When you finally decide to sell your home, the first and perhaps the only approach that people tend to consider is to seek the professional assistance of a Realtor. There is, however, another option that is often shrugged off and may be unheard of to some—selling to a home investor. Here’s a quick look at why it’s worth considering.
1. No Home Repair Costs Necessary
The “hidden” costs that come with selling your home through a Realtor or directly to a buyer don’t get discussed enough. Thousands of dollars can go into maintenance alone—think home improvements like fixing the roof, cleaning carpeted floors, a fresh coat of paint for both your interior and exterior.
These are only a few among several other expenses necessary to making your home appear spic and span for the discerning buyer who won’t expect less. To make matters worse, pouring money into improvements like these comes with no guarantee of a higher selling price to make up for the costs.
Home investors, on the other hand, would buy your home just as it is, regardless of what its current state might be. Of course, their buying price will be proportional to the current condition of your home, but depending on your circumstances, this beats having to make those repairs yourself, making your sale less costly and wasting no time in the process.
2. Selling to a Home Investor Is Quicker
Selling through a realtor comes with several time-consuming steps that can easily take several months. If you’re in a buyer’s market, for example, you may have to go through endless open houses and other preparations to properly advertise the sale of your home.
Waiting for buyers to go through your home, consider their options, and finally closing the deal takes a lot of time as well, yet you may find yourself back at square one if it turns out they are not qualified for financing. Certain buyers also tend to back out on deals if, as per a professional inspection, your home doesn’t live up to their standards.
Home investors won’t put you through this and are very much ready to close the deal in a matter of days, at least in some cases.
3. Home Investors Won’t Ask for a Commission
The biggest cost to getting a real estate agent to sell your home is the commission fee. This is because these, more often than not, are derived from a percentage of your selling price. On average, agents and sellers agree on a 6% commission, which equates to $12,000 from the average home selling price of $200,000. Some agents might agree to a flat fee, but they are the exception and not the norm.
This pushes some homeowners to pull off the sale entirely on their own. This takes a lot of research and hard work that can be completely avoided when you turn to home investors, who do not charge commissions on sales.
Selling your home no longer needs to consume as much time and money as the usual approaches do. Home investors have proven to be the more reasonable and efficient way to go – costing you less, taking less time, and eliminating the stress that just isn’t necessary to putting your home on the market.
If you need to sell your home to an investor, sell it to Blue Hen Homebuyers. We buy all kinds of homes, regardless of their age or condition. Call our offices today at 910-802-2222 to learn more about how we can help you.