If you’re thinking about selling, you’re probably weighing your options right now and you might be trying to figure out what your next steps should be. Well, that really depends on the route you take to sell your home. So what are the advantages of selling to an investor over a traditional buyer?
When it comes to selling your Dallas house, you have a couple of options. You can call a real estate agent to list your home and hope to find a buyer. Or, you could call a local home-buying company to purchase your home from you directly without going through the hassle of listing it with an agent. Here are the advantages of selling to an investor…
Key Advantages Of Selling To An Investor Over A Traditional Buyer In Dallas: Speed
What is a traditional buyer? A traditional buyer is usually found by listing your home through an agent on their MLS system. These buyers typically buy homes with a loan rather than paying cash. When buyers need a loan to qualify for a home, that means their purchase is contingent on a variety of things. First, they will want the home to be in almost perfect condition. Meaning, they will pay for an inspection and they will request that you fix a long list of items.
Once you get passed that stage, then the lender will order an appraisal on the home, which usually takes 2 to 4 weeks. If the appraisal comes in too low, then the buyer will most likely request for you drop the sales price to the appraisal amount. This appraisal will also bring up other items that might need to be fixed. If the appraiser finds anything, then the lender will require those items to be fixed otherwise the loan will fall through.
Once you get passed that stage, then you have to cross your fingers that the buyer’s financing doesn’t fall through. And then once you have finally made it to closing, you have to hope that the buyer shows up and shows up with the funds. You’d be amazed at how common it is for buyers to get cold feet right at closing time and decide to just walk away.
This process is extremely stressful and this is only once you find a buyer. We haven’t even mentioned the process it takes to find the right real estate agent, go through their long checklist of items to get the home ready to be listed, the time and cost it will take to get your home ready to be listed, and then finally the nuisance of constantly having to leave your home while also keeping it completely spotless for all of the buyer showings.
Fortunately, you don’t have to wait that long. When you sell to a real estate investor, they can close fast – often in as little as a week or two (it varies, depending on the investor and depending on the time frame you request). Since they are buyers, and there’s no searching… you already know who they are so you can sell quickly!
Key Advantages Of Selling To An Investor Over A Traditional Buyer In Dallas: No Repairs
Not every house is in pristine condition. That’s okay, that’s common when a home is lived in. But when you sell to a traditional buyer, you’ll probably have to pay out-of-pocket to fix up the property and clean it before a buyer will even look at your house. But most investors buy homes in as-is condition, which means you can save money and time (and hassle!) by skipping the repair and cleaning.
Even if the repairs are really extensive, you won’t have to deal with a contractor, either. Sometimes it’s not even the cost that’s the issue, it’s the headache of trying to deal with a contractor that makes us all want to avoid the hassle.
Yes, the investor may ask for a discount on the selling price since THEY are covering the repairs instead of you, but this is a small price to pay to sell quickly and without all the hassle.
Key Advantages Of Selling To An Investor Over A Traditional Buyer In Dallas: No Guessing
This is perhaps the biggest problem of them all: When you sell to a traditional buyer, the entire process is a stressful guessing game since you never know what will happen. But when you sell to an investor, the investor is always upfront with you so that way you know exactly what the investor will pay.
There are many ways to sell your house, but not all of them fit one person. Everyone has different needs when it comes to selling a house. And although selling to an investor might not be the right choice for everyone, it might be right for you.