Would An Investor Buy My House or Land In Floresville For Close To Asking Price?

By
Real Estate Agent with StepStone Realty, LLC

What are the puzzle pieces for anyone who is considering selling their house or land to an investor?

 

What is the process when you get one of those "letters" in the mail?   That is becoming very common around this area.   We in the Floresville TX area are in a hot market for homes and land.  Both are flying out the door.

 

And land sales are scarce.  So many investors are sending out mail pieces trying to buy up land.  Personally we have gotten about 5 for our house but we are also getting them for the farm land that we own.  One of my clients purchased a subdivision lot a few months ago.  We found it by writing letters to the owners and one owner was ready to sell.

 

They had been shopping for houses and could not find one to suit their taste so decided to build.  So we started the process of trying to find them a lot.  So now that we have closed on that lot, she is getting mail almost daily asking if she wants to sell.  The funniest one was yesterday.  They paid market price for their 2 acre lot and the offer was for $5,200.   Not one of the offers is close to what they paid at market price.   The same size lot in the same subdividion came on MLS  last week and was under contract in less than a week for $30k over market value.  Seller priced it there and it is already under contract.

 

So if you are considering selling to an investor vs using an agent for a retail market sale, just know that an investor is looking to make a profit and the price they offer will be much lower for that margin to be able to sell and pay their costs. 

 

If  approached by an investor and you are considering talking to that investor, at least speak to an agent to get a value of the market value of  your property.  Some agents like our company's agents do both.  They are agents and they are investors so they know what route will put the most money in your pocket and what the time frame might be to sell.  Then you are armed with a decision to sell to an investor to sell quickly or put your property on market for the most money and still sell in a time frame that works for you.

 

While we are country living and do not have some of the newest things that the larger cities have there is an article by Mary Thompson: Offer pad & Open door: How are they affecting the market?

and Jordan Ayan:  Have you seen an Open Door closing statement ..

The link to Open Door's "transparent" pricing: Open Door's pricing

Note the fine print: " Beginning on September 30, 2020, for new offers, Opendoor’s service charge will be no more than 5%. Service charge is subject to change, and has historically been as high as 14%."

 

PLEASE speak to the traditional agent before you sell or list with one of the discount companies and compare fees.  You will be surprised and not shocked when you go to the closing table.

#FloresvilleRealEstateAgent where it is #countrylivingwithcityconvenience.

 

So anyone shopping for land or homes for sale in Floresville, TX, I would be glad to help.

Testimonials

 

 

Posted by

Faye Y.Taylor

StepStone Realty, LLC

210 216-7722

Email Faye

https://www.FloresvilleRealEstateAgent.com

 Floresville Real Estate Agent:  homes for sale Floresville

South Texas Homes for Sale =Bexar County, Wilson County,  Guadalupe County =San Antonio, Floresville, La Vernia, Adkins, Stockdale, Seguin, Marion, Poth, Schertz, Cibolo and Pleasanton 

 

 

      Floresville Tx Wilson County Courthouse         Floresville Tx Veterans Memorial

          Wilson County TX Courthouse                             Floresville Tx Veterans Memorial                

 

 

Comments (2)

Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Faye:

You've shared some great advice here for anyone in your area being approached by an investor interested in their land...they should be calling you for assistance!

Jeff

May 19, 2021 10:21 PM
Faye Y. Taylor

Jeff Dowler, CRS  How are you doing?  Hope the weather is good there.  It has been raining here for days with some high winds.  Have worked more land deals this year compared to all the other years.  And it is sad because we have some newer agents in this area who have become big in the land market and don't really care to suggest their buyers' put deed restrictions on their subdividing of the property. She told me that she has no ties to land; just make your profit and move on.  My hair curled up just discussing our difference in philosphy about maintaining integrity in our local area.  They just put another one being subdivided on market yesterday. 

May 20, 2021 04:50 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

May 20, 2021 01:30 AM
Faye Y. Taylor

Thanks, Richard Weeks 


Is it as crazy up there as it is here?  I'm in South Texas and it is flying off the shelves.

May 20, 2021 04:46 PM