If you are thinking of selling your home you would want to do some little research to know the best and profitable way of selling your home. You should ask yourself if you would list your property with a real estate agent or with a cash buyer. These are very important questions you should ask yourself before making a huge leap to selling. And, to help you we have listed the pros and cons when you sell with an agent or a cash buyer
Real Estate Agent
If you wanted to sell your property in its retail price, then working with a real estate agent would be the ideal path you should take. Realtors will list your property in the market and will the best they could to have your home sold. But, there’s more to it than that so keep on reading so you’d know what would really work for you.
Pros
- Sell your property in its retail or market value.
- Property will be listed
- They have marketing process or system to market your home
- They’re the one who will look for buyers
Cons
- You have to do some repairs or renovation before listing
- You’ll spend money on repairs
- There’s a real estate fee or commission of 3 to 6%
- You will take care of the closing cost
- Possible sales fall through if the buyer didn’t get qualified for loan or they have changed their mind.
- Your home will be open for showings scheduled by the agent
Those are the pros and cons you need to know when you list your home with a real estate agent. They are experience and have the resources and tools to help them market your home, and showings and social media are just few of those. These are maybe good enough reason for you to go down that path but you must also consider the amount of money you would pull out from your profit to pay for commission and the closing cost, and of course your expenses repairing and renovating the property.
Cash Buyer:
If you don’t want to go through all the process of repair, deep cleaning and possibility of your house not getting sold, maybe you should look into working and selling with a cash buyer. See what are the pros and cons of selling to a cash buyer.
Pros
- Less stress the process is so simple
- They pay in cash
- They’ll buy it in its AS IS condition
- No need to repair or renovate prior to selling
- Save your money rather than using it for repairs
- No real estate agent commission or fee
- No closing cost
- You can choose your closing date
Cons
- Most of the time they buy property at a discounted price
There are different factors that real estate investors consider when making an offer like the value of the property recently sold in the area, the condition of the property and the repairs cost. This is why almost all the cash offers are below the property’s market value. But it is a guaranteed cash offer you will get. You will not worry about sales fall trough. You can get your cash in as fast as seven days or depends on your chosen closing schedule, simple as that no hassle.
More so, you can save your money not worrying about repairing or remodeling your house or even pulling out money from your profit to pay agents commission and closing cost. I hope this helped you decide which of these two options will work for you. And if you wish to know our best offer for your home, do not hesitate to contact us by clicking the bottom below.