The Path To Finding Better Homes
November 13, 2017
Should You Seek A Real Estate Investor Or Realtor? Reading this article will give you valuable information that can help you to come up with valuable decision if you’re still confused whether to sell your house with the help of a real estate investor or real estate agent. Step number 1. Determine how fast you want to sell your house – for sure, you’ve gone through the traditional process of home buying. Real estate agents can help us find a house that suit our preferences and interests, have our inspections as well as appraisals performed, get approved for financing and then, negotiate with the seller. The entire process will likely take 30 to 45 days and it could be both exciting and stressful at the same time. For a lot of people, this is only part of the process and thus, they’re expecting it to happen. The question that many are wondering is, what if you’ve got to sell the house fast? This is where a real estate investor will come to the picture as they can buy houses a lot faster compared to the traditional sales for few reasons like investors are working directly with you and these investors are also self-financed meaning, they don’t need approval from the bank to make a purchase.
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Step number 2. Know what repairs the house needs – when the buyers are searching for homes in older neighborhoods, many are expecting that they will need to make some updates and modifications here and there. Mortgage companies are typically fine with this as well so long as everything’s in working order. In case that your house is in good repair but requires few updates, then you will not have much trouble in selling it to a real estate agent.
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But what if your house needs some remodeling and repair? When it comes to this, you should contact a real estate investor because they’re willing to buy a house regardless of the condition. They’re basically specializing in buying houses in “as-is” condition with full understanding that there’s probability that the property have serious issues. Step number 3. Be aware of the actual costs associated in selling your house – the commissions from the real estate agent, closing costs, negotiations as well as soft costs are just some of the costs associated with the conventional real estate sale. All these are handled and will be explained to you by your real estate agent. If you’re transacting with a real estate investor on the other hand, they don’t apply any charges but, they will buy houses that is below its market value so they can spend the money and time needed to remodel and repair the house and get to sell it for profit.