Is the ugly cash home buyer the best way to go?

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Real Estate Agent with Keller Williams Classic Realty

Is ugly cash home buyer the best way to go?

Real estate market data in Andover MN by Joel Friday of Keller Williams Classic Realty

The cash buyer ads are everywhere. We buy ugly homes, cash for your home, quick sale, no realtor fees are all claims I have seen recently. The question is, "will you net more money selling this way?" The below pictured home was in the hands of an estate and one of these companies offer the seller $80,000 cash and a quick closing, no inspection, no commission, and no appraisal. Sounds like a great deal right? WRONG! I did a full market analysis on this home and came up with a value of $150,000. The seller finished the clean out and did a few minor repairs and we listed in October 2016. We had a full price offer and were through inspection in 12 days. Closing costs (seller paid buyer 3%, commission, and seller closing costs) totaled around $14,000.  So the estate netted around $135,000, a whopping $55,000 more than the "quick" sale would have produced.

Bottom line is simple here, hiring an experienced agent like myself will always produce the best exposure and competition always drives up the price. Call today to find out your homes true value is at 763-445-9760.

 

Is ugly cash home buyer the best way to go?

 

 

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Topic:
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Minnesota Anoka County
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Elk River and Beyond!
Minnesota Agent Network
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Tags:
homes for sale in andover mn
median sales prices in andover
home market trends in andover mn
is ugly cash home buyer the best way to go

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Rainer
48,731
Lisa Hernandez
Opes Real Estate Group - Kendall, FL
Realtor serving Kendall, South Miami & Pinecrest

We see a ton of this in Miami and curious as to how this works...thanks for shedding some light here!

Dec 26, 2016 12:13 PM #1
Rainmaker
345,676
Joel Friday
Keller Williams Classic Realty - Coon Rapids, MN
Make sure your home is "SOLD by Friday!"

Not too often you can get this detailed amount of information on the competition.

 

Dec 26, 2016 01:23 PM #2
Rainmaker
195,420
Ron Saporito, Palm Desert, CA Real Estate & Mortgage Broker Since 2003
Ronald Christopher & Associates. Proudly serving Palm Desert, La Quinta, Indio, Coachella, Rancho Mirage, Palm Springs. - Indio, CA
Call (760)574-8486. www.JustListedinPalmDesert.com

Great job on this sale Joel. This proves it pays to work with an experienced Realtor!

Dec 26, 2016 01:30 PM #3
Ambassador
1,783,863
Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Joel, we have found this to be true in Silicon Valley as well-the "ugly house cash buyer" typically wants at least a 30% discount.

Dec 26, 2016 02:15 PM #4
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Rainmaker
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Joel Friday

Make sure your home is "SOLD by Friday!"
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