If you’re thinking about selling, you’re probably weighing your options right now and maybe deciding how to sell and who you should sell to. Check out this blog post to learn the key advantages of selling to an investor over a traditional buyer in Baton Rouge…
When it comes to selling your Baton Rouge house, you have a number of options. You could work with an agent to list your house and they’ll try to find a buyer. You could do it yourself as a FSBO (for sale by owner). Or, you could work with a real estate investor who will buy your house from you directly, without you having to do anything, not even cleaning! Here are a few advantages of selling to an investor…
Key Advantages Of Selling To An Investor Over A Traditional Buyer In Baton Rouge: Speed
The “normal” selling process is as follows:
Step 1: Find a realtor.
Step 2: Clean your house, make repairs, get all your belonging out, and take pictures to list it.
Step 3: The agent finds a buyer through marketing and open houses.
Step 4: The buyer completes an inspection, gets financing, an appraisal, and negotiates more based on the inspection.
Step 5: You close if everything goes well.
This process takes a lot of time, but it is different with a real estate investor. Investors can close fast – often in as a little as a week or two (it varies, depending on the investor and how quickly the title company can work). Since they are buyers, and there’s no searching… you already know who they are so you can sell quickly and you will get cash (well a cashiers check).
And a bonus of this: you don’t have to pay bills and taxes on that property while you’re waiting for a buyer to be found. This can save you hundreds or even thousands of dollars in ongoing bills.
Key Advantages Of Selling To An Investor Over A Traditional Buyer In Baton Rouge: No Repairs
Some houses are nice, some houses have seen better days. When you are listing a property, you want your house to be in pristine condition. You will have to clean it, make a bunch of repairs, and then you still don’t know if the buyers will like what you have done. But most investors buy houses in as-is condition, which means you can save money and time (and hassle!) by skipping the repair and cleaning.
If your house needs a ton of repairs, you would need to deal with a contractors and THAT is something that I don’t even like to do even with my experience. Yes, the investor may ask for a small discount on the selling price since THEY are covering the repairs instead of you, but this is a small price to pay to sell quickly and without all the hassle.
Key Advantages Of Selling To An Investor Over A Traditional Buyer In Baton Rouge: No Guessing
This is perhaps the biggest problem of them all: When you sell to a traditional buyer, you’re guessing and hoping that they’ll pay you the asking price for the house… and if you wait several months and they negotiate a lower price, well, that’s not ideal. But when you sell to an investor, you know exactly what the investor will pay right away. They make their offers based on numbers not emotion. When a traditional buyer sees a house they may think, “I don’t like the color of the paint in the bathroom.” While an investor will think, “ok we need a new vanity for $450, we can keep the mirror, but the toilet needs to be replaced for another $150.” To them, there is little to no emotion, it is just numbers. You don’t have to accept their offer but it’s a great first step to help you decide how to move forward.
There are many ways to sell your house. And although selling to an investor might not be the right choice for everyone, it might be right for you.