Contact Why Your 50-Year-Old Clients May Need You The Most Realtors Vs The We Buy Houses Cash Companies

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Realtors Vs The We Buy Houses Cash Companies

When deciding to sell your home, you have two options. You can use the services of a real estate agent or sell it yourself to the company We Buy Houses Cash. Each situation has its pros and cons, which we’ve outlined for you below. Every situation is different, and we want to make sure you make the best decision. We’ve also outlined some key questions you should ask yourself before making this big decision.

Real estate broker. A real estate agent is the best source for selling your property. It has been proven that a real estate agent will make at least 10-20% more on your property than if you sold it yourself. It turns out that you can sell your home 50% faster by using the services of a local real estate agent. Since most agents are up to date with the latest trends, they will be able to guide you on which items need to be addressed in order to get the highest price for your home. For agents who specialize in your neighborhood, they may have connections to buyers through colleagues and past clients that you don’t have access to. An agent network is a very powerful tool that can get your home sold quickly. I recommend using a larger co-operative broker such as Berkshire Hathaway or Coldwell Banker Gundaker.

For any service provider, they are a cost of doing business. The average realtor fee is 6-7% of the sale price of your home. For example, if you sell your home for $200,000, you will have spent $12,000 to $14,000 at closing. If you decide to hire a real estate professional to sell your property, chances are you’ll be dealing with a financed buyer, which means you’ll likely pay anywhere from $3,000 to $5,000 in seller’s commission. Selling to a buyer with funds also means that once you sign the purchase contract, you typically have to wait 30-60 days for the transaction to close. Let’s also not forget the cost of inspections. Most cities require homes to pass an occupancy inspection. When the city sends out inspectors, there may be items that don’t meet the city’s requirements and can be expensive to fix. Potential buyers also hire a private inspector as they do their due diligence to see what the home might need. It can also become costly if the buyer has high demands before deciding to proceed with the purchase. Broker fees and inspection costs may be offset by the extra income earned from hiring a real estate professional.

We buy houses cash company. These companies often have a poor reputation in the region. They are often perceived as liars or dishonest people, when in reality these companies can serve people very well. Like anything, there are pros and cons to going this route. Since these ugly homebuyers are investors, they won’t offer you the full price of your home. They usually buy properties for 50-60 cents.

But before you kick these people out of your house, take a moment to consider the upside of selling to a cash investor. Fast cash! In most cases, these buyers have enough cash to purchase the property immediately. Not only is this a cash sale, but you don’t have to worry about paying any seller concessions. Many times they will even cover your transaction fees, which saves you extra money. These cash buyers will also save you huge realtor commissions. Since your property is being sold by the owner, there will be no broker involved. No Broker = No Fees! Did I mention that no checks will be done. Since this is likely a cash-as-is sale, buyers won’t be taking city or private inspectors through, meaning you won’t have to make any repairs to the property. So even though you might not get full price for what you think your home is worth, you can save tens of thousands of dollars in fees and repairs. They can close the deal in as little as 7-10 days if needed, which makes the deal even sweeter. The best part of selling to a cash investor is that you can leave items you don’t need in the property so you can save even more on moving costs.

This is a big decision and should not be taken lightly. Before you decide which route to go, you need to ask yourself some questions.

1. Does the house need repairs?

2. Is the house dated by today’s standards? What are other similar houses like?

3. Do I need to sell immediately?

4. Too many repair orders, I can’t handle it now?

5. Will a quick sale relieve me of the burden of dealing with the property?

If you answered yes to any of the above questions, then you might consider selling it to a local real estate investor who has enough cash to close the deal right away. A quick cash offer with no realtor fees, closing costs or huge moving costs may be best for you. If the home has been in good shape over the years and you can afford to sit on it for a while, your local real estate agent will be the best choice for you and your bank account.

Click below to learn more about Berkshire Hathaway or Coldwell Banker Gundaker.

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