How Much Cash Can You get in California for your Home?
Here’s how much you can make when you sell your house
California homeowners want to know how much cash they will receive for their house if they sell it now. This blog post is a great resource if you are seriously thinking of selling your home and wondering what the value might be.
An Important Definition
The fact that this blog post will be read by people all over California (and the surrounding areas), with varying prices reflected throughout the state, makes it difficult to describe a specific dollar amount. Nevertheless, here’s something you need to know about cash buyers in California…
A house that is sold “on the market” usually means it was listed by a real estate agent and will be sold once several potential buyers have seen the property and at least one has made an offer. The selling price of houses on the market is often the same as the selling price of similar houses in the area. The market price is what we call this.
When a house sells “off the market,” that usually means the owner decided to sell the home directly rather than list it. It is common for houses sold off the market to be sold slightly below their market price. This is known as “below market price.”
We are professional home buyers who buy houses off the market at MCB Homes Inc.. You can learn more about what we do by clicking here or by calling us at (209) 743-0602.
You might be reading this and asking, “why would anyone accept below market price and less cash for houses in California than others?”
That’s a good question but there’s more to the story:
- If you sell on the market, you’re usually selling it to someone who will live in the house. The couple is buying the house for themselves and their family. A company will often purchase a home you’ve sold off the market to turn it into a rental property or to renovate it and sell it.
- In most cases, selling on the market means the buyer needs financing. In a private sale, a California home-buying company is usually willing to pay cash for houses sold off the market. (That’s the reason some people prefer to sell off the market – they don’t want to wait for the seller to get financing; they want to know the house is sold right away).
- It is true that selling on the market costs money… sometimes a lot of money. When your house needs renovations or repairs, you usually have to spend money fixing it up before you sell it. If you sell it off the market, such as to us at MCB Homes Inc., you may be able to sell your house as-is – saving you money (and the time and hassle).
- It is often the case that selling your home through an agent will result in commissions and fees to the agent for the work they did to sell your house. When you sell off the market to a company like MCB Homes Inc., there is no commission, no closing costs, and no fees.
Is it possible to sell your house for a good price? If you sell on the market, your house may sell for more money, but it will take longer and cost more; if you sell off the market, your house may sell for less, but it will go faster and you won’t have any fees or expenses to pay.
How much cash will California sellers get for their houses? Your approach to selling will determine whether you sell on or off the market. It depends on how quickly you want to sell and how much time and money you’re willing to invest.
This guide to figuring out how much your house is worth in California applies to all cities in California State including Lodi, Modesto, Stockton, Sacramento, Turlock, Valley Springs, Salida, and Oakdale.