There was one route to “SELL MY HOME” for many years, the traditional listing of a property on the market with a licensed real estate agent. Utilizing a licensed realtor to sell a home is efficient but may not be the best home selling solution for every homeowner. Each seller is facing different circumstances; some properties may be experiencing severe structural issues while others may be in the foreclosure process. In addition, the standard route of selling property may consume months, while you can complete the new popular method of selling directly to a home investor within twenty-one days.
Over the last decade, this newer way of selling property has gained enormous popularity, and it’s similar to listing the home for sale by the owner. However, instead of sitting back waiting for a potential buyer, the seller takes things into their own hands by submitting leads to multiple investors. Although the internet has provided quick and easy approaches to purchasing and selling property, most potential sellers can use google instantly rather than placing a for sale sign in a window or on the front lawn. The real estate industry is fast-growing, providing multiple options; it’s essential to review and consider the benefit of each option before making a significant decision.
Benefits of Using an Agent
There are many benefits of using a “LICENSED REALTOR” to purchase a house or when it comes time to sell a property. Just understand that any method to sell property is not the same; neither is every agent. Some agents are more equipped, knowledgable, and experienced. It’s important to qualify your realtor before possibly wasting time and money. A good agent has a proven track record of selling property fast for maximum profit. These proper agents have connections within the industry and can use their network to sell a home quicker than your average agent. It’s suggested to utilize an agent who’s very familiar with your area. This way, you can ensure the agent will not overlook a possible comp when determining the value of your home.
Using an agent can take months. The sale is subjected to walkthroughs or showings that typically occur in the evenings or on the weekends, making it difficult for a homeowner with a hectic schedule, pets, or children. After a potential buyer is placed, the home will be subjected to inspections that require costly home repairs to get the property to state standards. Inspection periods usually expose the flaws of each house; many times, the inspection results can be a deal-breaker. After the inspection and renovations are concluded, the buyer will have to get approved for their funds through a lender or a bank, which can consume weeks.
Using an agent can be expensive. Most agents require commissions of roughly six percent of the sales price. The six percent agent commission doesn’t account for closing costs; usually, one to three percent, & the capital gains tax varies from state to state. Once the transaction is completed before tax, the fees of using a realtor will be ten percent of the sales price. Each potential seller should consider these factors before contacting a local agent.
Cash Buyer/Real Estate Investor
Over the last decade, the route of selling a home directly to a local real estate investor has been a highly preferred method to sell a house. The two main aspects homeowners desire about selling property to a cash home buyer will be the quick closing and the ability to avoid fees and agent commissions. In addition, selling a property to an investor is more straightforward than most individuals assume. However, locating potential cash buyers is beyond easy; google specific terms like “SELL MY HOUSE” or sell my house fast. Google will compile its most accurate results through an extensive ranking process. Click on multiple websites and submit your contact information; compare each real estate investor’s offer to receive the highest cash proposition.
Most investors can close quickly, usually within twenty-one days. However, if you’re a homeowner desiring a fast closing for any particular reason, the quick cash sale will be the best method to fit your needs. Investors use title companies to perform the duties of clearing the title search while protecting both the buyer and the seller. The closing date can be set once the title company can clear documents to transfer the property’s deed. If you choose to sell to a cash buyer, the investor will require no repairs or renovations to be made. Most investors purchase property in as-is condition, regardless of tax liens or mortgage-paying issues. Since the investor is purchasing as-is, there will be no need for walkthroughs or inspections. Although avoiding inspections can be critical for a homeowner completing their real estate sale, many homes have issues hidden behind the surface that your average homeowner will overlook. The inspections expose these problems, and these costly repairs must be satisfied to finalize the sale. Find an investor who funds their projects; this way, you can prevent any financial contingency periods.
Just like agents, not every investor is equivalent. It’s important to qualify your cash buyer. A simple way will be to see if this investor is accredited by the Better Business Burea and examine their google reviews to get a sense of how this company conducts business. Selling a house is a significant decision; you want to ensure you are dealing with the appropriate individual to simplify and maximize profit on the house sale. Make a list of pros and cons for each option, and discuss this list with loved ones to evaluate their opinions. Conduct research to understand each process. Please do not make this decision quickly and ensure it’s what you genuinely want to do to avoid regret.
