Are you looking to sell your property located in Mastic or any other area within New York? If so, this blog post will attempt to answer the question, “Would an investor be interested in purchasing my house for a price near its listed value?” Continue reading below to find out!
When it comes to selling your house, you have a couple of options. You can sell it through traditional means, usually involving a real estate agent or broker, or you can sell it directly to an investor. The latter option is attractive for several reasons: you don’t have to pay a commission, and the entire process will generally be much quicker than going through more traditional methods.
So what about selling your house at its listed value? Generally speaking, an investor is looking for properties they can buy at discounted prices in order to make a profit when they resell them. That’s how most investors make money. It’s more likely that an investor would not be willing to purchase your property at its asking price—especially if the market is hot and there are other prospective buyers offering higher bids.
If you’re curious about whether or not an investor would buy your house in Mastic for close to asking price, here’s what you need to know:
Why Investors Invest
By investing in real estate, you’re hoping to buy low and sell high, or bring in extra income through renting. Because of that, an investor is always on the lookout for affordable properties.
Before you set your asking price, think about the potential value an investor will bring to the table, and act accordingly.
Understanding The Asking Price
Usually, the asking price is just a point to start negotiating from. If you use a real estate agent to help sell your house, they will usually take this number as a starting point and try to talk the buyers down to save money.
What many people don’t take into account is that the asking price has additional charges included in it, such as for repairs or cleaning before putting it on the market. What’s more, you have to factor in that bills, insurance, and taxes on your property still need to be paid while an agent tries to sell it, which could take a few months. Once they find a buyer, you also have to pay your real estate agent a commission, which might amount to thousands of dollars.
Your asking price should be based on all of these factors.
An Investor Bypasses All Of This
When you choose to work with an investor, you save money in three ways.
No need to fix up anything
Firstly, there’s no need to fix up your home—instantly tossing out thousands of dollars in costs.
Say goodbye to bills or insurance
Secondly, you don’t have to pay bills or insurance for months while waiting for a buyer. Thirdly, because no agent is involved, there’s no commission fee to be paid. All this results in saving huge amounts of money!
To sum it up, you can save thousands of dollars by selling to an investor instead of going through the process with an agent.
Summary
By selling to an investor, you are not only able to sell quickly but also avoid extra expenses. That may mean the price an investor quotes for your house may be less than the asking price. It may be disappointing, but remember that selling on the open market runs the risk of taking months to sell, and the final price you get may not even be as high by then. Ultimately, it’s up to you to decide what is best for your particular situation. We hope this article has been helpful in understanding the process of selling your house and how an investor might be interested in purchasing it near its listed value.
Looking To Sell Your Home Quickly In Mastic?
Get a quick, fair all-cash offer for your Mastic home from Local Investor by clicking here now to fill out the form, or calling our office at (516) 530-8954. We can usually make an offer within days and close according to your timeline.
We look forward to helping you find the best solution for your situation.
