Selling a house in Sacramento, or anywhere for that matter, is a process. Whether it is to an investor or a conventional buyer, everyone is going to have their own requirements. Everyone will want to see the value. What that really means is that it’s making sure that the house, its location, its age, its condition and its price align with the expectations of the buyer. The last thing that any seller wants is to have your house sit without any interested buyers because your expectations were unrealistic.
Likewise, in order for an investor to really be interested, there has to be an opportunity that your house presents above any others others being considered. The notion that real estate investors in Sacramento are different than any other buyers in Sacramento is preposterous. In this post we will look at the real conditions that answer the question “Would an investor buy my house in Sacramento for close to asking price?”
Above all else buying and selling houses is a dynamic that matches the expectations of the buyer and the seller. Like any other sales transaction there needs to be value proposition that benefits both the buyer and the seller. In layman’s terms, no matter what I offer, if it is not in alignment with what the sellers expectations are, there is very little chance that I am going to buy that house.
So how in this sellers market do we get on the same page? It’s pretty simple. One or both of us need to give and take until there is a meeting of the minds. In real estate it is called the negotiation and it happens everyday.
But there are many more options and demands that a seller can have that exclude layers of buyers from the market.
Sellers can sell their house wanting the following;
- As is with no repairs
- all cash with no financing
- no VA or FHA Financing
- Conventional Financing only
- No updates or Credits for Repairs
- No Credits for closing cost
- Buyer pays all closing cost
So when it comes to the sales and marketing of a house you have three 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 Westbrook REI) who can offer you a price for your house.
If you’re wondering, “Would an investor buy my house in Sacramento 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. 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 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 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”.
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.
Would An Investor Buy My House In Sacramento
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.