Risks to selling your house fast
There is a degree of risk involved when selling your house quickly. To make sure that you understand the risks and how to avoid them, we’ve highlighted some of the most common problems.
Overpricing is probably the biggest mistake you can make. While it might seem like you’ll get more for your house this way, the reality is that it will sit longer until the price is reduced to market value. To avoid wasting time with this, Sundae’s Market Experts evaluate your home and help you price it appropriately to sell quickly on our marketplace.
Another risk is selling your house to someone with 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. There are some unsavory people who might promise a high price only to come back with price reductions due to issues with your house.
When you sell as-is with Sundae, potential buyers know exactly what they’re getting into. We often provide photos, an inspection report, and other items to give full transparency. Sundae's marketplace also gives you a chance to receive multiple offers. That way, you can take the highest one or walk away knowing that you have options.
The final common mistake is to ignore the importance of marketing your property. If no one knows about your house, how can you sell it? And if there are bad pictures or inaccurate descriptions, buyers will notice. We take care of that for you when creating your profile so that our pool of 20,000 real estate investors can see your house.
Compare multiple offers for your house on your timeline
When you list your house on Sundae’s marketplace, it’s possible to receive multiple offers. In fact, our latest data shows that homeowners average 22 offers when selling with Sundae.
The reason is simple: a marketplace format generates competition. Our large pool of investors are incentivized to put their best offer first to stand out because they know others are placing offers as well. The possibility of multiple offers increases your chances of maximizing your profit. 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