Advantages of Selling a Home to a Cash Buyer
There are many reasons that can make homeowners sell their property. There may be need to move to bigger home as the family grows, change of job location, or an urgent financial situation and the home is the only viable option to get cash. There are many ways of selling a home. However currently the most used methods of selling a home involves listing the property with a realtor or selling it directly to a cash buyer. Many people like selling a home to a real estate investor as opposed to listing the property with a real estate investor. This article highlights the various importance of selling a home to a real estate investor as opposed to listing the home with a realtor.
The first benefit of selling a home to a real estate investor is that it is quick. All you need to do when selling a home to a cash buyer is to get them to your home to view the property. It is important to note that cash buyers provide homeowners with a deal for the house within twenty four hours after seeing the home. On the hand when listing the home with a realtor, the property will take several months for a prospective buyer to be found. The real estate agent needs time to showcase the property to many buyers.
The second advantage of selling a home with cash buyer is that you will quickly get the cash. It is important to note that a real estate investor will be able offer money for the house immediately you have both agreed on fair valuation of the home. Real estate investors do not depend on mortgage loans and will be able to offer you cash immediately you have both agreed on the fair value. On the hand when listing your home with a realtor you will have to wait for several months for the loan to be processed usually six months. Hence for an individual who needs cash urgently selling a home to a cash buyer is the best option. Also if you are avoiding foreclosure of the home you need to sell directly to a cash buyer as opposed to listing the home with a realtor that will take several months for you to close the deal.
The third advantage of selling a home to a real estate investor is that it does not involve payment of commission. Listing the home with a realtor involves payment of huge commission fees usually more than ten percent of the total sale. This reduces your return on investment and you don’t get the full value of the home.