Benefits of Selling a Home to a Real Estate Investor
There are many explanations as to why a person can resolve to sell their property. An individual will need to move from their home for many reasons including if they need a bigger house as the family grows, if they get a job transfer, or if they have a financial emergency that needs urgent attention and selling the home is the only option. When you have decide to sell your property there are many ways you can use. But the two commonly used methods involves selling a home directly to a real estate investor or listing the property with a real estate investor. Many people like selling a home to a real estate investor as opposed to listing the property with a real estate investor. 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. When selling a home to a real estate investor they will come and view your property. After viewing your home a real estate investor will offer you a deal within twenty four hours. However when listing a home with a realtor you will have to wait for many years because there is need to search for a potential buyer. This is because the realtor will have to advertise and showcase the property in order to find a suitable buyer.
The second advantage of selling a home with cash buyer is that you will quickly get the cash. A cash buyer will offer you cash for the home after you have agreed at the fair value of the home. Real estate investors do not depend on mortgage loans and will be able to offer you cash immediately you have both agreed on the fair value. However when listing a home with a real estate agent, you will have to wait for many months for the mortgage loan to be processed. This therefore implies that if you need cash urgently then you need to sell your home to a real estate investor. For an individual avoiding foreclosure of their property selling to a cash buyer is the best alternative.
The third importance of selling a home to a cash buyer is that it does not involve payment of commission. Listing the home with a realtor involves payment of huge commission fees usually more than ten percent of the total sale. This reduces your return on investment and you don’t get the full value of the home.