Instant Cash Offer vs Market Exposure?

Have you come across the allure of an instant cash offer? While it can seem like a tempting proposition, we urge you to consider the story of one of our recent sales:

Initially, the seller for our recent listing gathered offers from a couple "instant buyers" who promised immediate cash transactions. Each offer was for under $1,000,000, with the guise of a swift and hassle-free deal.

Expecting the property had more value than that, the seller decided to explore other avenues and connected with us. The house was already in great shape, but we got to work staging the property and preparing it to be launched onto the open market. This decision paid off! On the very first day of listing, we received a full-price, all-cash offer that exceeded those initial offers by more than $500,000.

Seeing the buzz created by his property, the seller opted to wait and see what other offers would come in. Through negotiations and a total of 4 additional offers, we ultimately sold the house for $1,575,000.

More than $575,000 over what the "instant cash" offers were!

So, why is this important for you as a potential seller? Unless you're willing to part ways with a significant portion of your potential earnings, even after paying commissions and maybe some minor repairs, you'll likely find yourself in a much better position by putting your home on the open market. By doing so, you allow buyers to compete, driving up the price of your property and ensuring you receive it's true market value.

When you're ready to discuss selling strategies further or explore the possibilities, don't hesitate to reach out. We're here to guide you every step of the way.