Selling Your Home to Investors: Advantages and Benefits
The moment you decide you’re selling your home, there are actually several ways you can do it. Obviously, the first one is where you list it with the help of a real estate agent. Secondly, you can choose to just sell it straight to a real estate investor. While the first one is the conventional route, there has been a recent increase of preference from homeowners for the second option. Well, it’s not really a complete surprise because any seller out there will definitely be intrigued by the prospect of getting cash in return for their house once they deal with a real estate investor. But mind you, it’s more than just the fast cash though. Now let us take a closer look at the best reasons why you should give this option some serious consideration.
1 – You get to close the deal in 24 hours.
One of the biggest disadvantages of listing your home with a real estate agent in a traditional real estate market is that closing the deal can take months, even years for some. But if you go with online investors who buy houses with cash, you potentially could close the deal and get cash in a day or two.
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2 – You sell your house in its current condition.
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Another reason why it makes sense to sell your home to an investor is because you no longer need to spend money, time, and effort in fixing whatever it is that needs fixing. For a traditional sale, you will be required to fix any damage to your house before anyone gets to be serious in buying it. Therefore, it may be true that you can sell your home for a higher price tag in a traditional sale, but the thing is you also will be required to spend money for the repairs, which literally means that the difference in the sale price is being offset by the repair expenses.
3 – You don’t have to pay for real estate agent commissions.
Lastly, many homeowners finally realized that in selling their home to a direct buyer like a real estate investor, they no longer have to pay for the commission given traditionally to a real estate agent. While you are always given the assurance that the commission you’re paying is just a very little amount when compared to the money you’re getting in a successful sale, in reality, you’re actually paying them 6% or even more in commissions, which roughly translates to a substantial amount.
In the end, selling your home to a real estate investor is definitely your smartest option right now, especially if the main reason why you’re selling it in the first place is to get fast cash and avoid the hassle involved in a traditional sale.