Selling a house quickly or one that needs some work can be difficult. Many homeowners may feel like they have limited options for what to do with the property. They might think that its too run down, the repairs needed would mean it wouldn’t’ sell for much and many realtors would be embarrassed to show a property like that. However, there is more than one way to sell a property, and one option that is often overlooked is selling directly to an investor.
In this post, we will explore the many benefits of selling your property directly to a Connecticut real estate investor versus hiring a real estate agent.
Keep More Money In Your Pocket
First and foremost, selling your house to an investor can save you time and money.
When you work with a real estate agent, you typically have to pay them a commission of 6% on the sale price of your house. If you are selling a 300,000 house that is $18,000 that they are taking. So you are only getting $282,000. Then you pay closing costs. That’s probably another $9,000. So a total of $36,000 to complete a transaction. Why can’t you keep that $36,000. That’s a down payment on a new car, paying off a medical bill or get out of debt. It can cover moving, new furniture, or can pay for a long vacation. Thousands of dollars, which can be a significant hit to your bottom line.
In contrast, when you sell your house directly to Next Door Properties, you can often avoid paying a commission altogether, which means more money in your pocket. You can keep that $36,000 for yourself.
Sell Your Property Quickly
Additionally, selling your property to an investor can be a much faster process than working with a real estate agent. Sometimes as little as 7 days.
With an investor, there is no need to stage your home, hold open houses, or deal with the back-and-forth negotiations that can drag out the selling process. As an investor that buys on off the MLS to I have spent up to 4 months hiring and scheduling inspectors, and contractors to go in and look at a property and give me quotes. Then working with lenders and insurance companies who then have to go in with their own appraisers that are on their own schedules. The agreement say 45 days but they almost always get extended. And this doesn’t even account for the time that the seller worked with their realtor to list their house. That is usually a month or two. If they don’t start in early spring they won’t get their money until the fall.
Instead, you can often receive a cash offer within a matter of days, which means you can close on your house and move on with your life much more quickly than if you had sold with a traditional listing. This works out well for some home buyers that bought a house but are contingent on the sale of their old house. We help those home owners too!
Sell Your House As-Is
Another benefit of selling your house directly to an investor is that you can often sell your house as-is. And we mean AS-IS. From water damaged to flooded. From fire damaged to burnt to the ground. Do you have a lot of clutter or do you have a hoarder house on your hands. Termite damage, or crumbling foundation? We buy any condition.
This means that you don’t have to worry about making costly repairs or upgrades to your home before putting it on the market. It means that your house can be sold. Hope is not lost!
Investors are often willing to buy properties that are in need of repairs or renovations, which can be a huge relief for homeowners who may not have the time or resources to fix up their houses before selling it.
Take Control of the Sale
Selling your Middletown house to an investor can also give you more control over the sale process. When you work with a real estate agent, they may make suggestions about how to market your property or what price to list it at, but ultimately, they are the ones in control of the sale. They are trying to make money too so its not all about you. They have bills to pay, staff paychecks, or even a quota to meet. You aren’t their only client, maybe they have a hotter more expensive house they are selling and all their attention is there and your second fiddle.
With an investor, however, you can negotiate directly with them and have more say in the terms of the sale. When we negotiate with you we don’t give you low ball offers. We ask you first what you think your house is worth. You start the negotiations and we work with you from there. This can be especially helpful for homeowners who may be facing a difficult or unusual situation, such as a foreclosure or divorce.
Your situation is as important as the sale of your house because that is the problem you are trying to solve and one of the options to solve it could be the sale of your house. You won’t get that from a realtor.
Get the Security You Need
Finally, selling your house directly to an investor can be a more secure option than working with a real estate agent.
Unfortunately, there are many scams and fraudulent schemes in the real estate industry, and some homeowners have fallen victim to unscrupulous agents or buyers. By selling your house to a reputable investor in Connecticut, you can avoid many of these risks and have peace of mind knowing that you are working with someone who has your best interests in mind. Connecticut is an attorney state so when you work with a cash home buyer you are working with your attorney and the buyers’ attorney. Each attorney has their client’s best interest at heart.
Selling your house directly to an investor can be a great option for homeowners who want to save time, money, and hassle when selling their property. By working with an investor, you can often avoid paying a commission. You can sell your house as-is, you’ll have more control over the sale process, and you can avoid many of the risks associated with working with a real estate agent. If you are considering selling your house, be sure to explore all of your options and find the one that is right for you. Next Door Properties can help you simplify the selling process. Reach out to our team today to find out how. 860-704-9513