Cost Comparison- RESolutionsUSA versus Realtor

 

How RESolutionsUSA can provide YOU with MORE Money at Close

The truth in selling your home lies with the hard money costs. When examining the market and where your house is placed in that market ALWAYS boils down to dollars and cents.  When selling in the traditional way using a Realtor there are always additional costs. Even when you endeavor to sell your house yourself as FOR SALE BY OWNER, these costs still must be accounted for.

If you want to sell your home for top dollar within the current market, you must compete with other COMPARABLE properties,  that you will be in competition with. To do that,  you will need to ensure that YOUR house has the same up to date amenities as your competition. Your competition is the house down the street for sale that has been recently upgraded and renovated. Being sold by YOU as FSBO or a Realtor you still must upgrade, repair and maintain if you want to command the highest possible dollar value the current market can sustain.

To achieve the highest possible dollar value the current market can sustain you will spend a considerable sum to get a high value for the home. That home will sell faster and will ALWAYS beat an older outdated home on the open market and MLS.  An older outdated homes will command a LOWER PRICE than a newer upgraded same age house.

Realtors will always provide their advice on how to prepare and stage a home so they can competitively sell it. They sell day in and day out where they KNOW what amenities, upgrades and various things that must be done to successful compete with the homes they have sold based on their prior experience and the current market situation They too want the sale to be a success just like you, BUT the house must be prepared in advance to make sure that it sells for the highest and best price. This will cost money.

The realtor cannot sell your house highest and best price, if they are working with an older home which needs modern upgrades, cosmetic work, new appliances, and maintenance. The realtor will TELL YOU what needs to be done. With that YOU will need to make stressful decisions and spend your money to get it to that highest and best price. So the question is What will Repairs and upgrades cost yo to get your House in good competitive ( with local comparables) selling condition?

The common trends are emerging; houses have open interior architecture and consumers are getting more demanding about amenities. If you’ve seen a starter home in your city remodeled with granite countertops and commercial kitchen appliances, you know what I mean. Everyone feels they are entitled to the latest amenities.

So you could improve the property with modern upgrades, cosmetic work, new appliances, and maintenance and sell the traditional route. This will certainly command a higher selling price, to maintain competition with similar homes with the same more modern amenities.  A person will think they will walk away at the closing with more money in their pocket…………BUT WILL THEY?……Only the numbers can truthfully play out the actual money that your will have at close.

In this example RESolutionsUSA will show you a true to life example that we encountered in a sale. As engineers, architects and contractors we KNEW the numbers and provided them to the Homeowner who, by the way, was not in a dire financial situation or dilemma to sell to solve a financial problem, but it was an older empty nester who thought they would do better with a realtor than selling to RESolutionsUSA………….UNTIL WE SHOWED THEM THE ACTUAL NUMBERS. In both cases with upgrades and without upgrades both selling the traditional selling approach with a Realtor the property owner walks away from the closing with substantially less than selling to RESolutionsUSA

EXAMPLE HOME

The below example is based on a 2100 square foot Ranch home on a 1/4 acre lot. The basement is finished, but worn. Date of construction based on municipal records is 1983. No work has been done on the house since that time except for carpet and paint in 1988 for the upstairs rooms.

Living and Kitchen have hardwood floors. Exterior has planting beds that are over grown and mulch has deteriorated where it cannot be seen, including shrubs that need to be trimmed/removed since they are overgrown and hide the front and side facades of the house creating algae and mold problems on the exterior.

An 800 sq.ft. Deck needs refinishing since it’s last staining/preservative was done in 1990. Lastly the asphalt shingle roof was replaced in 1990, at 27 years old and a 20 year shingle it will need replacement

The mortgage was paid off about 10 years ago and the current owner owns the house/property FREE AND CLEAR.

3 Houses one at 2100 sq.ft, 1900 sq.ft. and 2500 sq.ft. respectively, on the same street within 1/4mile have been recently upgraded and cleaned up. These houses were also constructed in 1983 as part of the subdivision. They sold at $399,000, $388,900 and $401,000 within a 12 month period before. Time on the market for these comparable were about 4-7 months, average 5.5 months. The market is still active and moving. We used a comparable price of the subject home’s competition at 399,000. If these owners are to command the same price at 399,000 they too need to be upgraded with similar amenities and maintenance.

Cost Comparison-CASH Buyer versus Realtor

With Upgrades to price with Similar Neighborhood Upgraded Properties

Fees, Commissions, Upgrades to be Done Realtor or FSBO Using RealEstateSolutionsUSA
New Roof $15,000.00 $0.00
Upgrade Kitchen and Appliances ( Average Grade Cabinets, new granite counters and new Stainless Appliances) $12,758.00 $0.00
Paint Interior $3,500.00 $0.00
New carpet $3,800.00 $0.00
Landscaping Trimming / Removal new Mulch $4,200.00 $0.00
Power Wash Exterior $1,500.00 $0.00
Re-Finish Deck $1,950.00 $0.00
Realtor Commission at 6% $23,940.00 $0.00
Closing Costs at 2% $7,980 $0.00
TOTAL $74,628.00 $0.00
Sale Price of Home $399,000 $356,292.00
NET Cash Back to Seller $315,372.00 ($399,000-$74,628.00) $356,292.00
Total Time on Market 7.5 Months None, closed in 21 days

By the example above it is clear to see that using RESolutionsUSA  the owner gains an additional $40,920.00 (356,292.00 – 315,372.00) without doing improvements, incurring closing costs, fees, commissions and more importantly, FASTER,  closing in 21 days versus 7.5 months..


With NO Upgrades sell at Current Value

Lets examine if If no Upgrades were to be done and comparing selling it through a Realtor or By Owner to RESolutionsUSA. Taking the necessary Upgrades away from the current market price of similar homes that HAVE BEEN UPGRADED. So Current Market value of Similar Homes – $399,000 – $42,708.00 = $356,292.00

Fees, Commissions, Upgrades to be Done Realtor or FSBO Using RealEstateSolutionsUSA
Upgrades $0.00 $0.00
Realtor Commission at 6% $21,377.52 $0.00
Closing Costs at 2% $7,125.80 $0.00
Sale Price of Home $356,292.00 $356,292.00
NET Cash Back to Seller $324,372.00 $356,292.00
Total Time on Market 7.5 Months None, closed in 21 days

By the example above using RESolutionsUSA and closing in 21 days the owner gains an additional $28,503.32 ($356,292.00 – $324,372) without any improvements, closing costs, fees, commissions and FASTER

Work YOUR Numbers And See Which Way  Gets YOU where you want to be…

When you really work the numbers you start to see the real benefits that each way  of selling your house or Property offers with RESolutionsUSA

Yes, here at RESolutionsUSA we won’t be able to offer you full retail value for your house… but we also offer other benefits that going the traditional house sale route can’t offer.

Like…

From offer to close and cash in your hand in as little as 21 days

You can get rid of the headache of that property fast and avoid paying any more utility payments, tax payments, insurance payments, mortgage payments, you get the drill. If you list your house and wait 90+ days to close… you have to figure in all of the costs of holding that property during the time you have that property listed and are waiting for the property to close.

Don’t worry about fixing anything up or cleaning your house again and again for buyer after buyer

We don’t care how dirty your house is (we’ve seen worse!) or how many repairs are needed (a complete fixer? great! we love projects)... we’d like to make an offer on your house. This saves you time and money that you can keep in your pocket.

Don’t worry about paying those pesky closing fees (we’ve got you covered)

Because we are a full-service professional home and property buyer, we make it easy for you. We pay for all of the closing costs. What we offer you is what you get (of course minus any mortgage payoff or other encumbrances on the property). Pretty refreshing eh?

So when you add up the time you could save by working with RESolutionsUSA, the no-hassle experience, and the money you’ll save on commissions, fees, and holding costs while you wait to sell the traditional route… for many area home owners selling to a professional house buyer is the best viable option.

Is it for you?

See for yourself and get a fair all-cash offer on your house today.

Just fill out the short form below or give us a call at (307) 231-4190 and let’s chat! Our process is simple and you can close on the date of your choice. You have nothing to lose by getting an offer (no obligations – no pressure). But you could potentially lose thousands of dollars or months of your time by not testing us out and requesting your FREE house offer below. 

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*An inspection contingency lets the buyer have time to do an inspection and back out of the sale or negotiate a new price if there are repairs that need to be done. If you can’t come to an agreement with the buyer, the buyer has the right to back out of the sale. Similar, a financing contingency gives the buyer the wiggle room to back out of the purchase if they can’t obtain a loan or if the home doesn’t appraise for the value that the bank needs to close the loan.

Here at RESolutionsUSA we don’t use bank financing so you don’t have to worry about our ability to close on a deal.