If you are confused whether to sell your house with the help of a real estate investor or real estate agent, then reading this article can give you valuable information that can help you come up with valuable decision.
Step number 1. Determine how fast you want to sell your house – many of us have gone through conventional home buying process before. Real estate agents will help us find a house that fit our preferences and interests, have our inspections as well as appraisals performed, get approved for financing and then, negotiate with the seller. The entire process normally takes 30 to 45 days and it can be both stressful and exciting at the same time. For a lot of people, this is only part of the process and thus, they’re expecting it to happen.
The question that many are wondering is, what if you’ve got to sell the house fast? This is where a real estate investor will come to the picture as they can buy houses a lot faster compared to the traditional sales for few reasons like investors are working directly with you and these investors are also self-financed meaning, they don’t need approval from the bank to make a purchase.
Step number 2. Know what repairs the house needs – when buyers are looking for a house in old neighborhoods, they assume that they will be making some updates as well as modifications here and there. Mortgage companies are typically fine with this as well so long as everything’s in working order. In case that your house is in good repair but requires few updates, then you will not have much trouble in selling it to a real estate agent. Know how do we buy houses websites work here!
On the other hand, what if your house needs remodeling and repair? When it comes to this, you should contact a real estate investor because they’re willing to buy a house regardless of the condition. As a matter of fact, these investors specialize in buying houses in “as-is” condition with full understanding that there’s a possibility that the house have serious problems.
Step number 3. Be aware of the actual costs associated in selling your house – there are several costs that are associated with the conventional real estate sale and this includes the commissions from the real estate agent, closing costs, negotiations as well as soft costs. All these are handled and will be explained to you by your real estate agent. To understand more about real estate, visit http://www.encyclopedia.com/topic/Real_estate.aspx.
If you are transacting with a real estate investor however, they will not apply any charges but they are going to buy the house below the market value so they can spend the cash and time needed in remodeling and repairing the house and sell it to get profit, find an investor to buy your house with cash quickly here!