When planning to sell a home, the first thing that comes in mind is listing the property with a realtor to have it put on the market. However, if you take your time to go through the process of listing with a realtor, you will find that they are more costly than when selling it directly to an investor and is also time consuming. However, you can look beyond the realtors and think about selling to an investor for cash.
The the process of working with an investor may be new to you, but it is one that is worth your try especially if you need a quick home sale. There are many benefits that are linked with selling a home to an investor. This article looks at some of these benefits.
Listing a house of realtors can be a time-consuming process. Your home may be marketed through advertising and open houses with an average listing agreement of six months. After a potential buyer has been found; they may have to be eligible for a mortgage which can potentially lead to delays or a collapse of the deal.
It is a different case with the investors as they will buy the property with cash and close the deal right in time. This is quite beneficial especially if you are in a situation that requires quick cash. The buyers will make a cash offer within 24 hours, and after a few days, your cash will be ready.
Sell Your House in its Condition
When selling your home through a real estate agent, the chances are that the buyer expects a home that is good condition. Go this route may require you to make some changes such as repainting, installing a new roof, and replacing the floor among other things. The disadvantage with this is that you might spend a lot of cash with no guarantee that you will sell the house at a price that will recover your investment.
Cash home buyers differ in that they buy the home in its current condition saving you from having to spend more money on renovations.
No Commission Fees
When selling through the traditional real estate agents process, a flat fee or a commission must be paid based on the agreed-upon percentage of the selling price. Cash home buyers don’t ask for any commissions and have no hidden charges.
If you are in a dilemma where your mortgage payment is running behind, and your lender is threatening foreclosure on your property, then you need a quick solution. The investors or cash home buyers can help you avoid this foreclosure and give you the cash that you need to move on.