There are many strategies an individual can use to dispose of their homes. The first method involves selling directly to a real estate investor. While the second strategy of selling a house involves listing the property with a real estate agent. The second strategy is the conventional way of selling and therefore has been used by many home sellers in the past. 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 homeowners prefer selling their homes to a cash buyer instead of listing the house with a realtor. 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 you have agreed with the cash buyer on the value of the home, they will provide you money instantly for the house because they have ready cash and does not rely on any form of a loan.
On the other hand, when listing your house with a realtor, your house can remain listed for many years before the real estate agent gets a buyer. Even after finding a prospective buyer who is interested in buying your house, you will have to wait for six months before getting cash for the house.
This is because buyers who purchase homes from realtors normally use mortgage loans to pay for the house. Mortgage take six months for banks to process fully. 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. With this kind of situation your house can be listed for many years before getting a buyer.
, therefore, it is more prudent for an individual who needs money urgently to sell to a cash buyer. This method is also perfect for individuals who want to foreclosure of the property because it enables to easily sell their quickly before the banks come for the house.
The second advantage of selling to a real estate investor is that they will buy the home in its current state. This eliminates the need to conduct home repairs and improvements.