Planning on selling your home through a real estate agent?
If you’re like most people, you probably answered yes.
But did you know that there are actually some big-time benefits of selling your home to a real estate investor?
Here are three big benefits of selling your home to real estate investor, versus through a realtor, that are crucial to consider if you’re hoping to make the selling process a smooth one.
- Avoid Expensive Repairs
When you sell your home through a real estate agent they may ask you to fix things so your house shows better. Then there are nit-picky buyers who often request repairs. Plus, you’re responsible for taking care of any repairs that come up during inspection.
If you have a house that has a leaky roof, a cracked foundation, really old plumbing, or a termite infestation, it can be a pretty hard blow, especially since these types of things tend to cost thousands of dollars to fix or replace. Not to mention that even the cost of minor repairs can add up quickly.
When you sell your home to a real estate investor they buy it as-is and take care of all the repairs for you. If your house is in poor shape that can be a big relief.
- Zero Fees
Using a realtor is the most expensive way to sell your home. There are comission fees, which typically range from 3 – 7%. There’s the cost of inspections and appraisals. Then there are closing costs. Plus, you may encounter costly curveballs such as big repairs, seller concessions, or a low appraisal.
With a real estate investor you don’t have to deal with things such as closing costs or hidden fees. In fact, you don’t have to deal with fees at all.
A real estate investor buys your house for cash as-is. When they give you a price that’s it. There are no lenders, no appraisers, and no surprises.
- A Speedy & Flexible Timeline
While the timeline depends on the location and market conditions, selling your house through a real estate agent typically takes three months to a year. On top of that, there’s the time it takes to close, which can be pretty slow going.
You know the old saying, “Time is money.” It’s a good one.
If it takes a long time to sell your home, you’ll end up with hefty holding costs (the costs of maintaining the home) such as property taxes, HOA fees, insurance, utilities, landscape maintenance, and mortgage interest.
A real estate investor can typically close as quick as seven days. And they let you decide which closing date works best for you. They tend to be flexible on the move-out date too.
Now, don’t get us wrong, if your house is in perfect condition and you’re not in a hurry to sell, selling through a real estate agent is probably a good way to go.
But if if you’re facing foreclosure, liens, or bankruptcy, are going through a divorce, have a house that needs a lot of repairs, are going through probate, or just want a stress-free option, selling your home to a real estate investor is ideal.
They can often offer you close to what you would net selling the traditional route. And it’s a quick and painless process.
If you want to learn more about how selling your home to a real estate investor works, click here.