Are you planning to sell your house of late? You might be shifting to a new city soon and need to sell off your old property fast. Now, home sellers are often in a dilemma whether to sell house the traditional way through real estate agent- or to sell house as is to professional house buyers. Well, the post below offers a brief on selling house with real estate agent versus selling house as is to investors.
Selling house through real estate agent
When you sell house through real estate broker, your house will be listed in the market for prospective buyers. The agent will bring buyers to your home, show them your property and negotiate the deal for you. In case, your home needs repair, you will have to take care of most of the fixes beforehand. However, a potential buyer might also agree to take up the repair works but that would affect your selling price.
But selling through real estate agent is a time consuming and uncertain affair. You never know how long will it take to find the right buyer. Most importantly, you never really know for sure whether your realtor will be able to find the ideal buyer. At times, home sellers are forced to settle with not-so-compatible deals just because they were in a rush. So, you always have such risks with a realtor. Then, it takes 30 to 60 for the final closing after your buyer accepts the deal.
Moreover, when you sell your home through a real estate agent, you have to pay a certain amount as commission to the broker. It’s something like 6% on average on part of the seller. You will also need to pay around 2% closing costs. On top of that, sellers selling through real estate brokers are generally subjected to inspection & financing contingency fee.
Selling home As Is
Selling home As Is is dramatically different from selling home in the conventional way. The home as is buyers are home investors who will buy your home with instant cash. So, how we buy houses?
Well, when you contact a home as is buyer, s/he will ask you about the condition of your home. One of the best perks of selling your home this way is that you don’t have to handle the repairs before selling. In fact, the home as is buyers buy house in any condition- including ugly houses in the most dilapidated condition and houses with tenant issues. After you inform them about your property, they will come and visit your house and hand you full cash in just 7 days. Moreover, you won’t have to pay closing costs or inspection fee and broker fees. It’s just 7-14 days are you are relieved of your old ugly home with full cash in your hand. No longer will you need to wait for the closing date as well. You can choose a closing date as per your convenience.
Thus, if you have to …