How Much Cash For Houses In Colorado Springs Can You Get?
If you’re thinking about selling your house in Colorado Springs, here’s how much money you can get
Sellers are asking about cash for houses in Colorado Springs – they want to know exactly how much they will get if they sell their house. If you’re thinking of selling and wondering how much you might get, this blog post will help to answer that question.
An Important Distinction
Since we will be reaching home owners all over Colorado, and the prices vary from city to city, it’s difficult to write about a specific dollar amount that people would be willing to pay for your Colorado home. However, we are going to outline some very important concepts that will help you understand how much you could likely sell your home for in Colorado Springs.
On The Market: When you list a house on the market, it’s typically done through a real estate agent who puts the property on the local “MLS” (multiple listing service) in an attempt to attract potential buyers who will be looking to make offers on the property. Homes that are being listed on the MLS will usually be listed at the same dollar amount as other homes with similar features that have recently been sold in the same market. This is called “running comps” or “comparables”. This price is considered the “full market value” of the home, and it’s what most sellers would love to actually get for their property.
Off The Market: When a home is sold “off the market” that typically means that the homeowner has listed their property FSBO (for sale by owner) and has found a buyer through that route. Homes that are sold off the market will usually be sold for a slightly lower price than their full market value. This is known throughout the real estate community as “below market value”.
You might be reading this and asking, “why would anyone accept below market price, and less cash for houses in Colorado Springs than others?”
That’s a good question but there’s more to the story:
- Listing your home on the MLS through a licensed real estate agent usually means that you are selling to a buyer who is going to live in the home. When you sell off market, you are dealing with a company that is investing in your home to turn it into a rental property or to renovate it and resell it back on the market for a profit.
- Selling your home on the market typically means that the buyer will need to get conventional financing, which can take a lot of time. Selling off the market in a private sale means that the investor who is purchasing your home will be paying with their own cash, so you don’t have to wait for the buyer to be approved for financing in order to sell your home.
- Selling on the market through a licensed agent will require that you make the necessary renovations and repairs in order to get the home up to full market value. If you sell the house off the market for cash to a company such as us here at HBR Colorado, then you don’t have to worry about making any repairs.
- When you list your home with an agent, they will charge you commissions and fees, usually to the tune of 5 – 6%. If you sell your home to a cash buyer, you can avoid these fees altogether.
Another article that might be useful to you during this situation is Sell Your Unwanted Property For Free In Colorado Springs
How much money can you get for your Colorado Springs home? Listing it on the market will often get you a higher price, but it takes longer and costs more as well. Selling off the market will allow you to be more flexible, and accept a lower cash offer in order to sell the home quickly without making any repairs.
So, the question still remains – how much will you be offered through our cash for houses in Colorado Springs program? There’s only one way to find out, and that’s to call us and ask, or fill out the form on our home page with your property address and someone from our team will get in touch with you to let you know exactly how much we’d be willing to pay for your home.