Last Updated on March 1, 2023 by Tabraiz
Congratulations – you’ve decided to sell your home! Now what? A few things should be considered before someone puts on an offer. One of these is hiring an agent, but if the house isn’t in perfect condition, chances are that the realtor will suggest you repair and improve the property to compete in the market aggressively.
Traditionally, when a homeowner thinks about selling his property, the first thing that comes to mind is to hire a real estate agent. If you have ever sold a house before, You know firsthand the requirements, steps, and situations related to listing a property in the market. On the contrary, if it is your first time selling a home, you may think the house will be sold in days after signing a contract with your realtor.
Sellers, especially new ones, don’t know the disappointments and stress that represent selling their houses through the market. Agents prefer to sell homes in perfect condition. Thus, if a home needs some improvements or its owners face a difficult situation, most agents refuse to list the property.
Let’s look at the differences between selling your house through the market and selling it to a Real Estate Investor.
listing your home vs. selling it to a Real Estate Investor.
|Activity.||Selling w/ An Agent.||SOLD To an Investor.|
|Inspection & Financing Contingency*:||Yes, sales can fall through.||NONE.|
|Appraisal. Needed:||Yes, the sale is often subject to appraisal – The seller pays the fees.||Investors pay for appraisal.|
|Average Days Until Sold:||+/- 91to 180 Days||IMMEDIATE CASH OFFER|
|Number of Showings:||On average, 20 showings.||1 (The Investor)|
|Who Pays For Repairs?:||Typically, The Seller. However, during the Inspection Period, repairs can be negotiated.||NONE – The investor pays for repairs.|
|Commissions / Fees:||You, the seller, pay 6% on average.||NONE.|
|Closing Costs?:||You, the seller, pay 2-5% on average.||NONE – The investor pays for costs.|
|Closing Date:||91-180+/- days after accepting the buyer’s offer.||The Date Of YOUR CHOICE.|
When you sell your house to an investor, you don’t need to worry about spending time or money improving it to satisfy buyers; instead, they can take another route by contacting investors who can buy houses as is. Distressed homeowners and those who, for whatever reason, are selling their homes can sell them quickly without spending a dime.
If you are selling your house for cash, you may prefer to close quickly and at the best price. Real estate investors can buy your property and close the buying-sale transaction in about seven days. Here is a simple explanation of how the purchasing process typically works.
Please take a look at how the home-buying process works for you.
Investor’s home-buying process can be explained in three easy steps.
First, Contact a company that buys homes. Fill out the information form on their website or dial the phone number directly. Then, provide your home address and contact information to get feedback within the next 24 hours.
Second, After visiting your home, you will receive a cash offer within 24 hours. The offer is based on your house evaluation and the market conditions.
Third, After you accept the offer, a team of experts will work with you to complete the required paperwork and wire you the funds to finalize the purchase.
Many investors don’t depend on banks or lenders to pay for properties. They use their capital, which means you will receive cash for your home in about seven days.
In the real estate process, buyers undergo mortgage approval loans. Banks and lenders want to be sure that the debtor will be able to pay back the home loan. Reviewing and final decision on a loan application takes 30 to 45 days. Sometimes applicants are turned down after the qualification process.
Real estate agents can not guarantee a smooth and quick sale. They not even can give you top dollars for your property.
Selling your house for cash in Bend, Oregon, or elsewhere is as easy as 1,2,3.
Selling your house for cash implies using different avenues. You can sell your home yourself, partner with a broker, hire a real estate agent or contact a real estate investor.
Whatever method you use represents effort. When homeowners want or need to sell quickly, there is no doubt that selling the house to an investor is the best move. In this option, Sellers can negotiate the best price for them, do not need to perform home repairs, and have no worries about closing costs. No hassles, and more importantly, peace of mind.
Are you ready to sell your house for cash?
Please leave a comment if this information is good for you.