If You Think You Understand Houses, Then Read This
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, therefore, explains some of the benefits of selling a home directly to a real estate investor.
. 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. However, when you are listing the property with a real estate agent, you will have to wait for several months for the property to be advertised before you a get an offer.
The second benefit of selling a house to a cash buyer is that you get money fast. 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. Real estate investor will be able to provide cash immediately for the home or wait for the day you are moving out. Home cash buyers have available money to buy to buy your property and does not need a bank loan to fund the purchase.
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. It is important to note that home buyers who buy property from realtors usually use mortgage loans that need six or more months to mature. Hence for homeowners who want to avoid foreclosure of their property or the ones that need money fast for emergency purposes selling directly to a cash buyer is the recommended strategy.
The third advantage of selling a home to cash buyer is that it helps a homeowner avoid payment of huge commission fees. 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.