Selling Your Minnesota Home to an Investor vs. with an Agent
Selling a home can be a hassle under the best of circumstances even in today’s seller’s market. But when you need to get out from under a home quickly, working with a real estate agent can complicate the process even further. One popular alternative to selling a home with a real estate agent is working directly with a cash home buyer. But is selling your home to an investor the right move for you?
In this blog post from Bill Buys Houses in Minnesota, we’re breaking down everything you need to know about selling your home to an agent or an investor. To learn more about our cash home buyer sales, give us a call today.
Who are the Cash Home Buyers, Anyway?
Cash home buyers are investors that specialize in cash real estate deals. Their goal is to provide sellers with a fast and easy way to move their property regardless of any issues with the home.
In return for purchasing the house at a great price, they agree to take on some of those difficult issues the home buyer doesn’t have time or energy to deal with. They’ll resolve any problems with the property and handle any of the other challenges that might have otherwise slowed down the sale process after they’ve completed the purchase.
These are just a few things you won’t have to worry about when you sell your home to a cash investor:
● Staging the home
● Preparing the home for sale
● Showing the home
● Working with a lengthy closing timeline
● Waiting for the buyer’s loan to get approved
● Having the sale fall through
● Paying a real estate agent
Reasons to Sell Your House to a Cash Home Buyer
There’s really no one single reason why people decide to work with a cash home buyer, and selling to a cash investor doesn’t necessarily mean it’s not a perfectly fine home. The truth is that there are many different life circumstances that could make working with a real estate agent too prohibitive or challenging for a seller.
These are just a few reasons sellers may choose to sell to an investor:
● You’ve inherited the home from someone unexpectedly and you’d rather have cash than a real estate investment.
● You’re concerned about a low appraisal causing a hitch in the listing process.
● You’ve had an offer fall through in the past, and you don’t want to risk it again.
● You don’t have the financial means or time to make significant repairs or improvements to the property.
● You’re selling your home so you can relocate for work or school in the next 60 days.
● You could use the cash for a purchase you want to make.
● You’re facing foreclosure.
● You’re struggling with debt.
● You’re going through a life transition such as a divorce.
No matter what your reason for needing to sell a home, working with a cash buyer will make it happen faster.
Benefits of Selling Your Home to an Investor
Selling a house quickly is the main benefit of working with a cash home buyer. Whereas a traditional home sale can take a few weeks to a year or longer, a cash investor can get you cash in as little as a week. But that’s just one of many reasons many sellers choose to work with an investor.
Here are a few more:
1. No Pressure to Show Your Home
Living in your home while it’s on the market is an unavoidable fact of life for many sellers. If you need to complete home repairs or remodeling during the sale process, that means you’re going to end up living with dust and chaos at some point.
Even if you don’t have to do anything to get your home ready to sell, you’ll have to stage it and keep it ready to show at all times. That can mean having to keep some of your belongings in storage, keeping your home super clean, and dealing with strangers in your home and disruptions to your life.
With a cash home buyer, you don’t have to worry about staging your home or working on curb appeal. You don’t even have to move your belongings until after the sale is complete.
2. Fewer Expenses
While it’s true that you’ll get a much lower offer when you sell your home to an investor than you would if you’re selling it with an agent, in some cases you may still end up financially ahead. This isn’t true with every home, but if your home needs significant work to get it ready to show and improvements won’t give you a hefty profit, you may be better off selling it outright.
3. Guaranteed Sale
One of the best things about working with a cash home buyer is the guarantee that the sale will go through. You’ll never have to worry about accepting an offer on a home only to have a problem with the buyer’s loan jam up the sale after investing all of your time and energy into the deal. With a cash investor, you’ll receive an offer on your home no matter what condition and walk away with cash so you can move on to better things.
Sell Your Minnesota Home Today!
Are you stuck with an inherited home that’s turning out to be more of a headache than it’s worth? Have you been waiting for someone to make an offer on a home you listed ages ago and you’ve still received no bites?
Whether your house is run-down, ugly, or even haunted, we’ll give you an offer fast at Bill Buys Houses! Give our investors a call at 651-270-9191 or visit us online to get a cash offer and sell your home fast. You’ll be glad you did!