WHAT IS THE BEST WAY TO SELL YOUR HOUSE?
The Difference Between a Real Estate Agent and Real Estate Investor
Deciding to sell a house can appear overwhelming, stressful, and complicated process to home sellers. To make sure that you’re guided along the way, find a real estate professional whom you can trust. But you can also talk to a real estate investor to determine what selling path is the right way to go.
For some people, the term “real estate investor“ has a lot of connotations to it. We’ve included all of the information you need to know in order to make a smart and well-informed decision on whether you should sell your home “to” a real estate investor or “with” a real estate agent.
While there are many different home selling options available. for now, let’s look at the difference between a realtor and a real estate investor.
|REAL ESTATE AGENT||REAL ESTATE INVESTOR|
|Commissions / Fees:||Plan on about 6% of the final sale price going to your agent for commissions||$0 – Direct buyers|
|Who Pays Closing Costs?:||Sellers will spend about 2% of the final sale price in closing costs||$0 – Handle all costs|
|Inspection & Financing Contingency*:||Required by lenders and up to 15% of sales fall through because of it.||Not required|
|Appraisal Needed:||Required by lenders before the loan is funded||No – Funds are in place before Making an Offer|
|Average Days Until An Offer:||+/- 83 Days||24 Hours|
|Number of Showings:||Unknown – but you will have to keep it ready for showings||Only to the Home Buyer|
|Closing Date:||Anywhere from 30-60 days after an offer has been accepted||Whenever is the most convenient for you. Can close in 7 days after the offer has been accepted.|
|Who Pays For Repairs?:||Negotiated between the buyer and seller after the inspection.||Home buyer will pay for all Repair Costs|
The Benefits of Selling Your House to a Real Estate Investor
1. All Cash Offers
Investors have their own money. Professional property investors typically close faster than traditional buyers as they don’t have to deal with loans. Most real estate investors pay for properties in cash so you won’t have to worry whether or not a buyer has been approved for a loan.
2. Purchase Houses As-Is. No Prep Work
With a direct sale to a property investor, you will be able to sell your property without spending any time or money working on the house. They buy properties as-is, so you can hold on to that cash and use it toward your next property.
3. Flexible Timeline
Sometimes homeowners sell in a very specific timeline, you might need more time in moving, or you need a short sale transaction where you’re in a situation to leave the house quickly. You usually have more control over the close date with a real estate investor, since you’re not timing a move-in date the same way a traditional home buyer is.
4. No Hidden Fees Or Lengthy Contracts
Home cash buyers are direct buyers, which means there is never any cost to work with them. There are no commissions to consider or expenses to get your house listed on the MLS. Uses a simple and straightforward, one-page agreement between a buyer and seller. Helping not to overcomplicate the process of selling or give you the runaround, straightforward professional buyers who are ready to help you with any difficult situation or property.
When you consider all of the time and money, selling your house directly to a real estate investor can save you. You might find that a direct and straightforward sale is the solution you have been waiting for. That said, we will always encourage you to explore your selling options so you can make the decision that is right for your situation.
5. Save You Time.
You won’t have to deal with any of the time-consuming processes required with a direct sale. There are no open houses, lengthy paperwork processes, hoops to jump through from the bank, or expenses you will have to deal with in order to sell. Making things easy, without any cost to you.
A great perk of a fast sale is the elimination of holding costs. By selling in a few days vs. months down the road, you’ll be able to potentially save thousands on utility bills, homeowners insurance, property taxes, and other costs that you would otherwise be paying to own the home.
What is the Best Way to Sell Your House?
Here’s what you need to know… watch below!
Final Thoughts on Selling Your House to a Real Estate Investor
John Medina Buys Houses is dedicated to helping you make the best decision regarding your home selling options. We want to partner with you to find the best way out of a stressful situation. Our process is direct and to the point. We strive to give back in all we do. We’re here to help you throughout the entire process, even helping you to find a new home!
But we are about much more than the sale. We could guide you find the best route to take for your specific situation. To help you out, Download our GUIDE: How Selling Your House to a Real Estate Investor Stacks Up Against Your Other Options. This will walk you through the decision process to help you decide what’s best for you.