So it’s time to sell your house and you might be asking yourself if you should hire an agent to sell your house in California.
Reasons why you should consider selling with/to a Real Estate Investor:
- No commissions or fees are due to the investor
- You will not have to wait for an offer or the right offer
- No long closing times
- It is not necessary to spend money on repairs prior to selling
- No worries about being available to show your house
No Property Showings
If you decide to sell your house directly to a real estate investor or professional house buyer in Los Angeles, California, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your house. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway.
No Commissions or Fees
Real estate agents are paid based on a percentage of the sale price of your house. If you do not use an agent, there will be no commissions paid to a buyer’s or seller’s agent. That means thousands of dollars in savings! The usual commission is 3% per side, so if you sell your house for $400,000, you would have to pay $24,000 out of your proceeds in commissions alone, along with the traditional seller’s closing fees and other possible transaction fees to the closing agent and the real estate agents office. Real estate investors typically do not charge commission or transaction fees, and if they do, it is extremely low in comparison.
Waiting on An Offer is Non Exsistant
Real estate agents have access to the multiple listing service, or MLS, which allows your property to be found in searches for certain features of a property. This may sound great, but how long will it sit on the market? How fast will you receive offers? Real estate investors and other direct house buyers typically have a network of other home buyers, so if your property doesn’t fit their portfolio, then it may fit one of their colleagues’ portfolios. Either way, this means very limited waiting time for an offer. When you sell your house directly to a real estate investor, they will typically close faster than traditional buyers, and usually pay full in cash. Traditional house purchases usually require qualifications from banks, mortgage underwriting time, property inspection and the buyer may not end up qualifying in the end.
Inspections or Repairs are Not Necessary
Professional house buyers in California will usually purchase houses as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction. When you use a real estate agent, the buyer’s agent will almost always order an inspection of the property. If they find something wrong with the property structure, they may require you to fix it out of pocket before the property closes.
You Have Time!
When you work with an investor instead of an agent to sell your California house, you will likely have time after the closing to move out. When you work with a real estate agent with in the State of California, you are normally expected to vacate the house on or before the day of closing since the property. When you sell direct, you don’t have to worry about cleaning up after you move out or make any repairs. We buy your property as-is and will give you time to find your new house!