Those planning to sell their homes usually automatically think of listing the property with a realtor. This, fortunately, isn’t the only option you have. Instead of using the old traditional method, you can sell your house to an investor and expect all the advantages that come with it.
Listing your home with a realtor can be time-consuming. Even if someone showed interest in the property, they probably still need to qualify for financing, which only makes the process even longer. When selling to a private buyer, the sale could as well depend on how your property fares during an extensive inspection.
Real estate investors, on the other hand, will purchase your house with cash and close the deal instantly. This can be a great advantage if you have an urgent need for cash. Investors can give you a no-obligation cash offer in 24 hours, and usually, you will have the money in your bank in only a few days.
No Need for Repairs or Renovation
Selling a house the traditional way means doing repairs or renovations with the goal of making the property desirable for potential buyers. For example, you may have to replace flooring, repaint the interior and exterior, get a new roof, etc. Worse, you may be spending a big amount of money without any guarantee that you can set a sale price that allows you to recoup your investment.
In contrast, real estate investors will buy your house at the current state it’s in. That means you need not shell out funds for repairs or renovations. The purchase price will understandably be adjusted as necessary.
No Cleaning Needed
When selling the conventional route, another thing you have to ensure is that the house is immaculately clean, because that is exactly how buyers want it to be. If you sell the house to an investor, that is totally unnecessary. As a result, you will be able to save time, energy as well as cash. Just get what you want to keep for yourself, and leave what you don’t need.
Zero Fees and Commissions
Real estate agents don’t work pro bono. Each time you use their services, they either get a commission (around 6% of the purchase price) or a fixed fee. That stays true, regardless of the agent’s amount of involvement in the deal. 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. Therefore, you have to do a little research before deciding which one is right for you.