Selling a property could be tricky. There are a lot of things to be done and decisions to be made. One of those decisions is choosing whether you should opt to work with cash home buyers or real estate agents. It may seem like a tough decision since there are pros and cons to both. But if your priority is getting out of your house without spending so much, dealing with cash home buyers may be the right option for you. The question is, what are cash home buyers and how do they differ from real estate agents?
Cash Home Buyers
Cash home buyers are people who buy your home with cold hard cash. They are convenient if you are looking to sell your home right away and you do not want to be bothered with staging, inspections, repairs, and renovations.
Closing a deal with cash home buyers is one of the fastest methods to sell your property. You could sell your home in weeks without going through the hassle of arranging finances since you will transact with straight-up cash. “We buy houses for cash” companies also forgo inspection contingencies, meaning you would not be hassled with home inspections and avoid possible withdrawals from the deal. They deal with you instantly when you opt for cash home buyers, making you earn right away without spending time and money fixing up your home. There’s no need to spare resources to make your house beautiful for buyers. Plus, all the earnings from this will be yours 100 percent since you wouldn’t pay for the realtor’s commission. And because this option provides fast cash and transactions, there are fewer processes that will make your house sale seamless.
Real Estate Agents
On the other hand, licensed real estate agents help homeowners sell their homes. Working with a real estate agent could make the selling process of your home convenient. They have networks and are trained negotiators that will gain you offers on your property. Good real estate agents also clear up possible title problems and assist in the whole dealing process, which could save you headaches and stress along the way. They would make sure that your home is in its tip-top shape.
Although working with them could increase your chances of getting better offers, it is time-consuming and would require some shelling out of money, which could be a deal-breaker for some sellers.
Most of the time, real estate agents would recommend doing some repairs and renovations in your home. It would mean that you would also need to stage your home and do some open houses. Also, keep in mind that real estate agents work on commission, taking about five to six percent of the home’s total price.
All in all, when choosing who you should work with when selling your home, you should know what is essential for you. Is it getting a great deal with an extended timeline or selling your home in an instant? If your priority is getting out of your home right away, “we buy houses for cash” companies or cash home buyers will pay you in cash without the hassle and extra expense.