Sellers are asking about cash for houses in Kalamazoo – 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, we hope this blog post will help to answer that question.
An Important Definition
Since this blog post will be read by people all over Kalamazoo 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 Kalamazoo
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 as other similar houses in the area; 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 buyer instead of listing their home. Houses sold off the market will often be sold for slightly less than their market price, this is called “below market price.”
At Ryan Buys Houses, we are professional home buyers who buy houses off the market. To learn more about what we do, click here to fill out the form or call us now at (269) 775-4095
Why Would Anyone Accept Below Market Price?
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. But when you sell off the market, you’re often selling to a company that might be investing in your house to turn it into a rental property or to renovate it and sell it.
- Selling on the market usually means the buyer needs financing. Selling off the market, in a private sale, often means that a professional home buying company is willing to pay cash for houses in Kalamazoo. Therefore, 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 costs money and sometimes a lot of money. If your house needs renovations and repairs, you usually must spend money to fix up your house before you sell it on the market. However, when you sell it off the market, such as to a company like us at Ryan Buys Houses, you will be able to sell your house as-is – saving you money and time.
- Selling on the market through an agent will often result in commissions and fees to the agent for the work they did to sell your house. When selling off the market to a home buying company like Ryan Buys Houses there are no commissions, fees or closing costs.
How much can you get for your home? Selling on the market may mean you sell your house for more money, but it takes longer and there are higher costs. 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.
How much will sellers get in cash for houses in Kalamazoo? 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.
We pay cash for houses in Kalamazoo and also offer other options for selling your home. If you are looking to sell, we would like to speak with you to see if we can help! Click here to fill out the form or call us at (269) 775-4095.