Advantages of Selling a Home to a Cash Buyer.
There are several techniques an individual can use to sell their home. The first strategy involves listing the home with a realtor while the second method entails selling the property directly to a real estate investor. This article, therefore, explains some of the benefits of selling a home directly to a real estate investor.
. When selling your home directly to a real estate investor, you will get a deal within twenty-four hours. After contacting a real estate investor, hey will come and access your home and give you an offer within a day. However, when you are listing the property with a real estate agent, you will have to wait for several months for the property to be advertised before you a get an offer.
The second benefit of selling a house to a cash buyer is that you get money fast. Real estate investor will consult with you the fair value of the home as it is without forcing you to make the repairs. It is important to note that you will decide if you want cash for the home immediately you have agreed on the fair value of the home or wait until you move out. Real estate investors have cash at hand to buy your property and do not require mortgage funding.
On the other hand, when listing your property with a realtor, you will have to wait for more than six months to get money deposited in your bank. Many people who buy homes from real estate agent use bank loans to fund for purchase and this types of loans generally require a duration not less than six months to mature. Thus if you need to sell your home fast to avoid foreclosure or in case you want money urgently, listing the home with a real estate agent is not a viable option.
The third reason why you need to sell your property directly to a real estate investor is because they don’t charge any commission. When listing your property with a realtor, you need to understand that real estate agent take up to ten percent of the total value of the home as commission. This reduces the profits the homeowner should have enjoyed in case they had opted to sell directly to a real estate investor.
In conclusion, it is advisable for a homeowner to sell their home directly to a real estate investor as opposed to listing the property with a realtor because of the reasons explained in this article.