Advantages of Selling a Home to a Cash Buyer.
There are ways an individual can use to sell their home. You can decide to sell your home directly to a real estate investor or list the property with a realtor. This article highlights some of the reasons why you should sell your home to a real estate investor.
The first benefit of selling a home to a cash buyer is that it is quick and straightforward compared to listing the property with a real estate agent. It is important to note that real estate investors provide an offer for the homes they buy 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. On the other hand when listing a home with a realtor, you have to wait for several months for the real estate agent to market the house and showcase it to different customers until a suitable home buyer is obtained.
The second reason why you need to sell your home to a real estate investor is because you get the money quickly. It is important to note that after offering you the deal, you will agree on the fair valuation of the property at it is with the cash buyer. After you have come to an understanding, a cash buyer will be able to give you money immediately for the home or wait for you to move either of which you will be the one to decide. Real estate investors have cash at hand to buy your property and do not require mortgage funding.
But when you have opted to list your home with a real estate agent, you will have to wait an extra six months to get money for the house after a buyer has been found. 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 the home with a real estate agent, you will be required to pay massive commission that usually accumulates to more than ten percent the value of the home. 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.