If you want to sell your house fast, is it better to sell to a retail buyer—someone buying a home to live in it themselves—or a company buyer like MarketPro Homebuyers? Let’s look at how these two options compare in four main areas: repairs and updates, speed, stress, and money.
1: Repairs and updates.
If you’re listing your home on the market, you’ll likely have some repairs to do before listing, even if your home is in good condition. This can take significant time and money, especially if they’re larger repairs you can’t do yourself. With a distressed home, this is even more true. Listing without repairing a distressed home is a gamble that it won’t sit on the market waiting for that imaginative buyer that is willing to take on the projects that need to be done. If you do make the repairs you could sink significant money into the home and not get that money back in the final sales price.
In addition to repairs, updates are necessary to be competitive now since the market has slowed. Most retail buyers want a move-in ready home with some nice upgrades. They don’t want to have to update within the first few years of ownership. The problem from the selling side is that many upgrades do not have a great return on investment (ROI).
When you sell to a company homebuyer, repairs and upgrades aren’t necessary. At MarketPro Homebuyers, we buy as-is, whether the problems are major or minor.
Homes are currently spending an average of 75 days on the market before selling. This means that—when you add in the time needed to prepare your home for the market with repairs and upgrades, cleaning, staging, and marketing—the whole sales process will likely take multiple months. You can count on at least 3-6 months, or even longer if your home is distressed.
When you sell to a company homebuyer, things move much faster. At MarketPro, for example, we can do a same day appointment with an instant cash offer. We don’t have to wait for any financing to go through since we pay cash, and you get to choose the closing date that fits your schedule. You can close in less than a week, if you choose.
With all the extra steps to sell to a retail homebuyer—the repairs and upgrades, preparations, waiting for an offer, waiting for financing to go through, and more—you can imagine that it’s a significantly more stressful process. So much can go wrong in the process. Financing can fall through, buyers can change their minds, and major problems can be discovered during the inspection.
When you sell to a company homebuyer, all that stress is removed. Some homebuyers like MarketPro can even help you pack, organize, declutter, and move. MarketPro clients find selling their home to be an easy, stress-free process.
Clearly, company homebuyers are the easier, fast option, but what about the financials? Can you still get what your house is worth when you sell to a company homebuyer?
You absolutely can. While retail homebuyers might offer a higher price, you need to take into account all the money you have to put into that sort of sale—the repairs, updating, staging, and marketing. When you work with a company homebuyer, you not only avoid those costs but you also avoid large commissions and fees. If you sell on the market for $200,000, for example, you’ll have to subtract about $12,000 off that price to pay commissions. When you sell to MarketPro, there are no commissions or fees.
When you look at these comparisons, it’s easy to see that a company homebuyer is the better option—especially if your house is distressed. You may wonder, though, if your house truly qualifies for a fast sale. You may ask:
Can I sell my house fast if it needs a new roof?
Can I sell my house fast if I don’t have time to organize and declutter?
Can I sell my house fast if it has extensive HVAC issues?
The answer is yes—to all of the above! We truly do take homes as-is, in any condition.
Work with MarketPro:
We’ll give you a fast cash offer for your current home just as it is now; no repairs, no upgrades, no inspection, no commissions or fees. You can even choose your exact closing date. Our team will walk you through your quote, including a review of what your home would likely bring on the open market.
If you’re in Washington, D.C., Maryland, Virginia, Pennsylvania, or Tampa Florida we’d love to show you how easy and stress-free the sales process can be. Contact us today for a same-day, no-pressure quote.