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Updated over 8 years ago, 05/09/2016
Benefits to seller for an off-market, as-is sale
I am negotiating an off-market SFH in Kansas City and need help quantifying the seller's cost savings of selling to me as-is rather than listing on the MLS for more. I have already peaked their interest with the facts below and would love to hear additional suggestions from the community.
- Avoid realtor commissions
- Reduced CG tax
- Avoid cost of minor repairs and deep cleaning to make market ready
- Avoid potential additional repair costs if not sold as-is (termite, radon, other repairs, etc)
- Avoid cost of home warranty (any other closing cost extras to mention?)
- Time value of money, I will close 2+ months sooner so they can invest proceeds sooner
- Value of time, seller accelerates timeline to move out of state after they sell
- Seller just walks away with far less effort to sell
- Lower risk of seller backing out
Background...seller has rented out this house for 23y and is moving out of state. CG tax is a big concern, they even considered moving in for 2y to reduce CG! Seller cannot begin prep to make market ready until current lease ends late June. I have no bidding competition, if seller does not take my price they will list on MLS in July. Seller not under contract with a realtor and owns free & clear.
Thanks for your feedback and feel free to lay down points that may also help others, even if not relevant for me. Hopefully we can build a strong list helping others venturing into off-market deals!