Why Should You Sell House Fast Through An Investor?

By Author: Carol Scott
Total Articles: 12
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Of course , it’s not a crime to think that real estate agent is your one and only option to rely on, when it boils down to selling your house. Research reveals that more than 60 percent of the home sellers contact the real estate brokers for selling their house fast. So you are definitely not alone. Well, the common psychology of most of the homeowners is, “I have to sell my home fast so I should get hold of an agent to list the property.” What they never consider is that a real estate investor can evaluate their house, make an offer and give them the cash in less than 30 days. Or perhaps they consider the option and then straightaway negate it, assuming that the real estate investor won't actually pay them the "worth" for their house.

So, who are these cash buyers that offer you all cash offer when you need to sell house fast? Basically they are the real estate investors that buy your house irrespective of its condition (buys in As Is condition) and make you a cash offer. That’s right; no need repair, renovate, remodel or update your house prior putting your ...
... Cinderella home for sale. They have the required cash to buy your home directly from you and then to update it to turn it into a livable one. Later, either they sell it off to a potential buyer or put it on lease. And all you require to do is to sign a sell my home fast and As Is contract with the investors to enable them to sell your home for a decent amount of cash. Instead of asking the real estate brokers “sell my home fast”, it’s time to knock the right door.

Still not convinced? Okay, let’s examine here the true worth of your home when selling through a real estate agent

Let’s say the list price of your property is $300,000. The price which you would be offered would be maximum $291,000 because house sells less than 3% less than its list price)
For the agent’s commissions you have to spent a staggering amount of $17,460 (total of 6%)
Towards the repair jobs you have to bear a whooping amount of $5,000
Closing costs would be around $9,000 (closing costs are basically the transfer taxes, which are pretty high)
So, the total cost for selling your home with an agent is $40,460
The balance which you would have in hand after the sale is $259,540

Yes, there are arrays of costs associated with the idea of selling your house. However, the costs associated with your unsold property are even more. Let’s assume that you have a good real estate agent and your agent takes around 3-4 months’ time to finally sell your property. So, during these 4 months you still have to pay the mortgage amount, the taxes, the insurance and the maintenance costs and also have to bear all other costs, which are associated with owning a property!

Let’s do some simple math here

1,288 ( $240,000 at 5% over 30 years) x 4 months = $5,152 goes straightway towards the mortgage payments.
$250 x 4 months = $1,000 goes as the maintenance/Utilities cost.
So the total cost for selling with an agent comes to $48,412
And the balance left after the sale is $251,588

Check things well. Now you are almost down by a whopping amount of $50,000 from your initial list price.

A quick tip – if you need to sell house fast and don’t want to sit for 4 months then contact the we buy houses As Is companies to sell your house for a decent amount of cash and without any hidden costs whatsoever!

About the Author: Carol Scott has acquired knowledge in real estate industry through her friends associated with the real estate business for a long time. She has a keen interest in this industry and she knows that there are some house buyers saying “sell house fast”, “sell my home fast” and also make many other promises but actually they are not trustworthy for getting the job done the way you want. So, it is important to find the right buyer.