Buying house is one of the major investment decisions that an individual can make. Thus when an individual decides to sell their house, they need to look for the best deal possible to ensure they get value for their investment. There are many ways a person can sell their homes. First is the traditional method, where you list the property with a realtor. Also a person can decide to sell directly to a real estate investor.
The two strategies have their unique advantages and disadvantages however many homeowners prefer the second method than the first method. There are many benefits of selling your house directly to a cash buyer. This article therefore explains some of the advantages of selling the house to a real estate investor as opposed to listing your house with a real estate company.
The first advantage of selling your house to a real estate investor is the fact that it is the fastest method available in the market today. Selling the house to a real estate investor provides a faster way to sell your house with minimal hustles. This is due to the reason that cash home buyers normally have ready money to purchase your property. Once you have located a real estate investor, they will come and examine your property thereafter propose an offer immediately. After negotiation and you have settled on the price of the house, the real estate investor will provide you with money for your house on the day of moving out usually less than seven days.
This fast sale process is not possible when listing your house with a realtor. Real estate agents normally use buyers who are dependent on loan financing. The bank will take several weeks processing the loan request of the buyer because they are a lot of information to analyze before providing mortgage. In some instances, the buyer may not qualify for the loan financing making the realtor to start the whole procedure again looking for a new buyer. This process of getting a buyer when your house is listed may go on for several months. Therefore when you want money urgently, or you are avoiding foreclosure of your house you need sell your house to a real estate investor.
The second reason why you need to sell your house to a cash buyer is that they will purchase the property in its current state. It is important to note that cash buyer will buy the house as it no need to incur expensive repair costs. When you listing your property the realtor will demand that you do all the necessary repairs so that the house looks perfect.