4 Key Differences Between Investors and Realtors
Selling a home can often feel like a waiting game with your realtor making you jump through hoops to get a sale. This can make the selling process grueling and inconvenient for all parties involved, especially if you’re selling an inherited home that you need to get off your hands fast.
What many people don’t know is that they can cash out on real estate by selling to an investor. There are many differences between working with investors versus real estate agents, and below are just a few.
When you list your property with a Realtor, he or she will get a commission from the sale of your home. The commission is usually a percentage of the sale price and can vary widely, with some Realtors charging a 3% commission and others charging upwards of 6%. Investors don’t charge a commission, making the process easier and giving you the most bang for your buck.
A realtor might show your home multiple times before an offer is received, and possibly many more times after that until an offer is accepted. Moreover, showings are often composed of people who aren’t serious buyers and won’t actually end up making an offer on your home. Even when you’ve found a buyer, the final walkthrough can still result in last minute headaches. An investor typically only needs one showing or walkthrough before making you an offer, and sometimes they will buy the property without seeing it at all. In fact, in the current low-inventory housing market, many motivated investors are even forgoing inspections.
Investors buy as-is
Listing your home often requires you to make upgrades to your home and spend hours cleaning and getting it ready for showings. After all that, experienced real estate agents will sometimes use the final walkthrough to find “problems” in an attempt to wrangle last-minute concessions from the seller. Realtors will tell you that the nicer your home looks, the more likely you are to get offers (or better offers). Unfortunately, that can take time and money that you may not have. Selling a home as is to an investor is a great way to save yourself time and money by not having to make any updates or changes before the sale. If you’re wondering how to sell an inherited house fast and for cash, this is often the best option.
The other difference between investors and Realtors is the closing period. A Realtor can take weeks to close, while an investor might close in days. If you’re interested in short sale solutions or need to sell a property due to financial burden (often the case with inherited property sales), then selling to an investor can be a fast option.
There are many more differences between investors and Realtors, but when it comes to situations such as inherited property sales and the need for convenience and speed, investors tend to be the better option. Contact one of the 2 million investors with active real estate investment licenses today.
Interested in inherited property sales or selling your home for cash fast? Give us a call today.