Do you happen to be looking to sell property in Wichita, the 67201 zip code, or anywhere in Kansas? Then this article will answer the question: “Would an investor buy my house in Wichita for close to asking price? Continue reading for the answer…
When it comes to selling property, you have 2 options:
- You can sell it on the market by stating your asking price and then working with a real estate agent to find a buyer (or to find a buyer yourself).
- You also have the option of skipping the “sell-on-the-market” process and choose to work with a buyer directly (like what we do here at Sell Now Homes Wichita) who can offer you a price for your house.
If you are wondering, “Would an investor buy my house in Wichita for close to asking price?” Here is what you should know:
Why Investors Invest
An investor is someone who invests in real estate because they hope to pay a lower price and sell it at a higher price or rent it out. Therefore, investors are extremely motivated to find homes with affordable prices for them to buy.
Before you consider setting your asking price, think about the benefits investors provide…
Understanding The Asking Price
The asking price you decide on is the starting point of future negotiations. Even if you end up selling on the market (through an agent), your asking price will typically be negotiated for a lower price.
But here is what a lot of people fail to realize: the asking price has many different factors built in… for example, it assumes your property is cleaned up and doesn’t need any fixing, it’s in pristine shape and ready for buyers. And, don’t forget that you are obligated to pay bills, insurance, and taxes on the property the entire time a real estate agent searches for a buyer (which can take months of your time). And then at the end of the deal, you will need to pay your real estate agent a commission of the sale, which could be thousands of dollars.
So, your asking price will have all these things “built into it”.
An Investor Skips All This
When working with an investor, you get to skip all of this. You aren’t required to fix or clean up your property, so that right there saves you thousands of dollars. And, you won’t have to pay bills, taxes, and insurance during the months it would take to find a buyer, so again, that right there saves thousands of dollars. And, you won’t have to pay an agent any commission because you didn’t need one, and again saving thousands of dollars.
Add all of it up: you save thousands by selling TO an investor instead of trying to sell THROUGH a real estate agent.
Selling directly to an investor allows you to sell quickly and avoid all those extra expenses. That is why an investor might not be able to buy property near your asking price. However, the discount you provide them is the money you wouldn’t see anyway while waiting months “gambling” to sell your property on the open market.