There are many methods a homeowner can use to sell their home. The first method involves selling directly to a real estate investor. The second method of selling your house is by listing it with a realtor. It is important to note that listing a house with a realtor has been used by many homeowners because it is the oldest strategy of selling a house. However selling directly to an investor is the common strategy that many homeowners are currently using when they are disposing of their property.
There are many reasons why many home sellers prefer selling directly to a real estate investor instead of listing their houses with a real estate company. This article explains some of the advantages of selling to a real estate investor instead of listing the property with a realtor.
The first importance of selling the house to a cash buyer is the fact that it is the quickest means an individual can use when disposing of their homes. When you are selling directly to a real estate investor, they will come and view your property and provide you with a proposal price immediately. After a successful negotiation with the owner of the property, a real estate investor will provide cash for the house because they normally have ready money and does not rely on any form of loaning.
It is important to note that when listing your house, your house can remain in the market for many years before the realtor finds a suitable buyer. Even if they get a buyer for the house, you have to wait for another six months, before you get cash for your home.
This is because buyers who purchase homes from realtors normally use mortgage loans to pay for the house. The banks need a minimum duration of six months to process a mortgage. In some instances, the banks fail to give the buyer the loan forcing the realtor to begin the whole procedure again looking for a new buyer. In such kind circumstances, your house can remain listed for many years before you get cash.
, therefore, it is more prudent for an individual who needs money urgently to sell to a cash buyer. Selling to a real estate investor is also beneficial to homeowners who are avoiding foreclosure of their homes.
The second advantage of selling to a real estate investor is that they will buy the home in its current state. There is no need to undertake expensive repairs ad home improvements which you will be required to undertake when listing the property.