Homeowners who want to sell their home quickly may wonder which path to take: hire a real estate agent or sell to a cash buyer. Both options can help you get your home sold, but they come with different advantages.
Real Estate Agents
A real estate agent will help you sell your home, but there’s no guarantee that they’ll find a buyer. If your home is in prime condition and in a fast-selling market, you probably won’t have any problem getting it sold. However, a home that needs some repairs and/or remodeling will be more challenging to sell.
Most agents work with traditional buyers who require a loan to buy a home. This means the property will need to pass inspection for the lender to approve the loan. If you have an older home that isn’t up to code, you would have to make the necessary repairs for it to sell. Of course, there are exceptions with special loans that include repairs, but these buyers aren’t the norm.
A real estate agent will also take a cut of the selling price of the home, which is their commission. You’ll need to allow the house to be shown at various times of the day and may even need to be gone for open houses to get buyers interested. The housing market in your neighborhood will dictate how quickly and how much your home sells for. A slow market could mean your home is listed for weeks or months.
Cash Buyers
A cash buyer specializes in homes that need work. They have financing in place to purchase the house without using traditional home loans with restrictions. You won’t need to have your home inspected. Even if the cash buyer chooses to have an inspection for their information, you won’t have to fix anything. With no agent involved, you get the total selling price. You don’t have to show the house or host open houses.
One of the best benefits of a cash buyer is they aren’t dependent on the market. They buy houses in any market, especially in slow markets. When other homes are sitting on the market for months, yours can sell in just a week with a cash buyer.
If you want to sell your home quickly to a cash buyer and close in just a week, contact LV Cash Buy. We know the Las Vegas area and are always looking for homes to buy.