“The investor takes care of whatever repairs needed in the house and doesn’t receive a commission for buying from you” – Viktor Rybachuk.
The traditional way of selling your house has to do with getting in touch with a qualified realtor whose job is to help put the house up for sale. If they are good enough, they’ll help put everything in place to ensure that the house meets the market standard in order to get a good price. This process, however, is always time-consuming and also cost consuming. If you’re one that is facing foreclosure for example, you could get caught up by your lenders before the house is off the market. The good news is that the traditional method of selling your house is not the only option you’ve got. Instead of going the usual way of enlisting realtor’s assistance, you can always sell to an investor.
Selling The Traditional Way
You may choose to work with real estate platforms such as Zillow, Trulia or Redfin but then your main goal is getting enough exposure for your property and this is very possible when you seek the services of good real estate agents who work with homebuyers. The downside of this method is that you’ll have to carry out repairs and other improvements on the property to make it look better. You may end up spending a lot while doing this. Keep in mind that expenses such as home insurance, mortgage, and utilities are going to be paid by you and at the end.
Selling To An Investor
There are many benefits of selling your house to an investor. Before we look into the good sides of this method, keep in mind that investors will only buy your house below market value. This method may not be as widely adopted as the traditional method of selling but it’s worth considering especially if you are looking to sell quickly without spending a dime on repairs or improvements. Here are some of the benefits of selling your house to an investor.
No Commission Fees
Selling your house with a real estate agent demands that you pay both your agent and the seller’s agents in addition to money spent on repairs. Should you sell to an investor, you don’t need all of those.
“The investor takes care of whatever repairs needed on the house and doesn’t receive a commission for buying from you, says Viktor Rybachuk, real estate investor in Seattle and one of the best realtors for selling homes as is.
Getting Your Cash On Time
One of the talking points of selling your house to an investor is the speed at which you get your cash for the property. Unlike the traditional method that may take months, it takes the investor less than 14 days to get you paid. They don’t need to get qualified for a loan to acquire your property, they have the cash already and are willing to make an offer after inspecting the property.
No Need For Repairs
The investors are aware that your house may not be in good shape. This is why they make an offer which is below market value. If you were to sell with the aid of an agent, chances are that the prospective buyers are hoping that your house is in top shape. And to make that happen, you need to make repairs that will cost you.
You Can Avoid Foreclosure
If you are behind mortgage payments, and your lender is threatening to foreclose, selling to an investor could help close the deal within a short period of time unlike agents that take weeks, maybe months. Selling to a reputable investor help will help you get cash on time for you to move on with your life.