Home selling through real estate agents dominate the market because this is the way things have been done for a long time. Working through a real estate agent involves a lot of things, from hiring a realtor to timing sales which can be quite tedious. If you are tired of listing or looking to sell your home, you should consider selling to a cash home buyer. These are the advantages that come with selling your home to a cash buyer.
A cash buyer will draw up an offer that fits the current condition of your home and thus you will not spend any money on renovations like you would do if you were to sell through a realtor. The foreclosure period is usually about ninety days while listing your home through a realtor can take up to six months to get a buyer and thus you won’t be able to avoid foreclosure. Although avoiding a foreclosure will damage your credit history, it will help you completely avoid losing your home to foreclosure.
You get to pocket the full amount of whatever the buyer offers you when you sell to a cash buyer unlike dealing with a realtor where there are commissions and closing fess. Most cash buyers usually buy homes with the intention of developing and then reselling which means they buy homes even in bad neighborhoods. The cash buyer purchases the home directly from you with the responsibility of the transaction in their hands, there is no need to relist.
Transaction involving a realtor can drag on for so long with sometimes the potential buyer needing loan from a bank to finance the transaction, with a cash buyer it is between you two and it involves cash. Cash buyers have their own money and will not require loans from any lending institution. It is common to find a buyer pulling out of the deal because of failure to secure loan or they just change their mind regarding buying the home.
Housing market has a tendency to fluctuates which affects the success of realtors in the market, but this does not affect cash buyers, they can buy your home anytime of the year. Since cash buyers usually buy directly from you and there are no third parties involved like when dealing with realtors, there is very little or no paperwork to deal with. Closing costs usually rack up quickly and can be become considerable amounts but not if you sell your home to a cash buyer. These are the benefits of selling your home to a cash buyer.