Are you looking to sell a house in Northern Kentucky, the 41011, 41017, 41018, or anywhere in else in NKY? Then this blog post will answer the question, “Would an investor buy my house in Northern Kentucky for close to asking price?” Keep reading to learn more.
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 We Buy NKY Houses) who can offer you a price for your house.
If you’re wondering, “Would an investor buy my house in Northern Kentucky 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. It’s pretty simple. Investors want to make a profit. Pretty much everyone we meet with about selling their home understands this. They know if they want to sell fast for cash, they need to account for an investor’s profit margin. The question is – will that number work for you?
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. Plus, you’ll need to account for other expenses that give you your net sale 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. And, don’t 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 you’ll have to pay the agent a commission, which might be thousands of dollars.
So your asking price has all of these things “built into it”.
When we come to offer a price on your home, we can also create a “net sheet” for you, so you understand the difference in selling options. We are totally open and honest with our numbers.
An Investor Skips All This
When you work with an investor, you actually skip all of this. You don’t have to fix up or clean up your house so 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 thousands of dollars there.
Add it all up: you save thousands of dollars by selling TO an investor instead of selling THROUGH an agent.
But it all depends on what is best for you and your situation.
Selling to an investor allows you to sell faster and avoid all those expenses. That’s 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 wouldn’t see anyway while you wait months and “gamble” to sell your house on the open market.