Hi Maryland Homeowner,
Thanks for stopping by and checking out our 6 factors to that determine the best cash offer on your home.
It’s not uncommon that someone wants to sell their home for cash and often they might not have the time to let it sit on the market for months, or they don’t have the money to take care of all the repairs it might need to get it market-ready. While everyone wants to get the best offer possible, it’s important to know there are a number of factors that can determine the price investors are willing to pay for a home.
Here are 6 factors homeowners should take into consideration when determining the price they’re willing to accept for their home.
1. Reason for Selling
It is often more emotional to sell a home than to buy a home, and the reason for selling your home may be a determining factor in the urgency of the sale. The urgency may also have an effect on the price of the property.
It is essential to take the following factors that can influence the sale of your home into consideration:
- Reason for selling
Although you cannot do anything about the location of your property, it plays a very important part in the marketability of your home. So, it is important to take the following into consideration:
- Is your property priced in relation to other offers in your area?
- What type of neighborhood is your property located in – well-established, up-and-coming, transitional?
- Is your property located in an urban or rural area?
Accessibility can be a major issue that influences the price potential home buyers are willing to pay. Again, you cannot do anything about your home’s accessibility to specific things, but it does play a role in the price of your property. Your agent will work with you to highlight the places of interest that are most accessible to your home.
Here are a few important areas to think about:
- Public transportation
- Main roads
- Shopping centers
- Schools and other educational institutions
- Outdoor areas – public pools, parks, playgrounds
4. The Cost of Selling
It is very important to first calculate the expenses that will be incurred while selling your home. This knowledge is absolutely necessary because it helps you to determine a reasonable price for the house, as well as the potential profit that you can realize.
The cost of selling your home may include things like commission to be paid to the agent, taxes, advertising costs, or specific reports, such as a property inspection.
5. Showing Your Home
Enjoy having strangers over to look through your house while you’re not around? Are you able to vacate the property when and if it’s being shown to prospective buyers?
Plain and simple: You’ll get more a ton more showings if you let agents use a lockbox to show your home rather than force them to make appointments. But that might feel a little invasive and uncomfortable.
Keep in mind that your home will show better if you sell in spring rather than in winter. Also, selling during the holidays will likely result in a lower sales price.
Prepare for an open house but use this approach sparingly. Ask for buyer feedback so you can adjust your price, condition, or marketing campaigns accordingly.
6. Negotiate Requests for Repairs
You don’t ordinarily have to accept a buyer’s request to make repairs, but he can cancel the contract if you don’t. A buyer might accept a closing cost credit instead if you choose not to make repairs. You’re entitled to a copy of the home inspection report if the buyer requests repairs.
If you’re not willing to or don’t have the money to make repairs, you should consider the cost of repairs a buyer will have to pay in order to update the house to new condition.
We understand deciding to sell your home can be a tough one, but we’re here to help regardless of the situation.
If you need to sell your house in or around Maryland quickly whether you’re facing divorce, moving, upside down in your mortgage, avoiding foreclosure, facing liens, we can help.
It doesn’t matter if you live in it, you’re renting it out, it’s vacant, inherited it or not even habitable. We have helped many homeowners just like you who have inherited an unwanted property, own a vacant house, are behind on payments, owe liens, or need to downsize and can’t sell… even if the house needs repairs that you are not ready to pay for, we would like to make you an offer.
If you have a property and need to sell it… we’d like to make you a fair cash offer and close on it when you’re ready to sell.
Give us a call today at (301) 852-9565 or visit our website for more information at https://www.smbpropertysolutions.com
We buy houses in any area, any price, in any condition! There are no commissions or fees, and no obligation whatsoever. Simply call us at (301) 852-9565We look forward to hearing from you! – SMB Property Solutions LLC Team