How Much Cash For Houses In Auburn Can You Get?
If you’re thinking about selling your house, here’s how much money you can expect to walk away with
When someone is looking to sell a property in Auburn the biggest concern for the seller is usually about price – they want to know how much they will get if they sell their house. If you’re 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 may be read by people all over Auburn (and surrounding areas), with various prices reflected throughout the area, it’s difficult to write about a specific dollar figure. However, here’s an important concept that will help you understand how much people pay cash for houses in Auburn . There are basically two types of ways a house is sold…
On The Market: When a house sold “on the market”, that means it’s 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 “market price”.
Off The Market: When a house is sold “off the market”, that usually means the homeowner has decided to sell their home directly to a private buyer instead of list their home with an agent. Houses sold off the market will often be sold for less than their market price, this is called “below market price.”
You might be reading this and asking, “why would anyone accept below market price, and less cash for houses in Auburn than others?”
That’s a good question but there’s more to the story:
- Selling on the market usually means you’re selling it to a person who will choose to live in the house. They’re buying the house for themselves and their family not as an investment. But when you sell off the market, you’re often selling to an investor that may be investing in your house to hold it as a rental property or to renovate it and sell it.
- Selling on the market usually means the buyer will need to get financing. Obtaining financing can be challenging for many potential buyer’s which can lead to delays in the process. Selling off the market, in a private sale, often means that a professional home-buying company is willing to pay cash for houses in Auburn . (That’s why some people prefer to sell off the market – they don’t want to wait for the seller to get financing; they want to know they’ve 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 can sell it on the market. However, when you sell it off the market, such as to a company like us at Lucas homebuyers, you will be able to sell your house as-is – saving the money (and the time and hassle).
- Selling on the market through an agent will 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 Lucas homebuyers usually means no commissions or fees or closing costs.
How much can you get for your house? Selling on the market may mean you sell your house for more money but it takes longer and costs more; selling off the market may mean you sell your house for below market price but it’s faster and there are no expenses or fees.
So, how much will sellers get in cash for houses in Auburn ? It depends on how you sell – on the market or off the market… and that is determined by how quickly you want to sell and how much time and money you’re willing to invest to sell.