Are you looking to sell a house in Miami, the [market_zipcode} zipcode, or anywhere in FL? Then this blog post will answer the question, âWould an investor buy my house in Miami for close to asking price?â Keep reading to find out the answerâŚ
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 âsell-on-the-marketâ process and just work with a buyer directly (like what we do here at The Sell Fast Center) who can offer you a price for your house.
If youâre wondering, âWould an investor buy my house  in Miami for close to asking price?â then hereâs 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 providesâŚ
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 hereâs what most people donât realize: the asking price has other factors built in⌠for example, it assumes that you have fixed up and cleaned up your property so itâs in pristine shape and ready for buyers. And, donât forget that 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 youâll have to pay the agent a commission, which might be thousands of dollars.
So your asking price has all of these things âbuilt into itâ.
An Investor Skips All This
When you work with an investor, you actually skip all of this. You donât have to fix up or clean up your house so you can save thousands of dollars there. And, you donât 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 donât have to pay a commission because no agent was used, so you save thousands of dollars there.
Add it all up: you save thousands of dollars by selling TO an investor instead of selling THROUGH an agent.
Summary
Selling to an investor allows you to sell faster and avoid all those expenses. Thatâs why an investor might not be able to buy a house near your asking your price. However, the discount you might provide them is money you wouldnât see anyway while you wait months and âgambleâ to sell your house on the open market.