Have you been thinking about selling your house in Knoxville, the 37919 zip code, or anywhere in Knoxville, TN for that matter? Stay tuned, this insightful article will answer the question, “How likely is it that a real estate investor would buy my house in Knoxville at or near my asking price?” Well, let’s find out…
Pondering which options are best suited to you when it comes to selling your home:
- One option is to contact a realtor who will hopefully bring a buyer who’s willing to pay your asking price. Another option is to sell it on your own i.e Zillow, Craigslist, etc.
- The best option however is to avoid the “I’ll sell it on my own” process and just work with a buyer directly (like what we do here at East Tennessee Home Buyers LLC) we can offer you a guaranteed price for your home & a guaranteed closing date!
The first thing that goes through a sellers mind when selling on their own is, “Would a real estate investor actually purchase my house in Knoxville at or near my asking price?” Let’s explore what you should to know:
Why Investors Invest
This may seem obvious but the short answer is to make money. A majority of real estate investors including we buy houses Knoxville buy at a lower price and either sell at a higher price or rent out the property. Some investors investors look for houses that best suit their potential for long term tax benefits.
Understanding the benefits East Tennessee Cash Home Buyers provide…
Understanding The Asking Price
Negotiation and the price you’re asking for your home go hand in hand. If an agent brings you a buyer, the agent will almost always submit a lower offer than the asking price. This is when the back and forth relationship of negotiation begins.
Here’s the lowdown on the asking price: If the asking price is retail, then your home should look the part. Has it been recently updated? have all the necessary repairs been completed? does the kitchen have stainless steel appliances? In short, is your home modernized? Curb appeal is vital! Are their weeds growing in the flower bed? You’re home should be in pristine shape if any potential buyer is going to offer you retail. Another thing to remember is ongoing expenses. You will still have to pay bills like 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.
You’re asking price should be inclusive to cover all of the above!
An Investor Skips All This
When you work with cash home buyers near me, you can forgo all of this. You won’t have to update or make repairs because locally trusted home buyers we buy houses Knoxville will purchase the property in “as-is condition so you can save thousands of dollars there. In addition 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.
Do the math: you save thousands of dollars by selling TO we buy houses Knoxville instead of selling THROUGH an agent.
Selling to companies like East TN cash home buyers 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.