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  • Writer's pictureLauren Noll

Sell to a Developer vs Listing it on the Market?

Updated: Jan 19

When you begin the process of considering listing your home on the market, its often a great idea to check in with local developers who are looking for homes in your area. If you are in a desirable area and your home may need some work – working with a developer instead of a listing agent can be a major benefit.



Selling Your Home AS IS

Developers understand that the value lies within the land rather than the condition of your home. Homebuyers are looking for ideal locations with great schools, low crime, and other prerequisites that often deter them from settling when it comes to the condition of the home. When working with an agent to list your property in a high demand market, you will need to put your attention to renovating the home so it is list-ready. When working with a developer, you can put all of your focus into finding your new dream home and getting the best deal for your current home in as-is condition. Although the average buyer will not be interested in a fixer-upper, the developer has a vision for what the home could possibly be once they step in and build from start to finish.

 

Market Seasonality

When working with an agent to list your property on the market, you may be waiting months for an offer if you list it during the off season. A developer looks for opportunities to buy all year round on a consistent basis. Developers take into account their construction schedules and try to buy & deliver new homes consistently. Working with a developer will be the quickest option and have the fastest turn-around time so that you can focus on enjoying your new home and not worrying about the process of listing your home. There is no “spring market” while working with a developer – so if you are relocating during the off-season, working with a developer would be the best option.

 

Quick Closing Time

Closing time can vary greatly from listing your property on the market vs selling to a developer. Developers are always looking to get more homes so this process is as quick as it could possibly be. This process is quick and clean as there are no sale contingencies or financing troubles. Developers are seeking the quickest buy, while listing agents are seeking the highest offers they can get to receive a better pay out. A developer understands the value and importance of acquiring your home AS IS – making it the easiest and quickest transaction for both parties.

 

While both selling your home to a developer and listing it on the market offer their own set of advantages, selling your home to a developer can present a range of unique benefits that might align more closely with your goals and circumstances. Opting for a developer sale could mean a faster, hassle-free transaction, often with less stress and uncertainty. The streamlined process, flexibility in negotiations, and potential for competitive offers can make this route an appealing option for homeowners seeking a convenient and efficient way to unlock the value of their property. However, it's crucial to thoroughly research and assess offers from developers, ensuring that they align with your expectations and needs. Ultimately, the decision between these two paths hinges on your priorities, timing, and the specific market conditions in your area.

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