A lot has been said about how impractical it is to sell your home fast to investors who buy it in its current condition, but why is it that it still is very popular? In the traditional way, you will list your home with the help of a realtor, who then will make sure it’ll be known in the market. But while it’s a proven way to sell your property, there is no denying it’s a very time-consuming process; and even though you probably will find a buyer for a price that’s near your expectations, you’re not really getting clean cash since you’ll have to cover a lot of costs, too.
Because of the fact that sellers are compelled to pay for the realtor’s commission and might have to cover the expenses for repair, many are leaning towards the next best alternative, which is to sell their property to investors who are willing to pay cash for it.
Here are some more reasons why you should consider this option:
1. If you’re in a hurry, then this is your best option.
It’s safe to bet that you already know how long it takes to sell a home when you list it with a realtor. So don’t expect your home to be sold in under six months. We’re not even talking about some buyers who haven’t started the process of applying for a mortgage loan. But if you deal with an investor who intends to buy your property with cash, there no longer is a need to go through the usual process like listing your home or even waiting for the buyer to get a loan approved.
2 – You don’t have to put money in selling your home.
One of the greatest ironies of selling a home in a traditional real estate market is that you most likely will be compelled to shell out some cash to cover repairs. In contrast, house-buying investors will purchase your property in its current condition without requiring you to fix anything, even those that are obviously in need of fixing.
3 – Say goodbye to commission fees.
When you decide to sell your home the traditional way, you most likely will hire a realtor to do the job for you. Because of this, it is your responsibility to pay for that agent’s commission fees, which represents what’s due for his or her efforts. For the most part, commission fees are 6% of the selling price of your home. In other words, there is no way you will get the whole amount based on the selling price. On the other hand, selling it to a cash buyer means that you’re in direct negotiations with them, suggesting you get the amount in full based on the selling price of the home since there are no realtors and commission fees involved.