Say for example that you are a bit puzzled whether to sell your house with the help of a real estate investor or real estate agent, then reading the whole content of this article is going to give you valuable info that can help you come up with valuable decision.
Step number 1. Determine how fast you want to sell your house – a lot of us have gone through the conventional home buying process before. Real estate agents can help us find a house that suit our preferences and interests, have our inspections as well as appraisals performed, get approved for financing and then, negotiate with the seller. The whole process is going to take around 30 to 45 days and it can be 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.
But the question is, what if you need to sell the house fast? Well, this is where a real estate investor comes to the scene because they can buy houses faster compared to traditional sales for few reasons such as 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.
Doing Properties The Right Way
Step number 2. Know what repairs the house needs – when the buyers are searching for homes in older neighborhoods, many are expecting that they will need to make some updates and modifications here and there. So long as everything’s in working order, mortgage companies are typically fine with this. Say for example that your house is in good repair but needs few updates, then you will not have much trouble in selling it to real estate agents.
Lessons Learned About Options
On the other hand, what if your house needs remodeling and repair? You better contact a real estate investor in regards to this because they’re willing to buy houses no matter what its condition. Basically, they are specializing in buying houses in “as-is” condition with full understanding that there’s a chance that the property might have serious issues.
Step number 3. Be aware of the actual costs associated in selling your house – the commissions from the real estate agent, closing costs, negotiations as well as soft costs are just some of the costs associated with the conventional real estate sale. It is your real estate agent who will be handling and explaining these things to you.
If you’re transacting with a real estate investor on the other hand, they don’t apply any charges but, they will buy houses that is below its market value so they can spend the money and time needed to remodel and repair the house and get to sell it for profit.