Are you asking would an investor buy my house in Pensacola for close to asking price? Or what an investor is willing for pay for a house in Pensacola, or in the Pensacola zip code 32501 , or anywhere in Florida? Then this blog post will answer the question, “Would an investor buy my house in Pensacola for close to asking price?” Also we will explain to homeowners what investors are looking for when they are looking to buy houses in Pensacola, Florida or anywhere for that matter. Keep reading to find out the answer…
When it comes to selling your house and wanted to choose which option to take when looking for home buyers, 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 Quality Properties Of Northwest Florida LLC) who can offer you a price for your house.
If you’re wondering, “Would an investor buy my house in Pensacola 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”.
Let me give an example of a client who reached out to me because he was looking to sell his house. He wanted obviously the most money he can and he needed my help. His house worth after repair value 300k, but his houses needs some repairs and updates. I told my client that you have 3 options to choose from and I’m here for you to help you in the best way I can. Whichever option you choose I will be here to help. These are the 3 options I provided him.
1- I can buy your house for 180k in as is condition and I can close in 2 weeks or less. I will pay for all expenses and closing costs, and there will be no realtor commission fee since there’s no agent involve in this transaction.
2- List your house on the market with an agent in as is condition for 220k-230k but you do have to pay closing costs and about 5%-6% in agent commission. It will take 2-6 months to sell or even more with no guarantee that you will get your asking price, because in this market listings get to stick around for a while before the sale takes place.
3- Fix the house before listing and you have to spend about 40k-50k to get the after repair value for 300k. There will be no guarantee that you will get the asking price, but you do have to spend the renovation expense before you list the house for that price.
As a homeowner looking for a home buyer whether listing the house or selling off market, you have to understand that your situation have a big factor on which option is more beneficial to you. For example. If you’re in a hurry to sell fast and looking to move forward because of family emergency, or a sticky situation that you might be in, then, a trusted home buyer in Pensacola, Florida like Quality Properties Of Northwest Florida LLC would be the best option for you.
On the other hand, if you don’t have money to spend on the house for renovations, and you’re not in a hurry to sell, there’s a small chance that you might get a little more or a little less when listing with an agent to sell in as is condition. It’s more like gambling. It could go either way, but it will certainly take a long time to sell, and that wouldn’t be the right option for you if you want move and sell quickly.
The last option is for a homeowner who has a lot of time on his hands, and got the money to invest in the house. therefore, you can spend the money upfront to get the top sale price for the house. Which will take to invest your time and your money to get the after repair value for your house. Hence, real estate investor buy at lower price but they invest their time and their money before they ever collect the profit form selling the houses they bought from homeowners. This is no different for a plumbers, electricians, handymen, roofers, etc.. These professionals charge for their services and their time, and real estate investors charge for their services and time. Whichever option you choose, make sure you choose the option that suit your unique situation.
An Investor Skips All This
When you work with an investor like Quality Properties Of Northwest Florida LLC, you actually skip all of doubts and stress. 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. You save upfront and get a little less on the backend. Or spend upfront to get more in the backend. So, if you’re asking would an investor buy my house in Pensacola close to asking price price?
Let me explain one thing and to be a clear about what to expect if you’re not sure about the condition of your house. Because this will have a big impact on the selling price regardless who is the buyer. We’re not talking about repairs, we’re talking about big damages that can have severe impact on the house value. Damages behind the walls and sheetrock, in the trusses, floor joints, and walls. Do you know what I’m talking about? I’m talking about termite damage if there’s any. This problem can destroy what you would get for your house regardless which option you choose.
If you’re no planning on selling now, make sure you treat your house on a yearly bases with termite treatment to make sure you don’t have to deal with this issue in the future. Protect your house now to get more later.
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.
When you’re thinking would an investor buy my house in Pensacola close to asking price? In some cases yes and sometimes no, it will be based on the condition of the house and what the investor is looking to do with it.
Would an investor buy my house close to asking price?
A quick buyer can be the best thing you’re looking for when selling. Make sure you evaluate you situation to get the best result possible.