Benefits of Selling a Home to a Real Estate Investor.
There are ways an individual can use to sell their home. The two most common ways consists in selling a home to a cash buyer and listing the house with a real estate agent. This article highlights some of the reasons why you should sell your home to a real estate investor.
The first reason why many homeowners like selling their homes to real estate investors than listing the property with a realtor is because it is fast and straightforward. 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. 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 advantage of selling a home to a real estate investor is that is there is fast cash availability. After giving you an offer for the home, you will negotiate with the real estate investor and agree on the fair value of the home. 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. This is because many home buyers who buy listed property depend on mortgage loans and this requires time as the bank needs to verify the credibility of the individual before issuing the loan. 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 benefit of selling a home directly to a real estate investor is that there is no commission payment. 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. It is important to note that by listing the property with a real estate agent you will not be able to realize the true value of the home since realtor’s charge high commission fees for their services.
In conclusion, selling the home to a real estate investor is beneficial than listing the property with a realtor as explained above.