Did you know there is more than one way to sell your house fast?
When most people plan to sell their house, they start looking for an experienced realtor in their area. However, this isn’t the only way to sell a house and it might not be the best way to sell your house fast depending on your circumstances.
Another great option is to sell your house fast to an investor. If you are wondering if this might be a good idea for you, then read ahead to learn about the top 10 advantages of selling to an investor to better understand the benefits!
1. Selling On Your Timeline (Fast Or Slow)
Selling a house is tremendously stressful for a lot of reasons. One of the big ones is making sure you have a new place to live.
It’s hard to make a serious offer on a new house when all your money is tied up in the old one. But, you also need a place to live while shopping for a new house.
Traditional real estate deals are uncertain (they can fall through at any point), which makes timing both sales difficult.
One of the many advantages that you need to know is that an investor will let you pick whatever close date you want. This makes it super easy to coordinate the sale of your old house with the purchase of a new one.
2. No Commissions
When you sell a house with a real estate agent, you have to pay commission. The price tag varies but it typically comes out to about 6% of the home’s sale price. That means that when you sell a house for $350,000, you have to immediately pay your agent $21,000.
As long as you have enough equity in your home, you don’t pay this out of pocket. For this reason, some people don’t look at it as an expense. However, that’s $21,000 of your investment that you have to give to someone else.
3. The Investor Will Pay All Of The Fees
Commission isn’t the only fee you have to worry about at closing time. There is a whole list of costs including title costs, loan payoff fees, attorney fees, transfer taxes, etc.
If you sell your house fast to the right investor, you won’t have to worry about any of these costs. The investor will cover all of them.
4. No Repairs To Make Or Buyers Asking For Concessions
There is typically a lot of negotiation during a real estate sale. The agent will handle them and a good agent will ensure that most of the negotiations go in your favor. Even so, there are always buyers asking for concessions. Many times, sellers end up having to agree to some of them to get their house sold.
A big one is buyers asking for repairs after the inspection turned up a couple of negative points in the home. When you’re short on time and money, the last thing you want to do is make repairs. Investors are often looking for homes they can fix up and resell. In other words, they couldn’t care less about you making repairs on the home.
5. No Showings
Nobody likes them, but buyer showings are an important part of selling your house. Unfortunately, plenty of neighbors and other “lookie-loos” will eagerly turn up to take part in touring your home.
When you sell your house fast to an investor, you only have to get ready for one walkthrough. Plus, cleaning before the investor visits is optional. One of the many advantages that can save you time and money!
6. Easy To Understand Paperwork
Did you know that real estate transaction documents are about 50 pages long? As you might imagine, this much information is overwhelming and it’s easy to miss something important.
Without all the concessions and back and forth, the paperwork for selling to an investor is pretty short and sweet — not to mention, easy to understand. One of the many advantages that can help you be on top of your selling experience.
7. No Escrows Falling Through Because Of Bank Financing
One of the top reasons that real estate deals fall through is that the buyer couldn’t get financing from their bank.
When selling to an investor, this concern evaporates. Investors are likely going to pay cash for houses, meaning there is no bank to contend with and it gives them the ability to buy the house, solely based on the price – so things like inspections and appraisals will not cause the deal to fall through. This is one of the advantages that is really helpful and can definitely make or break a sale!
8. Flexibility To Your Needs
How many buyers would give you a cash advance on your home sale before closing? How often are buyers willing to give you a “moving out” period after closing? The answers are none and very few.
However, investors are not bound by the same rules because they are using their own money. They can work with you to come up with the best solution for your needs and to help your situation without having to ask a bank for permission. The list of advantages goes on and on!
9. No Prep Work
Selling a house requires a lot of preparation and work. You have not only have to clean and stage the home, but you also have to work at keeping the house neat at all times. You also have to hustle everyone out when potentials buyers come to view the place.
One of the many advantages that you need to know is that all of that goes away when you sell your house fast to an investor.
10. Leave What You Don’t Want Behind
When selling to an investor, many of them will allow you to leave behind things that you don’t want. This can be super handy. If you’ve ever moved out of a house after living there for a number of years, you’ll understand why. You’ll find so much stuff lurking about your house that you need to get rid of.
Rather than making multiple runs to the garbage dump, you can leave unwanted items at the house and let the investor deal with it all.
Ready To Sell To An Investor?
You can’t deny the advantages of selling to an investor. When you choose this route, you get to enjoy all these benefits and more.
But be warned, you need to choose the investor carefully. The world is full of real estate investors looking to take advantage of people having a hard time. That’s not the way we work here at Mrs. Property Solutions.
Instead, we’re all about offering people a fair price for their homes. Sometimes it takes some number magic, but we’ve even managed to make fair offers on homes that other investors have turned down!
Intrigued? Want to know more about selling to an investor? Give us a call today to find out what are your advantages and what we can do for you so you can sell your house fast!