If you have a house that you want to sell due to divorce, a work-related move, bad mortgage, or even liens, you need to know whether you are better off working with a realtor or selling for cash to a home buyer. Selling a home can be stressful at times, and having to spend time and money on it that you don’t know if you will ever recover is not something anyone wants to think about.
Did you know that around 69% of conventional home buyers are not interested in purchasing a home in foreclosure? This is an interesting fact that might make you really think about the method you choose for selling a home. You also need to consider the following:
- How much money are you willing to spend on repairs, showings, upgrades, and other things associated with selling a home?
- How fast do you want to sell your property; are you available indefinitely, or would you like to wind up and move on to something else?
- Are you ready to go through all the stages that come with selling a home through an agent?
Comparisons Between Selling With a Realtor and Selling to a Cash Buyer
Processing Speed
When you sell through a realtor, they will get the documentation ready, and after all due processes and forms have been signed, they will look for a buyer for you. When a buyer is identified, you get to participate at a distance with the realtor taking front stage.
Selling a home to a cash buyer eliminates this extra person and consequently all extra steps that come with dealing with the middleman, which is what the realtor essentially is.
Payments and Commissions
After selling a home through a realtor, you have to give them a commission but with cash buyers, you keep the full amount that you sell your home for.
Repairing, Cleaning, and Decorating Your Home
If you want a realtor to help you sell your home, you will need to make sure that everything is in perfect condition which will take time and money for repairs and cleanups. When it’s time to have open houses, you may even need to do some decorating and all of this will cost you a lot of resources that you would not spend on if you sold directly to a cash buyer.
It’s quite clear to see how much better selling a home to a cash buyer is than selling through a realtor. It’s fast, cheap, less stressful, and all-round more efficient for you.