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Updated over 8 years ago, 05/09/2016

User Stats

8
Posts
3
Votes
Jeff Kochtanek
  • Investor
  • Leawood, KS
3
Votes |
8
Posts

Benefits to seller for an off-market, as-is sale

Jeff Kochtanek
  • Investor
  • Leawood, KS
Posted

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.

  1. Avoid realtor commissions
  2. Reduced CG tax
  3. Avoid cost of minor repairs and deep cleaning to make market ready
  4. Avoid potential additional repair costs if not sold as-is (termite, radon, other repairs, etc)
  5. Avoid cost of home warranty (any other closing cost extras to mention?)
  6. Time value of money, I will close 2+ months sooner so they can invest proceeds sooner
  7. Value of time, seller accelerates timeline to move out of state after they sell
  8. Seller just walks away with far less effort to sell 
  9. 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!

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