In the process of selling a home, one of the most important things is determining how much buyers will be willing to pay for your property. One way to do this is to get a cash quote on your Indianapolis house. Especially if you are wanting to sell your home via a FSBO route, you’re going to need to know the value of your property before pricing it. To help you with this process, we’d like to offer some information on property appraisals, cash offers and how to ensure you get a fair price.
Real Estate Appraisals
Want a comprehensive look at the value of your home? Hire a professional. Whether you are selling through a real estate agent or as a FSBO, having an appraisal done of your home can really help put the value in perspective. You can use the Appraisal Institute to find a reliable and professional real estate appraiser in our area.
It is important to know that there is a difference between a CMA and a real estate appraisal. A CMA (Comparative Market Analysis) is compiled by a real estate agent based on the information in the MLS (Multiple Listing Service). It can help you determine realistic offers and asking prices based on the market around you and the state of your neighborhood’s value. What it can’t do, though, is function as a valuation when approaching a lender for a mortgage. An appraisal is also different from a home inspection, since that focuses on things like making sure the electrical work is up to code and the plumbing is functional.
A real estate appraiser is trained and licensed by the state. Their appraisal will include details about your property, including the land the home is on. It will note any red flags that the appraiser feels are important. The appraiser will also indicate if they saw any major problems – like foundation issues, mold and more – with the house. They’ll provide a rough estimate on the average time a similar house would stay on the market.
Overall, a real estate appraisal can give you a lot of important information about the house, both as a seller and a buyer.
Get a Cash Quote on Your Indianapolis House
Knowing the value of your home is important when considering any offers – but especially cash offers. Often, cash offers will be about 60 to 80 percent of your asking price, which means you will have to determine whether or not it’s worth it to take the cut in price in favor of a quick close. A lot of homeowners find it is, especially if they are on a tight schedule. That time crunch can come from a job relocation, a need to sell inherited property or an impending foreclosure. Whatever the situation, cash offers can simplify the selling process and speed along the closing of the sale.
It’s not uncommon for homeowners looking to purchase with cash to ask you (the seller) to pay for an appraisal and home inspection. Depending on how much you value your home and how low their offer is, this can quickly eat up a lot of your profit, since you’ll also be faced with closing costs and realtor commissions. The biggest pro in favor of cash sales is the sheer convenience and speed of the closing – but there are a lot of hidden costs and potential pitfalls, too.
Need a Quick Answer? Contact Ben Buys Indy Houses!
So, what if you could combine the speed and convenience of a cash offer with security and lower costs? You can! Selling to Ben Buys Indy Houses will give you the chance to get a quick cash quote and offer on your Indianapolis home – we can close within a week! But in addition to that, we pay all closing costs and don’t take any commission. All the money we pay you can go directly toward what you need – paying for a new home, paying off a mortgage or just into your savings!
If this sounds like a good solution for you, contact us today! We purchase homes, commercial properties, condos, former rentals and more. We buy in as-is condition, no need to upgrade or repair the property. We are an accredited cash home buyer for the Indianapolis area, dedicated to integrity and honesty in all our deals. Run by a team of local people, we want to make Indianapolis thrive – and we believe that starts with helping the individual families and homeowners in our area thrive.
If you’re ready to sell your Indianapolis home, but don’t want to deal with the headaches of real estate agents, negotiations, offers, appraisals, inspections and closing costs, then contact Ben Buys Indy Houses. We’re ready to make you an offer!