Basically, so much change has happened in the property industry over the years. Although, many people are aware of working with realtors, this has also changed as well. Since it is now possible to sell to cash buyers, people are shifting from realtors. Since cash buyers pay cash, property owners can sell to them directly. Because of this, the lengthy process of dealing with a realtor can be avoided.
Usually, cash buyers have sufficient cash to pay for all their transactions. These cash buyers make cash payment for all transactions. Therefore, people who need cash faster can sell their properties quickly to these investors. Basically, many people have now turned to working with these investors because transactions take a shorter time to complete.
Normally, selling via realtors has several disadvantages. The transaction process involving real estate agents may take so much time while buyers use mortgages to pay for the properties. Therefore, there is a high risk of the transaction falling through if the mortgage is denied. Due to the many shortcomings of working with realtors, cash buyers are the better alternative. Basically, working with real estate investors has many advantages and some include the following.
1. Fast sale process.
When in need of cash urgently, working with an agent would not be the best option. When selling through an agent, it may take so much time to have the sale process completed. However, transactions with real estate investors is usually fast and can be completed within a few days. When in urgent financial need, working with cash buyers is the best alternative.
2. Sell the house as-is.
Usually, you will have to perform some upgrades to increase your chances of selling the property when dealing with a realtor. Usually, the upgrade will involve doing repairs. To perform such repairs, the owner will need some money. If you are working with a cash buyer, repairs are not necessary. Instead, you sell the house as-is. Because of this, upgrades are not necessary. However, these cash buyers calculate the value of the property and pay you what your property is worth.
3. Zero commission.
When you sell your house through an agent, a percentage will be paid to the realtor as a commission. Because of this, the final amount the owner receives is usually reduced. There is no commission payment to cash buyers. Instead, cash buyers pays the agreed amount. Also, selling through a real estate agent involve paying other fees. Selling to cash buyers does not involve such fees.