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If you’ve decided to sell your home, the next step is to have an understanding of the time frame you can work with and an idea of a price that you want for the home. There are a few different routes you can choose when selling your home such as listing it with a Realtor or selling it to an Investor.
Selling your home to an Investor
One option of selling your home would be to your local real estate investor. We buy houses in cash and as-is condition, and either fix them up and sell them or keep them as rental properties.
The steps include
Get in touch with us and tell us about your home. Arrange a day to give us a tour of your home. Receive your cash offer in 24 hours. Closing when you want.
Timeline
As quick as 7 days or a custom timeframe that you want to close on.
Pros
We purchase properties in as-is condition so you won’t have to clean the house out or make any repairs. We also buy properties occupied with tenants, when virtually no retail buyers do. Our offers are cash and never have any mortgage contingencies or depend on appraisals. We close quickly or when you want. There are no fees involved because we cover all the costs. You don’t have to run around getting the house ready to have lots of showings.
Cons
The main drawback is that you sell your home for only a small discount in exchange for speed, certainty and convenience. We have to figure in some profit when we buy houses, but we will be able to close on your schedule and eliminate any concerns about an appraisal coming in short or a mortgage being denied because we pay cash.
Listing your Home with a Realtor
Homes occasionally get sold on the market with a Realtor. A Realtor will guide you through all the steps to get your home sold.
The steps include
Get in touch with a Realtor and have them visit your home so they can give you an evaluation. Sign a listing agreement with the Realtor. The Realtor will put the property on the MLS(Multiple Listing Service) and will hold all the open houses and showings. The Realtor will take care of all the paperwork and negotiate with the buyer. Once the home is sold, you pay the Realtor their commission.
Timeline
It will typically take a Realtor 3-9 months to sell a home for the right price.
Pros
A real estate agent will guide you through all the steps to sell the home, manage all the showings for the buyers, and guide you through all the paperwork. They have access to the MLS and are able to market the home to buyers.
Cons
A chunk of commissions gets paid out of the proceeds from the sale of your home. You are still responsible for the costs of your home while listing your home with a Realtor which can take up to 9 months. A buyer that is obtaining a mortgage on the home can have their financing fall through at the last minute, which requires having to start over the process of finding a new buyer.