5 Reasons You Should Work With An Investor Instead of An Agent To Sell Your House
It’s time to sell your house. You keep asking yourself if you should hire an agent to sell your house. Do you want to pay commissions? How long are you willing to wait for the house to receive an offer? How long will it take to close? What sort of repairs will you have to make? Are you available to show your house with 24-hour notice, or less?
No Property Showings
If you decide to sell your house directly to a professional house buyer you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your house. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway.
No Commissions or Fees
Real estate agents are paid based on a percentage of the sale price of your house. If you do not use an agent, there will be no commissions paid to a buyer’s or seller’s agent. That means thousands of dollars in savings! The usual commission is 3% per side, so if you sell your house for $400,000, you would have to pay $24,000 out of your proceeds in commissions alone, along with the traditional seller’s closing fees and other possible transaction fees to the closing agent and the real estate agents office. Real estate investors typically do not charge commission or transaction fees, and if they do, it is extremely low in comparison.
Waiting Time Frame
Real estate agents have access to the multiple listing service, or MLS, which allows your property to be found in searches for certain features of a property. This may sound great, but how long will it sit on the market? How fast will you receive offers? Real estate investors and other direct house buyers typically have a network of other house buyers, so if your property doesn’t fit their portfolio, then it may fit one of their colleagues’ portfolios. Either way, this means very limited waiting time for an offer. Also, when you sell your house directly to house buyers, they will typically close faster than traditional buyers, and usually pay full in cash. Traditional house purchases usually require qualifications from banks, mortgage underwriting time, property inspection and the buyer may not end up qualifying in the end.
Inspections & Repairs
Professional house buyers will usually purchase houses as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction. When you use a real estate agent, the buyer’s agent will almost always order an inspection of the property. If they find something wrong with the property structure, they may require you to fix it out of pocket before the property closes.
You Have Time
When you work with an investor instead of an agent to sell your house, you will likely have time after the closing to move out. When you work with an agent. You are normally expected to vacate the house on or before the day of closing since the property
When you sell to us, you don’t have to worry about cleaning up after you move out or make any repairs. We buy your property as-is and will give you time to find your new house!
Want to learn more about why you should work with an investor instead of an agent to sell your house? Give us a call today at 757-699-1198 or send us a message to get your offer!