Whenever you understand as much as possible about your competitors, you’re in a better position, which holds especially true when concerning selling an old property in Atlanta. There are many differences between selling an old property in Atlanta vs selling a new property, including the potential market value and final sales price, with the new property selling at substantially higher prices.
With a more thorough understanding of the differences between old property and new, the current available inventory, and recent sales history, you’ll be armed with the necessary information to make the best decision for your particular situation. If you’d like to learn more about these differences, read on as we explore the five differences between selling an old property in Atlanta and a new property.
Carrying Costs
Carrying costs, or holding costs, is one of the significant differences between selling an old property and a new property in Atlanta; typically, older properties cost more in energy, maintenance, and unexpected repairs. The chances of your property having HVAC, roof, electrical or plumbing issues is much greater since your property has been getting used for years, whereas a new property, all the systems are just beginning their life span. In many cases, paying an extra $50 a month for a home warranty plan with a service provider can help save you thousands of dollars if your main systems are getting to the age where they will fail sooner than later. You may also be carrying traveling costs and the expenses of another property if you’ve moved before selling. All these things can start to add up and really eat away at any profit you were getting, providing you with a massive headache and a tapeworm to your wallet. Professional buyers like those at ATL Cash Home Buyers can help you understand the potential costs and provide you with some options that make sense for your situation.
At ATL Cash Home Buyers, our professional buyers can provide a guaranteed closing date, often within two weeks. If we can’t buy your property, we have been in the Atlanta real estate market for a while and have tons of connections with other investors, wholesalers and agents representing buyers. If we can’t buy your home, we have several options to help you get it sold. We even have a licensed real estate agent on staff that can list your home for you if your property is nicer and you stand to make more money going on market the traditional way.
Rarity
Another difference between selling an old property and a new one in Atlanta is that older properties tend to have an architecture with distinct features; if very few like yours are available, you could demand more. Though lots of new construction of higher value have some amazing designs, both interior and exterior, the middle to lower end properties that are newly built, tend to be very cookie-cutter. If your property has a lot of charm and character because it’s older, pending the location, you could get more money just on this feature alone. The professional buyers at ATL Cash Home Buyers can help you understand your market position, target buyer, current market value, potential carrying costs, and more to help you decide on the best way to sell your property.
Modernity
More modern technology and up-to-date safety in the materials used in new properties make them more desirable. Especially when you start to get to higher value properties, these features really make getting your older home sold at a premium a little more difficult. This difference between selling an old property and a new property in Atlanta may mean that improvements are necessary to compete. You probably don’t want to hear this because it could mean having to spend tens of thousands of dollars to get your home at a competitve state. However, there are options to make this a reality.
If you have tried to obtain the money to rehab your current property but aren’t having any luck, at ATL Cash Home Buyers, our professional buyers buy properties as is, so there’s no need for the cost, hassle or time involved in improving your property. Get rid of that problem property and use the funds to move forward.
Market Saturation in Atlanta
If older properties are flooding the market, you may need to adjust your sales price or make improvements to stand out. Professional buyers like those at ATL Cash Home Buyers can help compare what you’d profit by listing as-is or making improvements vs. our offer for a direct sale. At ATL Cash Home Buyers, our professional buyers will detail every figure used to make a cash offer that you’ll agree is fair. If we can’t buy it because you’ve already made all the necessary improvements, we can help you get your property sold on-market so you can reap the benefits of all your hard work and labor.
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Newer homes conform to more modern trends, another difference between selling an old property and a new property in Atlanta. Professional buyers like those at ATL Cash Home Buyers can help determine if your property requires remodeling to current standards when selling an old property in Atlanta. At ATL Cash Home Buyers, our professional buyers know this may be one of the largest transactions of your lifetime, and we want to help you make an educated decision about selling. We are your neighbors here in Atlanta and we are transparent because we want you to feel good about working with us long after you’ve left the closing table. We want to build a lasting relationship with you and that means providing you with the knowledge and options so that you can make the best decision for you.
Professional buyers at ATL Cash Home Buyers know the differences between selling an old property and a new one in Atlanta. When you sell directly to a professional buyer at ATL Cash Home Buyers, we make it easy and uncomplicated. At ATL Cash Home Buyers, we’ll walk you step by step through the process, saving you time and money with our full-service in-house professionals. At ATL Cash Home Buyers, we handle every transaction phase without closing costs, commissions, or hidden fees. If you have questions or concerns, including a request for a specific closing date, talk to one of the pros at ATL Cash Home Buyers today without any obligation. Call ATL Cash Home Buyers at 404-439-9984.
