How Much Cash For Houses In El Paso Can You Get?
If you’re thinking about selling your house, here’s how much money you can get
If you own a home in El Paso, Texas that you’ve been thinking about selling, you’ve probably wondered at some point how much you could get for it if you just bypassed all the hassle and cost of using a real estate agent and just selling directly to a reputable home buyer like Level Cash Home Offers, LLC. And you know what, that’s a really good question. Exploring all of your options before committing to a plan of action is always a smart way to go when selling your El Paso home.
One thing to keep in mind is that homebuyers like Level Cash Home Offers, LLC buy homes of all conditions and sizes in all kinds of neighborhoods all over El Paso and the surrounding area. This makes it hard to give a dollar amount in a blog like this that intend to inform all kinds of homeowners about their options. However, there is some key information we can give you that will help you understand the different options available to you as a homeowner looking to sell.
Selling On the Market vs Selling Off the Market
When someone says they are selling their home on the market, they typically mean they are listing it on the local MLS through a licensed realtor. Homes sold this way are often shown to numerous potential buyers over 3 – 6 months and when they are sold, go for about the same rate as other homes in the area. This rate is often referred to as the “market price” or “market value” of a home. This is true in El Paso as well as most other markets across the US.
In contrast to this, selling “off the market” infers not listing on the MLS and instead, selling directly to a buyer for slightly less, which is why this cost is sometimes considered “below” or “under market price.” That being said, there are several advantages to selling off the market even despite settling for a price below the local market.
Why Do Some Homeowners in El Paso Sell Their Homes Off the Market?
At first glance, it might not make sense to sell your home off the market when you know you could sell it for a higher price on the market. However, there is a bit more to it than just the price. Some key things to keep in mind when deciding between selling on or off the market:
- When you sell your house “on the market” the buyer typically needs financing through a bank or other third party. This typically slows the process down significantly and also means that there is a third party who may reject the offer and derail the sale even if you and the buyer agree. When you sell “off the market,” however, you typically deal with a professional home buying company like Level Cash Home Offers, LLC that finances our own deals. This means we can close much more quickly and that every offer we make is firm. No third party is involved to derail it.
- There are commission fees for using a real estate agent to sell your house on the local market. When you sell to Level Cash Home Offers, LLC, there are no commission fees or any other you have to pay. You simply get the cash offered.
- Listing and selling a home on the local El Paso market costs an investment of money. Buyers expect homes in top condition with all the modern touches. On the other hand, selling off the market to Level Cash Home Offers, LLC means you can sell the house as-is without having to spend any time or money fixing, updating, or improving the interior and exterior.
So How Much Can I Get for My House in El Paso?
It boils down to if you have the time and money needed to get the market price for your home in El Paso or if you’d rather sell it as-is in a hassle-free and quick process to a company like Level Cash Home Offers, LLC that will invest the time and money needed to sell it on the MLS. Ultimately, how much time and money you have to invest will determine if you sell on the market or off.
If you’d like to know how much Level Cash Home Offers, LLC would pay for your house in El Paso, Texas, or the surrounding area, just fill out the form on this page or call our office at 915-228-3314.