Owing a house is one of the lifetime investments plan that many people make. Hence when you decide to sell your home, you need to look for the best deal available so that you get return on your investment. There are many ways a person can sell their homes. An individual can decide to use the conventional method where you list the property with a real estate agent. 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. This is because selling the house directly to a real estate investors has many advantages compared to listing the property with a real estate agent. This article discusses some of the importance of selling your house to a real estate investor as opposed to listing the house with a real estate agent.
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 because real estate investor normally have ready cash to pay for the house. Once you have located a real estate investor, they will come and examine your property thereafter propose an offer immediately. You will negotiate with the cash buyer and after you both have agreed on the price you will have money in your account within seven days.
This is not possible when listing your house with a real estate agent. It is important to note that individuals who buy listed properties normally use loan financing as a means of payment. The bank can take several months processing the mortgage application before it finally offers the loan to an individual. In some cases the process may not be successful in which case the real estate agent starts the whole process again looking for another 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. You will not be required to undertake home improvement or repairs that are normally very expensive. When listing your house with a realtor, you will be required to make the house look new.