Importance of Selling a Home to a Real Estate Investor
There are many reasons why an individual can decide to sell their home. As the family grows, a person needs a bigger home, a job transfer to a new location or even urgent need of money and the home is the only source of income. 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 homeowners nowadays prefer the second strategy because it offers many advantages as opposed to listing the property with a real estate agent. This article therefore discusses some of the benefits of selling a home to a real estate investor.
The first benefit of selling a home to a real estate investor is that it is quick. After you have found a real estate investor, all you need to is show them your property and they will do the required estimation. After viewing your home a real estate investor will offer you a deal within twenty four hours. 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 benefit of selling a home to a real estate investor is that it offers first cash availability. A cash buyer will offer you cash for the home after you have agreed at the fair value of the home. Real estate investors have cash to buy your home and do not depend on bank loans. 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. If you are avoiding foreclosure of your home, the perfect option is selling to a cash buyer.
The third importance of selling a home to a cash buyer is that it does not involve payment of commission. Selling your home through a real estate agent involves payment of a mandatory fee usually ten percent of the total amount. Payment of commission to the realtor implies you incur an extra cost when selling your home.