don’t have to fix up or clean up your house, so that 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 additional thousands of dollars there!
Add it all up: you save thousands of dollars by selling TO an investor instead of selling THROUGH an agent.
Selling property to an investor allows you to avoid real estate marketing & expenses. That’s why an investor might not be able to purchase a house for your asking price. However, the discount you might provide them is money you wouldn’t see anyway while you wait months and “gamble” to sell my house on the open market.