Basically, so much change has happened in the property industry over the years. Although, many people are aware of working with realtors, this has also changed as well. With real estate investors, property owners do not have to work with realtors. Since cash buyers pay cash, property owners can sell to them directly. Because of this, the lengthy process of dealing with a realtor can be avoided.
Basically, cash buyers are real estate investors who buy property for cash. Usually, cash buyers pay for all their purchases with cash. Because of this, individuals who need cash urgently have an opportunity to sell their properties faster to this cash buyers. Basically, many people have now turned to working with these investors because transactions take a shorter time to complete.
Normally, selling via realtors has several disadvantages. For instance, the sale process is often lengthy and many buyers depend on mortgages. Because of this, working with a realtor carries some risk of the buyer backing off if the buyer is denied the mortgage. Compared to the various shortcomings of selling with realtor, selling a house to a cash buyer is a better option. Usually, selling to cash buyers comes with some of the following advantages.
1. Sale process is completed quickly.
If you need cash quickly, a realtor will not be the better option to work with. Often, transactions with realtors takes several weeks to a few months to be completed. When selling to real estate investors, the sale process takes a few days. When in urgent financial need, working with cash buyers is the best alternative.
No repairs or upgrade is needed.
Usually, you will have to perform some upgrades to increase your chances of selling the property when dealing with a realtor. These forms of upgrades involve performing repairs. To perform such repairs, the owner will need some money. Nevertheless, such repairs are not needed when selling to cash buyers. Instead, you sell the house as-is. You do not have to upgrade the property to sell to real estate investors. The cash buyers determine the value of the property and offer a price equivalent to the value.
3. You do not have to pay commission.
When selling through a realtor, property owners must pay a commission which is usually a percentage of the sale price. This reduces the amount you receive. Nevertheless, you not required to pay commission to a cash buyer. Instead, cash buyers pays the agreed amount. Selling with a realtor, other fees as well. No transaction fees are involved when you sell to cash buyers.