Are you thinking of selling your house to a cash buyer or an investor and are wondering if it’s a good idea? In this video, I’m going to walk you through the pros and cons of selling your house to a cash buyer versus traditionally with a realtor. I’ll explain the differences between the two so you can make the best decision for your situation.
The Flexibility Of Cash Buyers
In today’s market, there are several different ways you can sell your property. While you might be struggling with which one is better for you, the best solution is going to depend 100% on your situation. To help you decide, let’s look at why people choose to sell to a cash buyer.
The main reason is their flexibility. As cash buyers, we can buy on your timeline with the house in as-is condition—with you paying zero in closing costs. Investor buyers tend to be best suited for when you need to sell quickly, you need a flexible timeline, or you just don’t have the time to wait the three months that it might take to sell traditionally with a realtor. If speed is what you’re looking for, a cash buyer may be for you. Because we have cash, we don’t have to go through the hurdles of looking for traditional financing.
If you were to list your house with a realtor, this process could take months—if the first offer goes through. Selling to an investor, however, may take three to five days to close on your property. There’s also no guarantee you’re going to sell your home for your listing price. It’s kind of a guessing game.
Buying In As-Is Condition
The second reason people like working with a cash investor is that we buy houses in as-is condition. That means that you do not have to go through your house and make any repairs. There is also no home inspection with a cash buyer. When you list your house with a realtor, the buyer is going to require an inspection. There is always a list of items that are going to end up costing you money before you sell your home.
If you’re a landlord and have a property with tenants in it, that’s when this really starts to take effect. When selling to an investor, we will buy with tenants in place. And when you have tenants in the property, you have no idea how many repairs you may need to make. We like properties with tenants in them because we believe in holding properties for a long time. We are not flippers, so we are okay with taking over a house with tenants in place.
Minimizing Costs
Another reason people choose to sell to cash buyers is cost. When you’re selling to an investor, you pay no commissions or repair costs. That alone can save you more than 6% of the sales price—which is a lot of cash. When you get done selling your house, the main thing you want to know is how much cash you’re putting in your pocket. The sales price doesn’t matter; it’s how much of that money you get to keep.
One of the things I like to do is give you a calculated net sheet. This allows you to know exactly what you’re going to walk away with when you sell your house to us. That way, you can compare it with what you would get if you put your house on the market with a realtor. On top of that, we pay your closing costs, saving you an additional 2% of your sales price. That definitely does not happen when you sell with a realtor.
A Convenient Way To Sell
There’s also an overall convenience of selling your house to an investor. You skip over all of the hassles that you normally would have to go through when selling with a realtor. There’s no more preparing the house to get it shown. There’s no staging it. There’s no one walking through your home, no Sunday open houses, and no last-minute showings that require you to keep your house clean 24/7. If you’re looking to avoid the inconvenience of the traditional sales process, maybe selling to an investor is for you.
Ultimately, it comes down to what’s most important for you. Is it price, speed, or convenience? Every seller is in a different position. If any of the above is true for you, selling to an investor might be the right option for you.
So if you’re curious what a cash offer will look like for you, you’re interested in a fast closing, and you want your home purchased as-is on your timeline, feel free to contact me for more information. I’ll be happy to walk you through the process and answer any questions you may have.