Risks to selling your house fast
Selling a house quickly has risks involved. With a proper understanding of what to look out for, we can help you reduce these risks.
- Overpricing your house. There’s a fine line between what you want and what people are willing to pay for your house. It may have the opposite effect if you price your house higher than it should be and still expect to sell fast. To avoid overpricing your house, our team uses recent market data and comps in the area. Those will inform us of a price range that may attract more offers if it is closer to market value pricing.
- Undervaluing your house. Beware: scammers and dishonest people exist in real estate. It may seem tempting to take the first offer you see if you need cash, but there’s a chance that you could be getting lowballed. Sundae’s marketplace on the other hand incentivizes investors to put their best offer first if they want to get it accepted. Plus, there’s no obligation to say yes if you don’t like the offer.
- Marketing your house to the wrong audience. If you focus your efforts on attracting mainstream homebuyers, you will find that they prefer turnkey options. When selling a distressed house, it’s important to target investors who buy houses for cash and other groups that have the means to fix up your property. Sundae’s database of over 20,000 investors wants houses like yours in as-is condition.
Compare multiple offers for your house on your timeline
On Sundae’s marketplace, you have the chance to attract multiple offers. Though this isn’t a guarantee, our latest data shows that homeowners average 22 offers when selling with Sundae. The reason is simple: a marketplace format generates competition from our pool of over 20,000 investors.
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