Selling a home is usually one of the biggest financial decisions a person makes. Many homeowners choose to list their property with a realtor, but this can be a lengthy and stressful process filled with uncertainty. Recently, selling to a cash investor has become a more popular choice.
This article will explain how selling your home to a cash investor can be easier and faster than working with a realtor.
- Fast and Easy Process
The main benefit of selling to a cash investor is the speed. When using a realtor, you go through many steps before finalizing the sale:
Preparing the Home: You might need to make repairs, paint, or stage your house to attract buyers.
Listing the Property: After getting it ready, you have to wait for the property to be listed and shown.
Negotiations and Inspections: Once you receive an offer, it could take weeks or months to negotiate, inspect, and appraise.
In contrast, cash investors usually skip many of these steps. They often buy homes “as is,” so you don’t have to worry about repairs or showings. Cash investors can make offers in just a few days and close the sale in as little as a week, which is helpful if you need to move quickly.
- No Financing or Appraisals Needed
A major stress point when selling through a realtor is the uncertainty of the buyer’s financing. Traditional buyers often rely on mortgage loans, and the sale depends on their loan approval. If they don’t get approved, they might back out, causing delays and disappointment.
Cash buyers have the money upfront, which removes this worry. There’s no chance of the sale falling through due to financing problems. Plus, cash buyers usually don’t need an appraisal, saving you time and concern over the appraisal affecting the sale price.
- No Commissions or Hidden Fees
When selling with a traditional realtor, you usually have to pay a commission fee of 5% to 6% of the sale price. For example, selling a home for $200,000 could cost you $10,000 to $12,000 in commissions. You might also face other hidden costs like marketing fees and repairs.
Selling to a cash investor typically involves little to no fees. The investor makes a fair cash offer and takes care of most transaction costs. You receive the full agreed amount without deductions or surprise expenses.
- No Waiting for Offers
In a standard real estate sale, your property might remain on the market for months without serious offers. Even if you do get offers, they might be lower than expected or require more negotiations. This can be frustrating if you want to sell quickly.
With a cash investor, the offer process is much quicker. Once you reach out, they can assess the property, make an offer, and finalize details fast. There’s no long wait, giving you a clear idea of when the sale will wrap up.
- No Showings or Open Houses
One of the most tedious parts of selling with a realtor is dealing with showings and open houses. This can take a lot of time and can feel intrusive, especially if you still live in the home. You need to keep everything clean and ready for last-minute visits, which can disrupt your life.
If you are ready to move on with you life and want a fast/simple way to sell your house, give Malihaus Capital a Call!