Owing a house is one of the lifetime investments plan that many people make.Therefore when selling the house, you need to obtain the best deal possible to ensure you get value for your money. 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.
It is important to note that many homeowners prefer selling their house directly to an investor instead of listing it with a realtor. There are many benefits of selling your house directly to a cash buyer. 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 first advantage of selling your house to a real estate investor is the fact that it is the fastest method available in the market today. You will be able to get the money fast and easily with minimal hustle. This is because cash buyers have ready money to pay for the house. Once you have identified a real estate investor, they will come and view the property and propose a deal within twenty-four hours. After negotiation and you have agreed on the value of the house, the investor will provide money within seven day.
It is important to note that this quick sale procedure is not possible when listing your house with a real estate company. Buyers who buy listed properties normally use mortgage financing to provide payment. The bank can take several months processing the mortgage application before it finally offers the loan to an individual. It is important to note that in some instances the house buyer may not qualify for the mortgage funding making the real estate agent to start looking for a new 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. There is no need to carry out expensive repairs and home improvements activities because the investor will buy your house as it is. When listing your house with a realtor, you will be required to make the house look new.