4 Home Seller Real Estate Terms to know in 2020
iBuyer, Wholesaling, Investor Sale, & Traditional MLS
Do you need a quick, no strings attached sale of your property? Or do you have the luxury of time to prepare then market your home and wait for a retail cash or qualified buyer to arrive? Read on… 💻
1. Cash sale to an investor/wholesaler.
While not restricted to neglected or damaged properties, it is true that investor sales typically work best with unwanted properties (estate sales, divorces, unwanted rental houses, etc.) with more deferred maintenance than the property owner(s) can or want to cure. 🛠 Things such as bad roofs, rotted siding, dated failing kitchens, bathrooms, flooring or end of life AC units and appliances. Yes this type of sale yields a “below market” price to the sellers YET at the same time the expenses are lower, there are no repairs to do- the property doesn’t even have to be emptied of contents. Closing can be fast- 7-10 days or longer depending on the situation. Wholesalers typically contract these properties and THEN work towards flipping it to investors such as us. The biggest difference is that investors do the hard work of renovating and then renting or selling the property. Improving our city 1 house at a time! We are and represent numerous investors that can help make this sale happen.
This is not an area of our expertise so our comments will be brief. Auctions are a way to try and maximize the net proceeds to a seller in a limited amount of time. The outcome is a bit more nebulous than the other 3 methods, yet in certain circumstances, could yield the property owner more than anticipated. With that said, we have seen auction purchased properties that bring 60% to 95% of traditional sale value. We would be glad to refer an auction company if this type of effort appeals to you. 🛎
3. iBuyer & Guaranteed “safety net” sale
This type of sale has been around for years and is best when the seller has some time (yet not an overabundance) to “try” the market. Basically the Realtor & seller arrive at a mutual purchase price in the event the property does not sell in a certain amount of days using modern marketing methods. Then the effort to sell the house at “market” value begins. iBuyer is a relatively new spin on selling real estate. 🏠 Typically, these buyers are Wall Street funded, large firms that operate more or less as previously mentioned who charge a variety of fees to the seller to complete the transactions. Simply put, we could be considered iBuyer’s as well, except we don’t charge you any fees! We buy homes.
4. Traditional Realtor MLS sale
This tried & true method works best with the average owner occupied homes that have been fixed, freshened and fancied up a bit. Time is not an issue. The property is listed in MLS a market value & is then marketed using modern methods including Multiple Listing, web sites, Facebook, other Internet marketing and oh… yes, even “old fashioned” real estate signs! 🔑
At Bradley & Associates Real Estate, we’d be happy to serve you.
Contact us for a no obligation evaluation to discuss these options with you. 📱