How Much Cash Can You Get For Houses In Roanoke?
Sellers are asking about cash for houses in Roanoke – they want to know how much they will get if they sell a house to a local cash home buyer. If you’re thinking of selling and wondering how much you might get, this post will help to answer that question.
An Important Definition
Since this post will be read by people all over Roanoke (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 cash home buyers pay in Roanoke…
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 that other similar houses in the area have sold for. This is called “market price” or the “retail market”.
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 list their home. Houses sold off the market will often be sold for slightly less than their market price, this is called “below market price” or the “wholesale market”.
You might be reading this and asking, “why would anyone accept below market price, and less cash for houses in Roanoke 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 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 will pay cash for the house in Roanoke. (That’s why some people prefer to sell off the market – they don’t want to wait for the buyer to get financing; they want to know they’ve sold the house right away).
- Selling on the market actually costs money… sometimes 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 Cross Properties, Inc., you will be able to sell your house as-is – saving the money (and the time and hassle).
- Selling on the market through an agent will often result in commissions and fees to the agent for the work and marketing costs they paid to sell your house. But selling off the market to a home buying company like Cross Properties, Inc. usually means no commissions or fees or closing costs. Click Here to compare the costs of selling on the market vs. selling off the market.
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 market may mean you sell your house for below market price but it’s faster and there are no expenses or fees.
So, how much will sellers get in cash for houses in Roanoke? 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.