Cash For Houses In Detroit – How Much Can You Get For Your House?

How Much Cash For Houses In Detroit Can You Get?

If you have thought about selling your house, here is a guide to figure out how much money you can get

cash on house in detroit michiganMany home sellers are asking us about cash for houses in Detroit – they are interested to know the amount they will get if they go to sell their house. If you have been thinking of selling and are wondering how much money you might get, this article sets out to answer that for you.

An Important Definition

Since this article will be read by homeowners all over Detroit (and surrounding areas) and each of their houses will have different market values, it is somewhat difficult to write about a specific dollar figure. But here is an important concept that can help you to understand how much buyers pay cash for houses in Detroit…

On The Market: When a house is sold “on the market”, that means it is often listed by a real estate agent and sold after several buyers have walked through the property and at least one has made an offer. Houses sold on the traditional market will often be sold for about the same amount that other houses in the area have sold for in similar condition. This is called “market price”.

Off The Market: When a house is sold “off the market”, that usually means the homeowner has decided not to list their home, but to sell their home directly to a buyer. Houses sold off the market may be sold for slightly less than their market price, this is called “below market price.”

At Amaze Properties LLC, we are professional home buyers who buy houses off the market. To learn more about what we do, click here to fill out the form or call us now at (586) 991-3363

You might be reading this and asking, “why would anyone accept below market price and less cash for houses in Detroit than others?”

That’s a good question but there’s more to the story:

  • Selling on the market often means you are selling the house to someone who will live in the house. These buyers are buying the house for themselves and their family. But when you sell off the market, you are usually selling to a company that might be investing in the home to turn it into a rental property or to fix it up and sell it through renovations.
  • Selling on the market usually means the buyer will need to get financing. Selling off the market, in a private sale, often means that a professional home-buying company will be paying cash for houses in Detroit. (That’s why some people prefer to sell off the market – they don’t want to wait for the seller to get financing; they want to know that they have got a guaranteed sold house right away).
  • Selling on the market will cost you money… and often a lot of money. If your house needs repairs or renovations, you will likely have to spend money to fix up your house before you sell it on the market. However, when you sell it off the market by going with a company like us at Amaze Properties LLC, you may be able to sell your house as-is – saving the money (and the time and hassle).
  • Selling on the market through a real estate agent will often result in commissions and fees to the agent for the work they did to sell your house. But selling off the market to a cash home buying company like Amaze Properties LLC usually means that you pay no commissions or fees or even closing costs.

So, how much money can you expect to get for your house? Well, if you sell on the traditional market, this may mean you could possibly sell your house for more money but it will take longer and costs more; selling off the market may mean you sell your house for below market price but it’s faster and there are no expenses or fees, so in the end, you might not be selling for that much lower.

The question we hoped to answer is how much will sellers get in cash for houses in Detroit? It all depends on how you sell – on the market or off the market… and that is determined by how quickly you want to sell and how much time and money you are willing to invest in it to sell it.

We pay cash for houses in Detroit and we’d like to make a no-obligation offer on yours. Click here to fill out the form or call our office right now at (586) 991-3363

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