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We Buy Houses | Daniel Prado Properties
If youâre thinking about selling your house, hereâs how much money you can get
Sellers are asking about cash for houses in thier area â they want to know how much they will get if they sell their house. If youâre thinking of selling and wondering how much you might get, this blog post will help to answer that question.An Important Definition Since this blog post will be read by people all over, with various price prices reflected throughout their area, itâs difficult to write about a specific dollar figure. However, hereâs an important concept that will help you understand how much peoplepay cash for houses in your areaâ¦
On The Market: When a house sold âon the marketâ, that means itâs usually listed by a real estate agent and sold after several potential buyers have seen the property and at least one has made an offer. Houses sold on the market will often be sold for approximately the same amount that other similar houses in the area have sold for. This is called âmarket priceâ.
Off The Market: When a house is sold âoff the marketâ, that usually means the homeowner has decided to sell their home directly to a buyer instead of list their home. Houses sold off the market will often be sold for slightly less than their market price, this is called âbelow market price.â
You might be reading this and asking, âwhy would anyone accept below market price, and less cash for houses than others?â Thatâs a good question but thereâs more to the story:
- Selling on the market usually means youâre selling it to a person who will choose to live in the house. Theyâre buying the house for themselves and their family. But when you sell off the market, youâre often selling to a company that might be investing in your house to turn it into a rental property or to renovate it and sell it.
- Selling on the market usually means the buyer needs financing. Selling off the market, in a private sale, often means that a professional home-buying company is willing to pay cash for houses in your area. (Thatâs why some people prefer to sell off the market â they donât want to wait for the seller to get financing; they want to know theyâve sold the house right away).
- Selling on the market actually costs money⦠sometimes a lot of money. If your house needs renovations and repairs, you usually have to spend money to fix up your house before you sell it on the market. However, when you sell it off the market, such as to a company like us at [company], you may be able to sell your house as-is â saving the money (and the time and hassle).
- Selling on the market through an agent will often result in commissions and fees to the agent for the work they did to sell your house. But selling off the market to a home buying company like Daniel Prado Properties usually means no commissions or fees or closing costs.
So, how much will sellers get in cash for houses in your area? It depends on how you sell â on the market or off the market... and that is determined by how quickly you want to sell and how much time and money youâre willing to invest to sell.