Reasons For Selling A Home To A Real Estate Investor
An individual has two main options when selling a home. You can list the property with a real estate agent. The second popular option involves selling directly to home cash buyers. The method you use to sell your home will be determined by your financial position and other factors. For instance if you are facing foreclosure, then it is not advisable that you avoid listing the home with a real estate agent. When listing the home, the process takes a lot of time because you are required to do home improvements such as painting and this cannot be possible when you are facing foreclosure. The home is then staged and a suitable home buyer obtained through various real estate marketing techniques. All these stages and process can take even a year to complete. But when selling to a cash home buyer the whole process can be done within a day. Thus for an individual who is expecting home foreclosure dealing with a real estate investor is the best option. This article therefore discusses some of the advantages you will get when you sell your home to a real estate investor.
The primary advantage of selling a home to a ash buyer is that you don’t do home repairs and renovations. When selling your home directly to a real estate investor no need for home renovation or repairs because they will accept the make the purchase regardless of the condition of the home. Undertaking home renovation is expensive because you will hire various companies. If you opt to list your property with a real estate agent you must be ready to do home repairs and renovations. Home repairs helps to attract home buyers. However when selling directly to home cash buyer, you will negotiate on the value of the property based on its current condition.
The second reason for selling your home to a cash buyer is that you won’t pay real estate agent fees. If you list you home with a realtor, and the property sold, you are required to pay for the services. When hiring the services of a real estate agent, you will agree on the fraction that will be used to pay for the services in case the home is sold. For example some real estate companies charge a commission of ten percent calculated on the value of the home. Paying such high fees will reduce your earnings. Thus numerous homeowners are now considering selling their homes to cash buyer as opposed to listing it with real estate agents.
In conclusion, selling a home to a real estate investor has many benefits as explained in this article.