Those planning to sell their homes usually automatically think of listing the property with a realtor. This isn’t your only option available though. Rather than doing it the conventional way, you can sell your house to an investor and expect many significant advantages.
Selling your house through a realtor can take a lot of time. Even if someone showed interest in the property, they probably still need to qualify for financing, which only makes the process even longer. If you plan to sell to a private buyer, the sale can also be contingent on your house passing an extensive inspection, which is isn’t always assured.
On the other hand, real estate investors will buy your house with cash and close the deal immediately. This can be a huge advantage if you’re selling the house to meet an urgent need for cash. You could get a no-obligation cash offer in as little as 24 hours, and your payment just a few days after.
No Repairs or Renovation
When selling your home the traditional way, you will likely have to do some repairs or renovations so it will look attractive to buyers. You may, for instance, have to improve landscaping, repaint your home’s interior and exterior, install a new roof, etc. Worse, you could end up spending a big amount of money without any assurance that you will be able to sell the house at a price that is enough to recoup your investment.
In contrast, real estate investors will buy your house at the current state it’s in. That means you won’t have to do any repairs or renovations. The purchase price will understandably be adjusted as necessary.
No Need to Clean
If you sell your house using the traditional method, you have to make sure it is immaculately clean because that is how typical buyers will want it before they move in. If you sell to an investor, there is no need for that. This translates to time, energy and cash savings. Just take what you want and leave whatever you don’t need anymore.
No Commissions or Fees
As we all know, a real estate agent doesn’t work for free. Each time you use their services, they either get a commission (around 6% of the purchase price) or a fixed fee. That is true, regardless of the work that the agent puts into your transaction. Selling your property to an investor means you don’t have to pay them anything, flat rate or commission.
These are the general advantages of selling your house to a real estate investor, but remember that not all of these companies are the same. Thus, you have to do a little homework before choosing the one that’s best for you.