Short answer is YES! But you need to read to see how.
Are you looking to sell a house in Dallas, the [market_zipcode} zipcode, or anywhere in Texas? Then this blog post will answer the question, “Would an investor buy my house in Dallas for close to asking price?” Let’s find out the answer…
When it comes to selling your house, 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 Higher Home Buyer) who can offer you a price for your house.
If you’re wondering, “Would an investor buy my house in Dallas for close to asking price?” then here’s what you need to know:
Why Investors Invest
Real estate investors are often motivated by the desire to buy properties at a lower price and then sell them for a profit or generate rental income. As a result, investors typically seek out properties that are priced affordably to make their investment financially viable. By purchasing properties that are priced below market value, investors can increase their chances of earning a profit from the investment. This may involve identifying properties that are distressed or in need of repairs, negotiating with motivated sellers, or identifying undervalued properties in up-and-coming neighborhoods.
At Higher Home Buyer we offer something different. We can purchase properties at asking price or even higher than asking price. Let’s see how.
Understanding Value vs Price
Understand your asking price is a starting point for the negotiation. Your house will have a calculated value to an investor. Due to the reasons noted above an investor will never give a cash offer at your asking price. It just doesn’t make financial sense to the investor. Therefore your question needs to be expanded to, Would An Investor Buy My House for close to asking price if I negotiated terms?
Before we talk about terms, understand that the value an investor such as Higher Home Buyer brings to the table is a guaranteed and quicker than traditional closing. Also, the house is purchased as-is so you don’t have fixed up and cleaned up your property making it ready for agents and their 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 in this market). And then you’ll have to pay the agent a commission, which might be thousands of dollars.
Now let’s talk terms.
Terms
When you work with an investor, you actually skip a lot of time-wasting steps and get right to the juice. If you want your asking price then terms such as seller financing or loan assumption, also called a purchase subject to the existing loan terms, is required. Seller finance means we will be paying you a monthly payment for the property based on the rental rates in the area. Loan assumption or subject to means you will leave the current mortgage in place and we will simply take over the payments. Closing always goes through a title company to make everything legal and official. There are also contracts and third-party companies put into place to protect you as the seller, making sure you receive your payments and/or making sure the mortgage gets paid.
Summary
Selling to an investor allows you to sell faster and avoid many expenses. An investor like us might not be able to buy a house near your asking your price in cash. However, if you are open minded about terms then we can always come up to your asking price.
Do you want to sell your house fast in Dallas?
If you’re looking to sell fast, get a fair all-cash offer from us. Just click here now to fill out the form or call our office at (214) 225 - 9225.
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