Deciding to put your house up for sale is a difficult task and weighing the options could take a considerable amount of time. The real estate market has dramatically changed and selling your home to real estate investors is the modern technique. Selling your house for cash is a great way to sell it as quickly as possible and reap considerable benefits without having to go through a realtor.
One of the advantages of using a local real estate investment company is that they are paying cash. “Typically, the realtor and closing fees for somebody selling on the open market are about 10 percent of the sale price,” says John Horner, the real estate investor behind John Buys Houses of CORE Developments LLC. “If you list your house for $100,000, and get the full price, you are probably only going to walk away with maybe $90,000.”
When selling on the open market, usually six percent of the sale goes to the real estate agent and then four percent goes to the seller’s closing cost and any issues found by inspectors. When the inspector finds obstacles, the price is renegotiated and the seller is expected to fix those problems before the sale of the property, thus decreasing the overall price one can gain from the sale.
Since the sale is not reliant on approved financing, appraised values or home inspections, the speed of the sale is much faster when using an investor! It is a long and slow dance waiting for someone to make an offer, to hear back with any price changes or various updates, to make a counter offer and to finally close out the sale of the house. A few days are all you need to see the money from the sale when using an investor, instead of what could be weeks with the traditional realtor route.
With the traditional route, selling homes can have multiple complications. Sometimes an offer is accepted, but the buyer is unable to receive a loan. In other cases, the buyer may back out of the sale at last minute and, therefore, starting over to prolong the sale process even longer. However, when selling your house for cash, none of these issues will be of concern. Loans will be a thing of the past and the buyer will have paid cash for the sale and cannot back out.
Cash convenience, speed of the sale and avoiding complications are some of the benefits when selling your home to a real estate investor. So, when you are deciding on putting your house up for sale, think of how the long drawn out process of selling your home traditionally will be a thing of the past and move on with your life as quickly as possible with a real estate investor.