If you’ve decided that it’s time to sell your property, either because you want to buy another one or because you want to access the equity, you have a few options. Most people will immediately turn to a real estate agent and put their home on the market, going through the traditional channels of selling a house. However, you can also sell to an investor. Real estate investors are interested in buying properties quickly, and you can close the deal without an agent. This might work out better for you for three specific reasons. These are the advantages of selling your house for cash.
When you sell your property directly to an investor, you’ll keep more of the profits in your own pocket. You won’t have to pay any commissions to real estate agents. A commission can be up to seven percent of the purchase price of your home. Instead of handing that money over to your own real estate agent and the buyer’s agent, you can keep it for yourself. You’re not losing any money on agent commissions.
You also won’t have to worry about any closing costs. Depending on the state of the market, you could be responsible for thousands of dollars in closing costs and fees. With a private investor, you’ll have a quick closing that doesn’t cost what it would if you were selling your property through a traditional real estate transaction.
In addition to earning more money, you’ll also have less work to do when you sell your home directly to an investor for cash. You won’t have to plan or schedule maintenance or make upgrades to your property. There’s no need to stage it for open houses or work hard to keep it spotless in case showings are scheduled. Most investors buy property as-is.
The final advantage is the best one for many people: you’ll close faster. Investors will want to make this deal and close it as quickly as possible. That means you won’t lose money waiting for the house to sell and you won’t have to count the days to your closing. The entire process can be worked out in a matter of weeks.
Selling to an investor makes sense for a lot of reasons. If you want to sell quickly and avoid expensive commissions, closing costs, and repairs, you should consider selling to an investor.