When planning to sell a house, most people automatically think of listing the property with a realtor. This isn’t your only option available though. Instead of going the traditional route, you can sell your house to a real estate investor, which offers several significant advantages.
Listing your home with a realtor can be time-consuming. Even if someone showed interest in the property, they probably still need to qualify for financing, which only makes the process even longer. If you plan to sell to a private buyer, the sale can also be contingent on your house passing an extensive inspection, which is isn’t always assured.
On the other hand, real estate investors will buy your house with cash and close the deal immediately. This can be a huge advantage if you’re selling the house to meet an urgent need for cash. Investors can give you a no-obligation cash offer in 24 hours, and usually, you will have the money in your bank in only a few days.
No Need for Repairs or Renovation
When selling your home the traditional way, you will likely have to do some repairs or renovations so it will look attractive to buyers. You may, for instance, have to improve landscaping, repaint your home’s interior and exterior, install a new roof, etc. Worse, you could spend so much with no guarantee that your house could be sold at a price that lets you recover your expenses.
In contrast, real estate investors will buy your property at its current condition. That means you need not shell out funds for repairs or renovations. Of course, the purchase price will be adjusted as needed.
No Cleaning Needed
If you sell your house using the traditional method, you have to make sure it is immaculately clean because that is how typical buyers will want it before they move in. If you sell the house to an investor, that is totally unnecessary. As a result, you will be able to save time, energy as well as cash. Just take what you want and leave whatever you don’t need anymore.
Zero Commissions or Fees
Real estate agents don’t work pro bono. Either they are paid a commission, which is about 6% of the purchase price), or a flat rate. That stays true, regardless of the agent’s amount of involvement in the deal. Selling your property to an investor means you don’t have to pay them anything, flat rate or commission.
The above are the key advantages of selling a house to an investor, but keep in mind that these companies are not all the same. Therefore, you have to do a little research before deciding which one is right for you.