A lot has been said about how impractical it is to sell your home fast to investors who buy it in its current condition, but why is it that it still is very popular? For the traditional way of selling your home, you do it by listing the property with the realtor’s help, who in turn will ensure it’ll be known 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.
If you’ve done your research, you probably already know by now that listing your home with a realtor just takes a lot of time. The average time in which you finally find a prospective buyer is six months. This does not even talk about the waiting period for a potential buyer to apply and get approved for a mortgage loan. But with investors, you won’t have to list your home or wait for a buyer to get a loan approved since they will be buying it with cash no questions asked.
2 – You don’t have to put money in selling your home.
It is a little bit ironic learning the fact that as a seller, you still are compelled to spend money intended to cover repair costs of your home because no one’s buying it if it’s not in tiptop condition. But sell it to an investor and you won’t be required to fix anything since the very concept is to buy a home in its current condition.
3 – Say goodbye to commission fees.
When you decide to sell your home the traditional way, you most likely will hire a realtor to do the job for you. 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. In most instances, agents stand to make around 6$ of the selling price of the home. This means you’re not really getting the whole amount based on the selling price. But because there are no realtors involved when you negotiate directly with a cash buyer, it means you are getting the money in full based on the agreed upon selling price.