Selling your house can be a tiresome process that requires many things to be in place. When selling, you can either opt to sell to cash home buyers or list it through a real estate agent. Each option has its pros and cons that you might consider checking first before making a decision.
Even though there are similarities between these options, there are also differences that can be noticed. In this article, we are going to look at some of the differences between selling your home to cash home buyers and using real estate agents. Read along to find out more.
Selling Homes to Cash Home Buyers
Selling your house to cash home buyers is considered one of the fastest ways to close deals. You can work with various companies such as Home Flippers that are interested in buying houses for cash instantly.
The good thing about such companies is that they are ready to buy your house as it is. You do not have to worry about any renovations or house cleaning that might even end up costing you more money. On top of that, there is no middleman, which is the opposite of the situation with real estate agents. It is just you and the cash home buyers. You get to meet and negotiate on the price, and before you know it, you are accepting a big check and handing over the keys.
These companies mainly buy houses, renovate them, and then introduce them back into the market at a higher price. It is a win for both sides. As a seller, you will have your money in the bank within a short time because the process is simple. Unlike listing it through a real estate agent, the process of using cash home buyers is fast.
- Contact the cash home buyers through an email, phone call, or visit and inform them of your interest in selling a home.
- They will send an inspector to assess and determine the value of your home within 48 hours.
- Soon after that, you will receive a cash offer with a buying price for your home.
- When you accept the offer, you also should visit the cash buyer’s bank and seek proof of payment.
- Then, close the deal by changing the ownership of the house in order for you to receive your money in the bank.
- One more thing to note is that cash home buyers are fast and pay instantly. On the other hand, listing your home through real estate agents might be slow, especially when you sell to a mortgage buyer.
Selling Homes to Real Estate Agents
The difference between cash home buyers and real estate agents is the fact that the latter act as brokers. They help house sellers receive offers from the best house buyers, and in return, they get paid for their services. For Spanish speakers feel free to check out Los 5 mejores suburbios de Phoenix, AZ for more information.
Working with a real estate agent may include selling your property for a higher price compared to working with cash home buyers, whereby the prices can be slightly lower in exchange for the speed of the sale and convenience of selling the home in as-is condition. To sell and make profits, your home needs to be appealing from all angles.
This will necessitate making repairs and cleaning both indoors and outdoors. The process is designed to help your property look appealing on the market and attract higher offers.
There are a lot of properties on the market today; therefore, working with a real estate agent might take some time. In some cases, homes have stayed on the market for up to 6 months without finding new owners. This is quite different with cash home buyers, where the process can even take less than a week.
It is worth noting that real estate agents can lead you to an individual cash buyer, a mortgage buyer, or even someone who is willing to rent your house. Consider these options carefully and make the right decision.
Concluding Thoughts on Sales to Cash Home Buyers vs. Real Estate Agents
There are various ways you can sell your house faster and get the best deal possible. Cash home buyers and real estate agents are among the options to choose from. There are a lot of similarities between them as well as differences that make each one of them stand out. To understand the differences between the two, you can always check the above article.