Reasons for Selling a Home to a Real Estate Investor
There are many methods a homeowner can use when they want to sell their house. The strategy to be used by a homeowner is determined by the urgency for cash and the personal requirements. For instance for a person who needs money fast, listing the home with a realtor is not the best idea. This is because the process takes a lot of time since the home needs to be advertised and showcased to different home buyers until a suitable buyer is found. Apart from guaranteeing quick cash availability, there are multiple advantages of listing a home with a real estate investor as opposed to listing it with a realtor. This article, therefore, explains some of the advantages of selling a home to a real estate investor as opposed listing the property with a real estate agent.
The primary advantage of selling a house to a cash buyer is that it does not involve any payment to a real estate agent. On the other hand, when listing your property with a real estate agent you will pay huge commission fees for the services offered once the home has been sold. In most cases realtors charge ten percent of the total value of the home. Buying or building a home is an investment that should appreciate with time, hence when selling the home homeowners should make profits from the venture, listing the property with a real estate agent and paying ten percent of the value of the home will reduce your profit margin. However, when selling the property directly to a real estate investor you incur zero commission fees thus you are able to get full value of your home.
The second advantage of selling a home to a real estate investor is that they will buy the property as it is. It is important to note that real estate investors will give you a deal after examining the condition of your property and value the home in its current state. However If you opt for listing the home with a realtor, you will be required to do various home improvement projects to make the property easy to market to home buyers. Realtors demand that homeowners undertake various projects such as roof repair, painting, kitchen remodeling, and landscaping. Real estate agents make it mandatory for an individual to do these projects to make the property easy to sell by improving its face value. In case you lack the resources to undertake such improvements then selling the home directly to a cash buyer is the best alternative.
In conclusion, selling a home to a real estate investor is the best strategy for a homeowner who requires money fast and is avoiding foreclosure of their home.