When this article was written in early October, 2023, it continues to be a seller’s market. Low inventory has been driven by higher (than recent) interest rates that deter many people from selling their home. If owners with a 3% interest rate sell and buy a new home with an 8% interest rate they won’t be able to buy the same amount of house with their equity. This keeps more sellers in place. Because inventory is generally low, this tilts many listings in favor of sellers that are selling. However, many experts predict the end is near for this strong seller’s market. Locking in a deal with an investor now takes advantage of a potentially higher price than you may get if the market turns south.
So why should a seller still consider utilizing an investor/cash buyer to sell their home? First, the rate of traditional deals falling apart is at a very high level of 20% right now. Starting over even once usually puts less money in the seller’s pocket with longer hold times and usually a lesser sales price. Lose two deals and a stigma may be attached to the listing which can really hurt the amount you get or the ability to sell it at all. Next, when it’s a strong seller’s market investor offers go up too. Yes, every investor needs to find a way to make a profit somehow on buying a home. But, as the market goes up, investor offers go up too and you may be able to negotiate with them more. Finally, enjoy all of the benefits of skipping the traditional hassles of selling a home on the market. At Direct Property Buyer, they’ll buy your home with only one visit to your home, buy it totally “as is”, pay with real cash, and pay for your closing costs. Compare this with buyer inspections, renegotiation, appraisals, and buyers getting cold feet which happens in all markets. Of course selling directly to an investor isn’t for everyone and many people still choose to list their home with a Realtor. But, if there’s any reason that a seller may want to avoid listing, asking for a free offer from an investor may be a good choice.
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AuthorEric Strung and Direct Property Buyer Team Archives
January 2024
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*Members of Direct Property Buyer have real estate licenses held by Spartan Residential.
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