How Much Cash For Houses In Gainesville Can You Get?
If you’re getting ready to sell your house, here is some insight as to how much money you can get
Sellers are asking about cash for houses in Gainesville – they want to know how much they will get if they sell their house. If you’re wanting to sell and trying to figure out how much you could get, this blog post will help give you a better idea.
An Important Definition
Since this blog post could be read by people all over Gainesville (and surrounding areas), with various home prices reflected throughout our community, it’s very challenging to write about a specific dollar amount. However, here’s an important distinguishing factor that will help you understand how much people pay cash for houses in Gainesville…
On The Market: When selling a house “on the market”, this means it’s usually listed by a real estate agent and hopefully sold after several potential buyers have seen the property and at least one of the home buyers has made an offer. Houses sold on the market are often sold for approximately the same amount that other similar houses in the area have sold for. This is referred to as “market price”.
Off The Market: When selling a house “off the market”, this usually means the homeowner has chose to sell their home directly to a buyer instead of listing their home with a real estate agent. Houses sold off the market will typically be sold for less than their market price, referred to as “below market price.”
You might be reading this and asking, “why would anyone accept below market price, and less cash for houses in Gainesville than others?”
That’s a great question and here are some things to consider:
- More often than not, selling on the market usually means you’re selling it to a person who will choose to live in the house. As expected, they are buying the house for themselves and their family to live in. Alternatively, when you sell off the market, you’re often selling to a company or individual that is likely investing in your house to convert it into a rental property or to renovate it and sell it.
- In addition, selling your house on the market usually means the buyer needs financing. Selling off the market in a private sale, usually means that a professional home-buying company would pay cash for houses in Gainesville. (This explains why some people prefer to sell their house off the market – they don’t want to have to wait for the seller to get financing; they want to be rest assured that they’ve sold the house as quickly as possible).
- Selling on the market costs money… sometimes a lot of money. If your house needs remodeling and repairs, you usually have to spend money to renovate your house before you list it on the market. Alternatively, when you sell it off the market, such as to a company like us at Sell My House FL, you have a better chance to sell your house as-is – saving the money (and the time and hassle).
- Selling on the market through an agent usually results in commissions and fees to the agent for the work they did to sell your house. However, selling off the market to a home buying company like Sell My House FL usually equates to no commissions or fees or closing costs which can be more attractive for some people.
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, provides less convenience, and requires more costs; selling off the market may mean you sell your house for below market price but it’s much faster, a lot easier, and there are no expenses or fees.
To conclude the answer to the question, how much will sellers get in cash for houses in Gainesville? It depends on how you sell – on the market or off the market… and that is determined by how fast you want to sell and how much time and money you’re willing to invest to sell your house.