If you’re thinking of selling your property, you have choices. Before you choose, know the difference between selling to a real estate investor and working with a Realtor®.
Engaging the services of a Realtor® is very expensive. You don’t pay if you don’t sell, but when you pay, you really pay. Let’s say the commission you’ll pay the agent is 5%. Depending on the price of your home, that could set you back thousands.
Some sellers believe they will receive a higher price and ultimately make more money on the transaction if they hire a real estate agent. That may be true on the front end, but often times the net amount is much less when closing costs, carrying costs and commissions are considered.
Is there enough room in the price to pay the fees?
Can you afford to maintain the monthly overhead while you wait for your home to sell?
There are advantages in working with an investor depending on your situation. There are no contingencies or inspections so you won’t have to worry about what the home inspector will find after they’ve been through your home. The best part of this is that you won’t have to go back and fix anything in order to sell. You may sell your property As-Is.
Are there no drawbacks when selling to an investor? There is one: when you sell to an investor, you are selling at a discounted price, but you do that in return for convenience and flexibility.