When reviewing “offers for your Oak Cliff house,” it important that you know how to correctly run the numbers. Just because an offer looks good on paper, doesn’t mean it is the best choice for you. Learn more about how to crunch the numbers in our latest post by We Buy Houses Cash Dallas!
While the highest offer might appear to be the best, this isn’t always the case. There are many numbers you will need to factor in when reviewing offers for your Oak Cliff house. Below, we discuss some of the costs you may face when selling your home in the Oak Cliff area.
Closing Costs
With a traditional sale to a private buyer, a seller can expect to pay about 2-5% of the final sale price in closing costs. While this varies by the transaction, you’ll want to budget at least 5% to closing costs to ensure you are covered. You don’t want to be surprised at the closing table, owing more than you had planned for.
When you sell your home to us, there are no cost at all. we can make you an all cash offers for your Oak Cliff house, and you will not pay anything. We can take you from cash offer to buy your house, to the Title Company closing table in five days if needed, or you choose the closing date. Either way, we pay the closing cost so you don’t have to.
Repairs
While reviewing offers for your Oak Cliff house, you’ll want to consider all of the costs you encountered making repairs and fixing it up. Repairs aren’t always cheap, and you will likely have to face them before putting your Oak Cliff property on the MLS. In addition, your potential buyer will likely attempt to negotiate even more repairs once the inspection has been completed. Spending money on a house you ultimately want to sell can be extremely frustrating, with a direct sale, you’ll be able to keep that cash in your pocket.
Listen, you do not have to make any repairs when yo sell your house to us. We will buy your house in it’s as-is-condition, no questions asked. No need to clean up the house either. The only people that want you to make repairs are the real estate agents who will turn around and use their contractors and charge you a fee for using their contractors. We just want to make you one offer not multiple offers for your Oak Cliff house.
Those same real estate agents will charge you a fees for using their contracted staging company as well. You see, the real estate agent will get your house on a Listing Contract. Then turn around and tell you that you must make the repairs and use their contractors at a reduced cost. Then, they will charge you the same price they charge others for using their contractors. This happens and I see this happen far too many times. Those real estate agents go around bragging about how they made a new homeowner do this and that. Start reviewing offers for your Oak Cliff house, as soon a you are ready to sell.
Other Contingencies
There are all kinds of contingencies a buyer might put in their contract. Having a contingency protects the buyer should something go wrong. If there is a problem with the property, they will be able to back out of the sale without any penalty. Some common contingencies include things like not being able to sell their current house in time. People make offers for your Oak Cliff house, and If their lender backs out of the deal. And if the inspection comes back with a significant number of repairs that need to be made.
The only reason a buyer will make contingencies on a property, is because the seller, or the real estate agent has informed the buyer to do so in order to protect themselves. I can agree with some contingencies, but when we buy houses, we do not need any contingencies. We just want to make offers for your Oak Cliff house, and buy.
Timeline
How fast will your buyer be able to close? When reviewing offers for your Oak Cliff house, this is exactly what you want to ask all buyers. As any property investor will tell you, the longer you hold on to a property, the more it will end up costing you. Holding costs can add up quickly, eating into your profits. While the property is on the market, you’ll have to continue paying for things such as homeowners insurance, property taxes, utility bills, possibly a mortgage, and routine maintenance on the property.
You are responsible for these items up until the day of closing. If your house sits on the market for a while or if your sale falls through, you could find yourself stuck paying these costs for the next several months. None of the above cost need to be paid when you work with and sell your house to a professional cash buyer. So start calling cash buyers and sell your house fast. Be sure to ask that one question when you are reviewing cash offers for your Oak Cliff house. How fast can you close.
Risk
When reviewing offers for your Oak Cliff house, you’ll want to calculate the risk involved in the sale. If your buyer is using financing, you’ll want to be prepared just in case things fall through. Often times, a lender will back out of the deal if a property appraises too low. Sales fall through every day, and you’ll want to be prepared if yours does too. If you’re working with a buyer who is using financing, make sure they are pre-approved, not just pre-qualified.
If you choose to sell to a cash buyer, your risk of things falling through drops significantly. Cash buyers will have the money ready to go before making any offers for your Oak Cliff house. This will save you days or even weeks as opposed to dealing with lender requirements. When you sell directly, you won’t have to deal with appraisals, inspections, repairs, or any red-tape from a lender.
If you choose to work with a local Oak Cliff real estate agent, you’ll have to commit to a listing agreement. Once you have entered into this agreement, your agent will be entitled to their commission, or at least a part of it, no matter how the house sells. However, if you are able to find a reputable buyer such as We Buy Houses Cash Dallas, before hiring a Oak Cliff agent, you’ll be able to instantly save on commission costs. We want to make offers for your Oak Cliff house today. This can be upwards of 6% of the final sale price that you’ll be able to keep in your pocket. This could amount to thousands of dollars you will be able to use for your next property should you so desire.
Appliances and Fixtures
Sometimes when selling a house, the furniture, fixtures, and appliances will all come into play. Does your potential buyer want to keep any of these items or will you be taking everything with you? If you are leaving any items with the new buyers, you’ll want to factor in how much it will cost you to replace these items. Having to replace appliances, fixtures, and other items in your new home can cost a fortune. Make sure you are prepared for these replacement costs before accepting any offers for your Oak Cliff house.
We can help you know what to look for when reviewing offers for your Oak Cliff house. Get in touch with us today by calling (214) 723-1304. robert@webuyhousescashdallas.com
In Summary
We have been buying house in Oak Cliff since 1998 and this is our back yard sort of speak. We actually live here in Oak Cliff. Ugly houses or nice houses, we look to buy houses here and through out the Dallas County area. For some folks, just knowing we can make you a cash offer to buy your house and go to closing table at the Title company in five days. Or, you can choose the closing date that fits your schedule, either way, we pay the closing cost so you don’t have any expenses from selling your house.
For us it doesn’t matter what condition your house is in, you don’t need to make any repairs. We also buy vacant houses, vacant Lots. Unexpected life events happen to us all, so when you need to sell a house fast, contact us at We Buy Houses Cash Dallas.
