The Real Cost of Selling Your Home

shutterstock_157318880AllHomesAz.com takes pride in our ability to make your home selling experience simple and hassle-free. We know that selling your Tucson or Phoenix home through traditional methods can be a stressful and costly experience, and we are here to help. Here are some of the ways we help you save money and time when selling your home in Arizon

We Do Not Make Commission

Traditional real estate agents take a 5 to 6 percent commission out of the sale price of a home in a standard sale. The buyer’s agent and seller’s agent split this money and you, the seller, lose that percentage of the sale. If you sold your home for $200,000, you automatically lose at least $50,000 to the real estate agents. With AllHomesAz.com, you do not lose any money in commission, because we do all of our work in-house. We are our own agents and we do not take commission when you sell us your home. Consider the money you saved to be the commission you made by selling your home yourself.

We Cover Closing Costs

Because we do everything in house, we cover all of the closing costs. In a traditional home sale, buyers often make the sellers pay all of the closing costs, which total 2 to 4 percent of the home’s sale price. Other common fees that the sellers have to pay include escrow fees, appraisal fees, transfer fees, and homeowner’s insurance and title insurance fees. There is also a transfer tax from the government, and, in most cases, a one year warranty given to the buyers, but supplied by the sellers. Because we buy your home directly from you in cash, you do not have to worry about these fees and can save the time, money and stress for your actual move.

We Buy Your Home

You may have three or four offers for your home from potential buyers, but the banks of Phoenix and Tucson are notorious for turning down offer after offer from these buyers. In addition, prospective buyers may not be able to obtain a mortgage on the home, which again leaves you without a sale. We make a cash offer within 24 hours, and because we pay upfront in cash, we do not have to negotiate a mortgage with the banks. Best of all, we buy homes “as-is”. We are not going to require you to repaint the walls or replace the carpets before we are willing to buy. We appraise your home and offer you a fair price for free – no appraisal fees that some other equity purchase companies charge.

For more information about our services or if you have questions about how we pay cash for homes, call us today at 480.227.5214 or visit us online at https://www.allhomesaz.com today!

Why Your Home Isn’t Selling

shutterstock_1433727Many people that list their home on the market in the Phoenix or Tucson areas are fairly confident in their ability to find a buyer that will make a reasonable offer in a short amount of time. Unfortunately, it rarely works out that way. Some homes do receive offers very quickly, but even then it is sometimes the case that banks of Tucson and Phoenix that hold the mortgage will not be willing to look at any offer for the home, no matter how good. AllHomesAz.com has spent years studying the Phoenix and Tucson housing markets, and we have found that there are three main reasons that homes in Arizona do not sell.

The Home is Not Priced to Sell

Overpricing is one of the worst mistakes a homeowner can make, because it can cause the property to sit on the market for longer periods of time, which decreases the value. You have to look at the price other homes in your neighborhood have sold for and adjust accordingly. Then once you have a market price available, you can compare your home to others that have sold. A home with a better location and layout for features will bring in a better price for the seller. However, without a professional appraisal of your home’s value, you risk either overpricing or under-pricing your home.

The Listing Agent is Incompetent or the Advertising is Poor

Most people rely on a realtor to list and manage your home’s sale. However, if the agent is inexperienced, dishonest or lazy, you will lose more money and time than if you sold the home yourself. Remember to take the real estate agent’s commission into account when determining the cost of selling your home. In addition, if you have not paid for extensive advertising or have poor quality photos of your home, it may be overlooked by buyers in favor of more prominent listings.

Your Home Needs Repairs or Updates

If your Phoenix or Tucson home does not have a new air conditioning unit (within the last 5 years) and other modern energy efficient appliances, you probably will not be able to sell your home. Most first-time homebuyers or prospective buyers with families will not have the cash on hand to renovate your outdated home, which narrows the range of potential buyers you will attract. A dirty and worn-down home will also not appeal to the majority of homebuyers. If you have a rundown property that needs a total renovation, you most likely will be unable to sell the home to an independent buyer. This leaves you with the options of renovating the home by yourself and gambling on the chance of actually seeing a return on your investment, or selling the home to a house-flipper or an equity purchase company like AllHomesAZ.com. A house-flipper will most likely have less capital to purchase the home than an equity purchase company, and an equity purchase company will have experienced appraisers on call to give you a fair price.

AllHomesAZ.com is comprised of a team of real estate investors and is a proud member of the Better Business Bureau. Based in Phoenix, Arizona, we buy homes anywhere in the USA for cash. For a free home appraisal and consultation with one of our agents, call 480.227.5214 or contact us online.