Selling a house has never been a simple task. The seller is faced with two issues, the first one being selling the house quickly and the second avoiding losses. Buyers on the hand take advantage of the seller need for cash and try to obtain the at a lower price than its market valuation. If the real estate investor considers the option of using real estate agents to sell their homes, they pay huge fees and commission and this leads to losses.
The first benefit of selling directly to a cash buyer is that it helps an individual save on time needed to complete the deal. It is important to note that selling directly to a cash buyer takes a short time compared to contracting real estate agent. Selling the home using the services of a realtor can take six months or more before you get the cash. individuals of buy homes using real estate agents normally apply for mortgage loan that they use for the purchase. Mortgage loan takes a lot of time to mature and in some instances fall through at the implementation stage. In any case the loan is not approved after six months, the agent needs to start the process all over again and get a new buyer. Cash buying takes a short time compared to selling the house using the services of a real estate agent. It is important to note that in cash sales no time is needed for the money to mature to the bank hence saving the seller a lot of time.
The second benefit of selling the house to cash buyer is that it helps a person to save a lot of money. An individual does not need to pay any commissions as long as they obtain cash buyer. Real estate agents need a commission after they have managed to sell your house after a certain duration of time After paying the commission, real estate agent requires certain amount of fees for their services. Getting a cash buyer therefore will help you save more dollars that you could have used paying a real estate agent. It is therefore beneficial if you sell your house directly to a cash buyer because you get to enjoy all the profits and relocate to a new surrounding knowing that you have obtained a good deal for the property.
This, therefore, means that the seller does not have to fix up the place as long as the buyer has accepted your offer.
In summary, an individual should prefer selling the house directly to the buyer instead of using real estate companies since it has many advantages as explained in this report.