How Much Cash For Houses In Indianapolis Can You Get?
When it comes to selling your house, you are probably wondering how much money you can get
Homeowners and landolrds are asking about cash for houses in Indianapolis – they are interested to figure out how much they will get if they sell their house. If you are here you are probably 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 will be read by people all over Indianapolis (and surrounding areas), with all kind of price points reflected throughout the area, it’s difficult to write about a specific dollar figure. However, over here we would like to kind of give you a thumb rule so that will help you understand how much buyers paying cash for houses in Indianapolis…
On The Market: What does it mean selling a house “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 course, you have to compare apples to apples and make sure you are compaing a 3 bedroom house to similar 3 bedroom house.
Off The Market: What does it mean selling a house “off the market”, that usually means the homeowner has decided to sell their home directly to a buyer instead of list their home with a realtor, meaning put the property on the market. Houses sold off the market will often be sold for slightly 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 Indianapolis 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. But when you sell off the market, you’re often selling to a real estate investment company that might be investing in your house for two main purposes: 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 will to pay cash for houses in Indianapolis. (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… and you’d be surprised because sometimes it might cost a lot of money. If your house needs renovations and repairs, you usually have to 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 Fair Indy Offer, you may be able to sell your house as-is – saving the money (and the time and hassle). A lot of time property owners spent the time money and efforts to get top market price and they end up selling way below the original listing price.
- 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. But on the other side, selling off the market to a home buying company like Fair Indy Offer usually means no commissions or 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 costs more; selling off the marketf according what was said in the above, may mean you sell your house for below market price but it’s faster and there are no expenses or fees. Just fast and easy process.
So, how much will sellers get in cash for houses in Indianapolis? 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.