May 14, 2020 / By mikerbrady
Considering selling your house in Virginia Beach, VA? Then you’re likely also considering all of the costs involved in doing it. Selling your house on the open market might be what many people do but it comes with all kinds of costs. Pre-listing costs, staging costs, cleaning costs, and marketing costs, just to name a few. And when you do sell your house you’ve got to pay real estate agent commissions and closing costs. When you add everything up, it’s enough to make you wonder if you’ll be able to walk away with any money in your pockets at all.
However, there are alternatives when selling your house that can severely cut down on the costs involved. When you sell your house as-is to a home investor like Avante Home Buyers, you’re eliminating many of the built-in costs of the home buying process but also saves you lots of time. If you’re looking for home investor reviews, there are easy ways to see who to work with as well. Here are seven reasons you should work with reputable home investors in Virginia Beach.
Assuming you are represented by a real estate agent in Virginia Beach in order to sell your house, they are going to take a commission fee for helping you. That fee usually ends up being around five or six percent of the final sale price, depending on where you live and who you work with. So if you sell your house for $300,000, the agent will take around $15,000 to $18,000 to split with the buyer’s agent. That’s a large chunk of money, even if your sale price ends up being less than that. When you sell your house to a home investor, you avoid any kind of commission fee because the transaction doesn’t require a real estate agent. There are no middlemen or third parties involved in the transaction, just you and us.
Even if you’ve done a good job maintaining your Virginia Beach house, if you sell it on the open market you’re probably going to need to make some repairs in order to appeal to buyers. You can put off repairs and damage while you live there in order to deal with it later, but that won’t fly for buyers considering whether or not to buy the house from you. You’d have to pay a few hundred for a pre-inspection report to identify any potential repairs or damage that you’ll need to fix or have good answers for. You may find that the repairs you need to make are simple but you might also find out about major damage you didn’t know about, such as mold or water issues. As for the costs involved with repairs, that can range from a few bucks to thousands, depending on what needs to be done.
The best part about selling to a Virginia Beach home investor is that you’re selling the house as-is. No need to make any repairs. No need to fix anything. No need to even clean up the house. We will buy the house in its current condition for cash and not require anything else from you.
If you sell a house on the open market, you have to appeal to the widest set of potential buyers, many of whom have a different style to you. A home staging company makes your house look as appealing as possible for the widest audience. That means everything from rearranging furniture to bringing in new furniture to altering your home decor. Costs involved often range between $2,000 to $3,500. People pay it because a large number of people in real estate say it makes a difference and helps a house sell faster on the open market. But when you sell directly to a professional home investor like Avante Home Buyers, you don’t need to stage your house. We will buy it as-is, no need to change anything.
Listing your house on the open market means getting a strong listing and you need professional photos to make your listing pop. The difference between pro photos and amateur photos is staggering, so it’s always worth the money to get your house photographed in a way that showcases its positives and accentuates all of the interesting angles. Of course, when you sell to a cash buyer, you don’t have to worry about any of that. They don’t need to be wowed by great photos, they’re interested in the potential of the property and are happy to but your house in its current condition.
Making sure your Virginia Beach house is ready to sell on the open market isn’t just about making sure the inside looks good. It also means making sure the exteriors look as good as possible as well. Curb appeal is absolutely critical when you’re listed on the open market because you never know when a potential buyer might stop by or drive past. That means painting, landscaping, repaving, new fencing, or any number of other things. You’d want to hire professionals to do the best job possible. Depending on who you hire, you’re looking at anywhere from a few hundred and as much as a few thousand dollars. You don’t have to do any of that when selling to a home investor because they buy your house in its current condition.
When you enter into negotiations with a buyer on the open market, you’ll often find that there is a give and take involved. While seller concessions aren’t a “cost” in the traditional sense, they are things that you give away that cut into your profits from the eventual sale. They include things such as paying for inspection fees or title costs, waiving certain fees, and lowering the price in order to agree to a quick sale. It’s hard to say how much these concessions will impact your bottom line but if you’re selling your house in a buyer’s market you can expect to make plenty of concessions. There are no concessions when you sell your Virginia Beach house directly to a home investor because there are no negotiations like Avante Home Buyers. We make you an offer and if you accept, we will give you cash. That’s it. No back and forth negotiations needed.
Closing costs vary but almost always include insurance fees, appraisal fees, survey fees, credit report fees, transfer taxes, and title fees. Then there are issues such as loan payoffs, prepayment penalties on previous mortgages, and HOA dues, amongst others. Per Finder, Virginia closing costs average around $5,900 after taxes, which comes out to around two or three percent of the sale price. That’s a lot of money.
You don’t have to worry about many of those costs when you sell your house to a professional home investor like Avante Home Buyers. So many of the things that make up closing costs don’t apply in this kind of home sale. You don’t have to worry about title fees or transfer taxes as they’ll get sorted out as part of the transaction. It’s easy, simple, fast, and puts cash in your pocket right away. Contact us today to start the process of selling your house to a trusted home investor now.
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