How Much Cash For Houses In New Orleans Can You Get?
If you’re thinking about selling your house, here’s how much money you can get
Sellers want to know how much they will get if they sell their house for cash in New Orleans. If you’re thinking of selling and are asking the same question, this blog post will help provide the answer.
An Important Definition
Since people all over New Orleans and surrounding areas will read this, it’s tough to write about specific dollar amounts. However, the following concept will help you understand how much cash people pay for houses in New Orleans.
On The Market: When a house sells “on the market”, this typically means that it’s listed by a real estate agent and sold after a prospective buyer saw the property and made an offer. Houses on the market will usually be sold close to the same amount that similar houses in the area have sold for. This is called “market price”.
Off The Market: When a house sells “off the market”, this typically means that the homeowner decided to sell directly to a buyer instead of listing their home. Houses sold this way will usually sell for slightly less than the market price. This is called “below market price.”
You might be reading this and asking, “why would anyone accept below market price, and less cash for houses in New Orleans than others?”
This is a great question, and there’s more to the answer:
- Selling on the market typically means you’re selling to a person who will live in the house. The house is being purchased for themselves and their family. When you sell off the market, you’re usually selling to a company who is investing in your house. They will rent it out, or renovate and sell it.
- Selling on the market typically means that the buyer needs financing. Selling off the market usually means that a professional home-buying company will pay cash for houses in New Orleans. This is why some people would rather sell off the market than wait for a seller to get financing. They want to right away if they’ve sold the house.
- Selling on the market costs money. The amount quickly adds up. If your house needs renovations and repairs, you typically have to pay to complete those before you can sell it on the market. However, when you sell it off the market, to a company like us at US Direct Home Buyers, you might be able to sell your house as-is – saving the money, time, and hassle.
- Selling on the market through an agent usually results in paying them commissions and fees for the work they did to sell your property. Selling off the market to a home buying company like US Direct Home Buyers typically means no commissions, fees, or closing costs.
How much can you get for your home? Selling on the market might mean you’ll sell for more money, but it takes longer and costs more. Selling off the market might mean you sell for below market price, but it’s quicker and without expenses or fees.
So, how much will sellers get in cash for houses in New Orleans? It depends on how you sell – on the market or off the market. The option you choose is determined by how fast you want to sell and how much time and money you’re willing to invest.