Thursday, April 23, 2020 / by Kevin Kauffman
Should you sell your home to an investor?
Many Phoenix residents have owned their home for five, seven, 10, or even 20 years, and these homes may need some updating that’s been put on hold--- The reality is, we’ve seen a great deal of movement in our market during that period, and these same homeowners may have some equity they’d like to use. There’s also hidden, untapped equity we can help you access as well.
Many people look to investors to buy homes that aren’t in tiptop shape. Usually, in this case, they give up a portion of the home’s equity because they don’t know how to update, they don’t want to go through the hassle of it, or they don’t have the budget for it.
The good news is, we’ve partnered with companies who can help you through the flipping process. If you want to sell a home that’s perhaps a bit outdated, we’d visit the home and first identify what you could sell it for in its current condition—let’s say $250,000. If you had $15,000 to $30,000 to invest in the house, though, and made the right kind of improvements, you could bump up your sale price to $325,000.
Finding the money for this undertaking and living in the home while renovating it can be a challenge, not to mention knowing which renovations to make to spark buyers’ interests, but that’s where we can help. We can give you all the information you need. We want you to sell as quickly as possible for the most amount of money, and we know plenty of strategies to do so.
If you’d like to know more or have any other real estate questions we can answer, don’t hesitate to reach out to us. We’d love to help.