Most people choose to stick to working with realtors when selling their homes without exploring the other options because that is the best way they know of doing business. However, not everyone has had a positive experience doing business with realtors over the years despite the fact that they are professionals who understand the real estate market. If you are tired of relisting your home or the problems of working with a realtor, you should consider selling your home to a cash buyer. Below are key benefits of selling your home for cash instead of working with a realtor.
If your home is in a rundown condition a realtor may not want to work with you or they may ask you to complete a list of repairs before listing it on the market, however, a cash buyer will purchase it as it is and give you the money in cash. A realtor can find you a buyer for your home but he or she will be relying on a loan from the bank because they cannot fund the transaction, however, cash buyers have their own money in cash and whatever you are offered for the house is what you will get without any delays.
Time is of the essence if your home is under foreclosure since you are trying to avoid a disaster, therefore, you can sell your home to a cash buyer who is familiar with the process of foreclosure and you can use the money to buy a different property. With realtors known to command up to six percent of the sale amount in commission, you will benefit from completing the transaction without any middlemen if you sell to a cash buyer.
Instead of you and your realtor searching high and low for a buyer willing to purchase a home located in a bad neighborhood, a cash buyer is willing to take that responsibility after buying your home for cash. When you are working with a realtor to sell your home, the closing costs are the responsibility and they can rack up very fast taking up a large part of the amount you receive for the home, however, the closing costs become the investor’s responsibility when you sell to them.
Selling your home to a cash buyer is advantageous because there will be no complicated paperwork to deal with as is the case when you are dealing with a realtor where there are so many people involved. Selling your home directly to a cash buyer with very minimal paperwork involved in faster and will ensure the deal is closed as fast as twenty-four hours. These are the benefits of selling your home to a cash buyer over working with a realtor.