Here at Irby, we know that the first thing that comes to mind when selling your home is to go straight to a realtor, and most of the time this will be your best option. However, for some, this is just not the best option. Sometimes situations or home conditions make it difficult to take the traditional route. That’s where a team like mine at Irby Homebuyers can come in to help.
Going the Traditional Route
By selling your home the traditional way, you are at risk of having to invest even more money into your home to make any repairs. You’ll also still be required to pay the mortgage, utilities and home insurance while the home is in the sale cycle. All of these costs can add up big time if you’re not careful. Another downfall is that it doesn’t guarantee that the buyer will go through with the sell.
The Difference Using an Investor Makes
You may not think to sell your home to an investor right away or may not be too familiar with the process, but it is definitely worth the consideration. If you’re wanting to sell your home fast and have an advantage in the real estate industry then selling to an investor can be a great choice. Here are five reasons you should go with an investor:
-No Commission Fees
-Get Guidance for Inherited Property
The average listing agreement with a realtor can be 6 months! That is six months of paying utility bills, mortgage and home insurance on a house you no longer want. The lengthy process can be even longer when prospective buyers have to go through their own approval for financing. Something else to consider is that private buyers often make the sale contingent on your home passing a thorough inspection. If you have a fixer-upper this could be a danger for you in the selling process.
By selling to a home investor you can save expenses on fixing your home and sell it as is. When going the traditional route you may find yourself having to invest extra money just to sell the house at a cheap price. This is usually because prospective buyers want the house to already be in pristine condition before they commit to purchasing the home.
No Commision Fees
Realtors have to make money somehow, but it shouldn’t be at your expense. Generally, when selling a home a realtor will either have you pay them a flat fee or most commonly, a commission based fee which is usually 6%. For instance, if you’re home sells for $300,000, the realtor will get $30,000 of the price.
Being behind on mortgage payments can be a stressful situation when your lender starts threatening to foreclose on your property. There are rare cases where you are able to negotiate a more affordable lone to help lift the financial burden. However, most times these loan modifications don’t get approved. By selling to an investor you can get cash quickly and won’t have to worry about foreclosure.
Get Guidance for Inherited Property
Inheriting a house that is not going to be occupied can open it up to theft, vandalism, and damage due to lack of maintenance. This can cause depreciation and make the selling process more difficult. It’s already a difficult time losing a loved one so we don’t want you to have to deal with any more turmoil from more unfortunate events.
By using Irby LLC, you’ll be able to save money, time, and will experience a quick real estate transaction. We will buy your home as is so you never have to worry about making additional repairs. There are also no fees or costs for selling your home. This means you don’t have to worry about a realtor fee or commissions and closing costs. We pay everything so you don’t have to. Our professional team makes selling easy and convenient to fit your real estate needs. You can always call us with any questions. We are happy to help you with your real estate endeavors!