Risks to selling your house fast
Selling a house with speed does come with potential risk. It can be scary if you don’t know what to expect going into this process. Luckily there are ways to mitigate these problems when you know what risks exist.
- Overpricing your house. There’s a fine line between a fair price, underpricing, and overpricing a house. Of these options, the slowest way to sell your house is to overprice it. It will likely sit longer until the price is reduced to market value.Without a background in real estate, it can be hard to price your house fairly. Sundae’s Market Experts evaluate your home and help you price it appropriately to sell quickly on our marketplace.
- Being approached by scammers. Some people in the real estate space use predatory tactics like the bait-and-switch to get your attention. They lead with a high offer, then knock off thousands of dollars for the condition of your home.Sundae’s real estate investors know what they’re getting into when they place an offer. We often provide photos, an inspection report, and other items to give full transparency. Plus, our large buyer pool of over 20,000 increases your odds of competitive offers.
- Accepting a low-ball offer. It’s easy to get tempted into selling after getting your first offer, but without comparing offers you won’t know for sure if you’re getting the best price. Sundae's marketplace gives you a chance to receive multiple offers and get presented with the highest offer. That way, you can accept or walk away knowing that you have options at different price points.
Compare multiple offers for your house on your timeline
You deserve to have choices when you sell your house. Just because you receive one offer from a potential buyer doesn’t guarantee that it’s the best you can do. You need to explore your options.
Sundae’s marketplace’s latest data shows that sellers average 22 offers. This increases your odds of getting an offer that stands out to you and helps you maximize your profit potential. Since investors are competing with one another for your business, they’re incentivized to put their best offer first. It may even help you get more than you asked for in the first place.
|Sample offer price||$410,000||$430,000|
|Typical Seller Fees|
|· Commission / Service fees||$0||$21,500||(5%)|
|· Closing costs||$0||$4,300||(1%)|
|· Repair costs||$0||$8,600||(2%)|
|· Cleaning charge||$0||$1,000|
|· Admin / Misc.||$0||$500|
|What you could actually get||$410,000||$394,100|
Typical seller fees do not include payoff of loans, prorated/property taxes, HOA charges, or payoff of other secured liens against property. At Sundae, although Sellers typically pay no commission fees, we do receive a commission from the buyer which is deducted from the gross offer. The information for MLS and/or iBuyer transactions and data are not representative of all MLS and/or iBuyer transactions, and is solely provided here as an example of how Sundae transactions may compare and contrast to a MLS and/or iBuyer transaction. Other terms, conditions, and/or fees may apply for all transaction types shown above. The information provided is solely an estimate based on data currently available to Sundae and not, in any way, a promise of an actual offer to be received from Sundae's marketplace.
When you should turn to Sundae
Sundae helps you sell your house off-market for the highest price, without any work, in any condition. We specialize in selling houses as-is. We’ve helped sellers in situations like these and more.
Property is dated or in need of repairs
Downsizing or relocation due to retirement
Structural issues, unpermitted work, or condemned houses
Inheriting a property you can’t keep
Financial distress such as medical bills or foreclosure
Sudden or unexpected life events
Vacant or problematic rental house
Damage from natural disasters