Much has been said about how you shouldn’t be dealing with investors when you’re planning to sell your home, but why is it that so many people still do? The traditional route when it comes to home selling is by listing it with a realtor, who in turn will be responsible for putting the word out to the market. Yes, it’s quite true that you will eventually sell your property in the traditional way; but mind you, it’ll take a very long time to do so and in most instances, you can’t even get the right cash based on the selling price considering the expenses you’re compelled to cover.
With the tradition of compelling the seller to pay for the realtor’s commission and covering the costs of repairs for the house, many people are now starting to realize that they are better off dealing with investors who are willing to pay cash and without the need of repairs or the middleman.
Here’s a bunch of reasons why you must give this option a serious thought:
1. If you must sell your house fast, this is your best option.
It’s safe to bet that you already know how long it takes to sell a home when you list it with a realtor. You never should expect your home to be sold within six months. You even have to wait longer for a prospective buyer to qualify for a mortgage. On the other hand, selling your home to an investor is just the better route to take if you want it fast because they won’t require you to wait for a very long time to list your home or wait for them to get approved for a loan.
2 – You’re not supposed to spend money in selling your home.
It’s actually kind of ironic for a home seller to be compelled to spend money to cover the costs of fixing his or her house before it can be sold. Now if you sell it to an investor, there no longer is a need to have it fixed and pay for the cost because these companies will pay you cash for your home, regardless of what condition it is in.
3 – Say goodbye to commission fees.
In the traditional way of selling your house, you usually will tap the services of a realtor, who in turn will help you sell it without you breaking a sweat. Because of this, it is your responsibility to pay for that agent’s commission fees, which represents what’s due for his or her efforts. For the most part, commission fees are 6% of the selling price of your home. This means you’re not really getting the whole amount based on the selling price. On the other hand, selling it to a cash buyer means that you’re in direct negotiations with them, suggesting you get the amount in full based on the selling price of the home since there are no realtors and commission fees involved.