Benefits of Selling a Home to a Real Estate Investor
There are many reasons why an individual can decide to sell their home. There may be need to move to bigger home as the family grows, change of job location, or an urgent financial situation and the home is the only viable option to get cash. When you have decide to sell your property there are many ways you can use. However the two common methods of selling a home involves listing it with a realtor or selling directly to a real estate investor. Many homeowners nowadays prefer the second strategy because it offers many advantages as opposed to listing the property with a real estate agent. This article therefore discusses some of the benefits of selling a home to a real estate investor.
The first advantage of selling a home to a real estate investor is that it fast. When selling a home to a real estate investor they will come and view your property. After examining the property, a real estate investor will give you an offer in less than twenty four hours. On the hand when listing the home with a realtor, the property will take several months for a prospective buyer to be found. The real estate agent needs time to showcase the property to many buyers.
The second benefit of selling a home to a real estate investor is that it offers first cash availability. It is important to note that a real estate investor will be able offer money for the house immediately you have both agreed on fair valuation of the home. Real estate investors have cash to buy your home and do not depend on bank loans. On the hand when listing your home with a realtor you will have to wait for several months for the loan to be processed usually six months. Hence for an individual who needs cash urgently selling a home to a cash buyer is the best option. If you are avoiding foreclosure of your home, the perfect option is selling to a cash buyer.
The third benefit of selling a home to a real estate investor is that there is no commission payment. When listing a home with a real estate agent you will be required to pay a ten percent commission for the services offered. Payment of commission has an effect of reducing the amount you will receive for the house hence reducing your revenue.