We buy houses in Auburn Hills, Michigan where sellers are asking about cash for houses in Auburn Hills MI and they want to know how much they will get if they sell their homes. If you’re thinking of selling and wondering how much you might get, this blog post will help to answer that question.
Most often, local Auburn Hills home buyers will evaluate your house… determine what it’s worth if it’s fully fixed up… determine how much we’ll have to invest in renovating the property… how long it will take us… and of course we have to turn a small profit for our risk in buying the property, renovating, and selling it… so we do tend to make offers that are below the full retail market value.
How Much Cash For Properties In Auburn Hills, Michigan Can You Get?
Since this blog post will be read by people all over Auburn Hills MI (and surrounding areas), with various price 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 people pay cash for houses…
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. Homes sold on the market will often be sold for approximately the same amount that other similar properties in the area have sold for. This is called “market price”.
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. Homes sold off the market will often be sold for slightly less than their market price, this is called “below market price.”
At Home Buyers of Michigan, we are professional cash home buyers in Auburn Hills MI who purchase houses off the market. To learn more about what we do, click below to fill out the form or call us now at (517) 662-3224
You might be reading this and asking, “Why would anyone in Michigan accept below market price and less cash for homes 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 home for themselves and their families. But when you sell off the market, you’re often selling to a company that might be investing in your property 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 properties. (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 home 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 property before you sell it on the market. However, when you sell it off the market, such as to a company like us at Home Buyers of Michigan, you may be able to sell your home 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 they did to sell your house in Auburn Hills MI. But selling off the market to a home buying company like Home Buyers of Michigan usually means no commissions or fees or closing costs.
Sell My House In Auburn Hills MI
How much can you get for your home? Selling on the market may mean you sell your home for more money but it takes longer and costs more; selling off the market may mean you sell the property for below market price but it’s faster and there are no expenses or fees.
So, how much will sellers get in cash for properties? 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 your house in Michigan.