In this case study, we will be tackling how real estate owners can achieve the best maximum sale price for a particular property by doing a number of things. First, it is important that you are a cash buyer. A cash buyer means that you need to have an upfront payment to the property. Yes, you will have to buy the property without any mortgage and all the paper work that can get in the way. Next, it is also important to take a closer look at the contemporary designs used by these property cash buyers in order to maximize the value of their home.
23% less per square foot
In the US, it has been established that cash real estate buyers purchased their homes and condos with an average price of 23% less than the real value of the property. In some areas, you can even expect as much as 58% discount on these real estate properties during the first quarter of the year.
A lot of cash buyers are willing to take on homes that are in poor condition. The purpose is not to settle in these houses but to improve it and make it a better one.
Another reason why cash buyers are forced to purchase these real estate in cash is the fact that these houses sometimes don’t qualify for financing given their overall condition. Therefore, it naturally becomes cheaper.
Contemporary design and Appreciation
Appreciation of real estate is quite common. However, it is important to maximize its overall value. In order to maximize the value of the property, it is imperative to have it renovated. Renovation can be quite tricky. Choosing the design should be carefully crafted towards efficiency. And the best option for this scenario is the contemporary design.
What makes contemporary design in demand? For one, it offers efficiency within the home. It can lead to savings in the long run. There are homes that can even be transformed to the ideal green real estate property making use of solar panels. Next, you can also expect that modern designs are always more expensive.
If you wish to buy a property, it is a good idea to be a cash buyer if you have the resources to do so. This gives you the chance to get the most out of your property once it appreciates in value. Also, choosing a contemporary design is a great way to attract more buyers and to make sure that more buyers are interested.