Are you looking to sell a house in Kansas City, the [market_zipcode} zipcode, or anywhere in Missouri? Then this blog post will answer the question, “Would an investor buy my house in Kansas City for close to asking price?” Keep reading to find out the answer…
You have 2 options when it comes to selling your property:
- You can sell it on the market by setting an asking price and working with an agent to find a buyer at that price (or list it and try to find a buyer yourself).
- You can skip the whole sales process and just sell it to a direct house buyer such as us here at Green Sparrow Properties.
A question you’re probably asking though is, “Will an investor buy my house for close to asking price”. I know that I would be. Here is the answer.
Why do Investors Buy Properties
An investor is in the business of buying houses to make a profit. They do this by either buying the house low and selling high, or by getting the property rented out. An investor is looking for properties that are priced right to make the business model work.
When you’re looking at the asking price that you’ll offer to an investor, keep in mind that they provide many benefits.
What Asking Price Should You Set?
Whether you decide to sell your home on the open market by yourself or with an agent, the asking price (the price you offer the home for) is a starting point for the negotiations. A buyer will always try to negotiate you lower of course.
What most people don’t realize though is that there are many assumptions baked into an asking price… 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 most people set their asking price too high. They see other similar-sized houses close by sell for an amount and think that their home is worth the same. But they fail to account for all of the added fees that they’ll save by selling direct as well as all of the repairs that are needed to make the properties in pristine or HGTV condition.
So your asking price has all of these things “built into it”.
Selling to an investor skips this
There are a ton of savings to a home seller when selling directly to a direct house buyer. You don’t have to make costly repairs which saves thousands of dollars. You can sell the home very quickly thus saving on insurance, maintenance fees, property taxes etc. which can save thousands of dollars there. You don’t need to pay an agent the crazy high 6% commission just to list your home on the MLS saving you thousands of dollars for sure!
When you add it all up, you save many thousands, often tens of thousands of dollars by selling directly to an investor vs. using an agent.
Selling to an investor saves you a ton of time and money. So while you may not be able to get your asking price, you’ll get a fair price and will be able to move on with you life much faster! 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.