Many homeowners wonder if its worth it to pay 6% to a broker to sell their home. As of March 2016, the average sales price of a home in Wake County NC is $310,000, many sellers wonder if paying $18,000+ in commissions is really worth it.
We have all seen the ads that say “We Buy Houses” and have wondered what it would be like to sell a home to an investor. As in any type of major purchase, you must do your due-diligence and research the company you will be doing business with.
Think of it like buying a used car. The days of walking onto a lot and meeting the stereo-typical “used car salesman” have been replaced by “certified pre-owned specialists”. A major factor is the reputation of the particular investor, and the trust that is established during that process.
3 Reasons to Sell Your Home to an Investor
#1. Quick Close
The first advantage of selling to a professional investor is speed. An investor will come to the table with cash, which is the fastest way to buy a house outright. There will be no waiting for the long ,and costly loan approval process.
The other way is to take over payments in which case the investor will be writing a check to your mortgage company and completing the necessary paperwork to buy your house–fast and simple! Many loans can take as long as 60 days to close. That means if you found a buyer today you would have to wait 60+ days for a check. With an investor, you can receive a check in as little as a 48 hours.
#2. Sell Without Making Repairs (As-Is)
Experienced investors are used to making repairs to a property. There will be no need to go over a nit-picky inspection report and fix all the little things on there. Most investors will even buy houses that need major repairs. This is what is meant by taking the property “as-is”. The seller will NOT have to make ANY repairs. You’d be amazed at how picky the first time home buyer is! Who could blame them? Modern home builders wow them with modern appliance & upgrade packages and the homes are in mint condition after sale. Most come with a 1 year warranty for free!
#3. No Commissions
Do you want someone to buy your house, or do you want to pay someone tens of thousands of dollars to find you a buyer? By selling directly to an investor you won’t have to pay an agent a 6% commission to broker the transaction. The investor is the buyer and you found them!
In addition to paying an agent to sell your home on the MLS, many buyers ask their sellers to pay some, or all, of their closing costs during the negotiation process.
If you sell to an investor you will not have to pay any closing costs. When we buy houses in North Carolina we pay the sellers closing costs! This saves the home owner money on commission and closing costs!
If you have a home that you need to sell fast go online and start doing research on companies that buy houses in your local area.
If you’re selling a home in the Raleigh NC area then filling out the form below is a great place to start! We also buy houses in all of Wake County NC, Greenville, Fayetteville, Greensboro, and Charlotte.