Listing the home on the MLS or getting a direct cash offer; both are different processes. Selling to an investor is not a good idea all the time as you might benefit from a retail sale. Working with an agent, on the other hand, doesn’t always work. In some situations, a cash sale of your home can get you more money, and peace of mind. No rule says you should always try listing on the MLS or find an investor to sell your home.
However, both options are available to you. You can review the pros, cons, and differences to see which option is the best fit for your situation.
Real estate agents are paid a commission when they sell the house. The commission price is equally split between the listing and buyer’s agent. Conventionally speaking, 3% goes to the listing agent, and 3% goes to the buyer’s agent. If you’re selling your home, you’ll end up paying that 6% commission to both parties.
There are no such charges when you sell home for cash to a real estate investor. Real estate investors are direct buyers. No broker is involved, so there is no need to pay any commissions or referral fees. You sell a house fast without paying commissions.
A real estate agent helps you with the sale of your home. He/she is not a direct buyer, and therefore there is never a guarantee about the timings. Depending on market conditions, you might get an offer within a week, or it might take a couple of months to sell the house.
Your real estate agent will use his experience, skills, and network resources to find buyers for your house. Realtors have access to MLS, where they get the maximum exposure for your home.
Opposite to that, an investor is the buyer, so you don’t have to go and find buyers. You can contact a real estate investor, agree on a price, and sell house fast within a few days.
It’s rare to sell a home for asking price. Most of the time, sellers will have to reduce their price at least once to get more offers. That’s why it’s better to start with an average cost to get the maximum exposure for your home.
Selling to an investor is different because you discuss a fixed price cash amount that goes straight into your account. Once done, you don’t have to negotiate here and there. You will know exactly how much you’ll get for the house.
Let’s say you find a buyer and agree on the price. The house is under contract, but your job is not finished. You still have to wait and see whether the buyer can get approved for the financing.
The buyer’s bank will review the details to determine loan eligibility. The financial institution will require a property appraisal to confirm the value of the property. Wrong appraisal or inspection results can hinder your sale.
An investor-assisted sale doesn’t involve these steps. You show your home only once, and that’s it. After that, you don’t have to worry about inspections or appraisals. Your home will be sold regardless of the market conditions, or the repairs required. All you have to do is to review the offer, accept it, wait for the title company to do its job, and you get your money transferred right to your account.
Interested in getting a cash offer for your house? Contact us now to receive a fair cash offer and sell your house fast within two weeks.