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 strategies an individual can use when selling their house. First is the traditional method, where you list the property with a realtor. The second method involves selling the house 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 advantages of selling your house to cash buyer compared to listing it with a realtor. 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 primary reason why you need to consider selling your house to real estate investor is the fact that it is the quickest strategy an individual can use to dispose their property. 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 come into contact with a real estate investor, they will first examine the property and put a deal on the table within twenty-four hours. 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 is not possible when listing your house with a real estate agent. Real estate agents normally use buyers who are dependent on loan financing. Banks normally take several months to process mortgage applications. It is important to note that in some instances the house buyer may not qualify for the mortgage funding making the real estate agent to start looking for a new buyer. The process will continue until a potential buyer is obtained in which case your home may remain listed for several months or even years before you get cash. Hence when you want to sell your house quickly or you need the cash urgently you need to consider selling your house to a real estate investor.
The second advantage of selling your house to a real estate investor is that they will buy the house in its current condition. It is important to note that cash buyer will buy the house as it no need to incur expensive repair costs. When listing your house with a realtor, you will be required to make the house look new.