If you are looking to sell a house in Colorado Springs, the [market_zipcode} zipcode, or anywhere in CO, this blog post will answer the question, “Would an investor buy my house in Colorado Springs for close to asking price?” Keep reading to find out the answer…
When it comes to selling your house, you have two 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 Swift Results, Inc.) who can offer you a price for your house.
If you’re wondering, “Would an investor buy my house in Colorado Springs for close to asking price?” then here’s what you need to know:
Why Investors Invest
An investor invests in real estate because they want to buy at a lower price then either sell at a higher price (and make a nice profit) or rent out the property for ongoing income. This means that 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
The asking price is always a starting point for any 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 understand: your asking price has other factors built in… for example, a potential buyer assumes that you have fixed up and cleaned up your property so it’s in pristine shape. And, don’t forget that you continue to 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 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.
Selling to an investor allows you to sell your house fast and with less cost. 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.