When you put your home on the market, more often than not, you’ll make the most profit by selling to a traditional homebuyer. But this isn’t always the case. If you’re considering selling, you should think about how attractive your property might be to an investor.
Investors evaluate property using different criteria than homeowners. As Chris Romany, a Realtor with House Solutions in Orlando, Florida explains, “Investors typically buy homes to do one of two things: fix it up and sell it, or they’ll buy and hold it to let the capital appreciation increase, and in the meantime, rent it out.”
Given these scenarios, here is what you can do to increase the market value of a home and make it more attractive to investors:
In some markets, rents are growing at a faster rate than home values. If you live in one of these areas, it’s smart to value your home both ways, as it just might be worth more to an investor. This is particularly true if investors have bought several homes or properties in your vicinity, as is currently the case in markets like Orlando, Detroit and Houston. These are signs that the market value of a home may be higher in the eyes of investors.
You can use APV’s Home Rental Value tool to help determine what factors might increase your home’s value to investors.
It takes just four minutes