Benefits Of Selling A Home To A Real Estate Investor
An individual has two main options when selling a home. The first method involves listing the property with a realtor. The second common strategy you can use to sell your home is by dealing with directly with a real estate investor. The method you use to sell your home will be determined by your financial position and other factors. For example, if you are facing foreclosure, listing the property with a real estate agent is not a good option because the process can take years. Listing a home with a realtor is not preferred when facing foreclosure because you will take time doing home repairs and renovations such as painting and remodeling. The home is then staged and different buyers are allowed to see it. All these stages and process can take even a year to complete. However, when dealing directly with a real estate agent the sale process can be completed even within a day. Thus for an individual who is expecting home foreclosure dealing with a real estate investor is the best option. This article therefore discusses some of the advantages you will get when you sell your home to a real estate investor.
The primary advantage of selling a home to a ash buyer is that you don’t do home repairs and renovations. When selling your home directly to a real estate investor no need for home renovation or repairs because they will accept the make the purchase regardless of the condition of the home. Undertaking home renovation is expensive because you will hire various companies. If you opt to list your property with a real estate agent you must be ready to do home repairs and renovations. By undertaking home repairs and renovations you will improve the appearance of the home and this attracts home buyers. But when dealing with a real estate investor, you will agree on the value of the home as it is thereby saving you the repair and renovation costs.
The second advantage of selling a home to a real estate investor is that you avoid paying realtor’s fees. Realtors are generally paid commission based on the price paid by the home buyer. When hiring the services of a real estate agent, you will agree on the fraction that will be used to pay for the services in case the home is sold. For example, there are real estate that charge up to ten percent of the total money received from the sale proceeds. Paying such high fees will reduce your earnings. Therefore many homeowner who want to avoid huge commission payment like selling their homes to real estate investors directly.
In conclusion, selling a home to a real estate investor has many benefits as explained in this article.