In 2017 more than 5 million homes were sold in the US.
Moving house often ranks near the top in surveys of the most stressful life situations, and with good reason. The huge amounts of money involved and the risk of a sale falling through make selling a home incredibly stressful.
But there are ways that you can minimize the stress of selling your home. One of which is to sell directly to an investor.
Read on to learn more about the pros and cons of selling a home to an investor.
Pros of Selling a Home to an Investor
Speed of Sale
Selling your house to other buyers can take on average more than two months. Some investors that buy houses can turn your sale around in as little as 7 days.
This is due to the fact that your house sale doesn’t depend on a whole range of outside factors, such as value appraisals, financing, and home inspections. With these time-consuming issues taken out of the process, your sale can be done in a flash.
No Need to Work on the House
If you’re trying to sell your home to prospective homeowners, then you need to make it look as appealing as possible.
When selling to an investor, they will usually buy “as is” or sometimes without even viewing the property at all. This means you don’t need to waste time and money on costly repairs or touching up the decor. And you won’t have to keep your home spick and span whilst you’re waiting for viewings.
A Range of Payment Options
There is a range of ways that you can receive payment for your home.
One of the most convenient is being paid in cold hard cash. You may also have the option of receiving certified funds and there may even be the option of letting the investor take over your home financing leaving you mortgage-free.
No Commission Fees
Real estate agents will usually want a commission for selling your home.
This will often be around 5-7% of the sale price of your home. It means that you will lose thousands of dollars from the total that the buyer pays. When selling to an investor, there is zero commission so all the money goes straight into your pocket.
Cons of Selling a Home to an Investor
Lower Sale Price
Whilst selling to an investor will reduce your costs, the investors themselves will have their own costs. And they will be looking to make a profit.
This means that the price that you will be offered by an investor will tend to be lower than the market price of your home. You will need to weigh up this difference with the benefits you are gaining from selling to an investor.
Risk of Being Scammed
If you are selling through a realtor, they will usually have a license. This gives you some certainty that your sale will be handled within the law and won’t leave you ending up out of pocket.
If you’re buying from an investor, they have no need for a license. This means that you are leaving yourself at risk from scammers. It can be a big worry when it comes to selling your most valuable item, so make sure you do your homework.
Making the Next Step
If selling a home to an investor is something that you think would make sense for you then you’re in the right place.
El Paso Buys Houses can offer you cash for a quick sale with no loopholes to jump through and it’s fast and secure. We cover the whole of the El Paso area and can help you sell your house stress-free. Our company has great reviews. We’ll get you references. We also buy several homes each and every month. So you can rest assured that we are able to do it quickly and easily, so feel free to contact us anytime. We’d love to provide you with options.