Sell House Fast Affton
Mar 09, 2023
Photo by RODNAE Productions
Selling a house is an involved and often stressful process. This is especially true in Affton and other St. Louis County residential real estate markets where the housing market is no longer as affordable as it once was. In fact, according to one industry report, St. Louis has lost its ranking as one of the most affordable home-buying destinations in the U.S. This has left many prospective buyers sidelined and has made it difficult for homeowners to sell their properties, even with the help of a real estate agent. However, there is one option available that can ease the selling process: working with real estate investors.
The Challenges of Selling a House in Affton and St. Louis County
Affton and other St. Louis County residential real estate markets present a challenging environment for homeowners who are looking to sell their properties. These challenges include:
-
Declining Affordability: Home affordability is a significant constraint that is hindering many prospective buyers from engaging the local residential property market. According to RealtyTrac, affordability is declining in the St. Louis area as a result of home prices rising faster than wage increases. This report listed the county among large U.S. counties that recently dropped below its historic affordability level registered back in 2005 prior to the housing bust.
-
Buyers on the Sidelines: The decline in affordability has put a lot of prospective buyers on the sidelines. As per the RealtyTrac figures, the median sale price of a St. Louis County home rose by 11 percent over the past year. On the other hand, the incomes of households gained by only 1 percent. Therefore, it became more difficult for prospective buyers to afford a residence in the county’s metro areas.
-
Age of Residential Properties: Affton, like most of the older suburbs of St. Louis, has a disproportionately large number of older residential properties, which makes them less attractive to prospective buyers. In Affton, the bulk of the residences was built in the 1950s and the 1960s, making them unlikely to get that much attention from choosy buyers in the traditional market.
These issues can make it difficult for homeowners to sell their properties, even if they engage the services of a real estate agent.
How Real Estate Investors Can Help
Real estate investors, such as House Sold Easy, can help homeowners who are under pressure to sell their properties. These investors buy houses even though they are old, outdated, or in need of repairs. As-is homes are parred for the course for these investors, and sellers need not spend on any upgrades. This makes the selling process easier and less stressful for homeowners.
There are several advantages to working with real estate investors, including:
-
Fair Market Offers: Real estate investors are knowledgeable about the housing market in the area and can provide fair market offers to homeowners. This means that homeowners can receive a fair price for their property, even if the property is outdated or in need of repairs.
-
Fast Process: Real estate investors have established funding mechanisms on all their purchases. This means that they can readily come up with an offer, arrange a settlement date promptly, and produce cash payment to ease the pressure of folks who need to sell house fast.
-
No Need for Repairs: Real estate investors buy properties as-is. This means that homeowners do not need to spend money on repairs or upgrades to make their properties more attractive to buyers.
-
No Commission Fees: Working with real estate investors eliminates the need for real estate agents or brokers. This means that homeowners do not need to pay commission fees, which can save them thousands of dollars.
Conclusion
Selling a house in Affton and other St. Louis County residential real estate markets can be challenging, especially with declining affordability and older properties that are less attractive to prospective buyers. However, homeowners have