Selling Your Property to a Developer Means Bigger Profits For You
Higher Selling Price
If you’re tired of the usual low appraisals that local agents are giving you, then consider selling your property to a developer directly. Because property developers view a home as a site for their next project, and not as a home they are looking to move in to, they stand to make a considerable profit off their initial purchase. This in turn, causes property developers to be a lot less price sensitive, meaning they will be willing to pay a higher amount as compared to a typical homeowner…and it can be a lot higher than you think.
No Maintenance Required
Preparing a house for sale can be a daunting task, particularly if your home isn’t at its best. In order to increase the value of your home, it is highly recommended to renovate and update key areas of the home. This can be costly and faces the risk of not being justified in the final sale price. For example, spending $30,000 to get your house ‘sale ready’ only to actually increase the market value of your house by another $10,000 – that’s a $20,000 loss, and not to mention the time lost. Selling your property to a developer eliminates this problem as developers purchase homes as sites for their NEW projects. This means there is no need to spend anything on fixing or repairing your home prior to selling, and still having the potential to sell above market value.
Fewer Middle Men
Not only does selling your property to a developer mean a higher sale price, it is also a much cheaper process than the traditional method of selling as there is no need for real estate agents, marketing and advertising. By not requiring a real estate agent, you also save by not paying for sales commissions. It is not uncommon to see homeowners paying up to 5% commission on the final sale value of their home.
By streamlining the process, fewer parties are involved in the transaction, meaning the process is both cheaper and quicker.