Earlier this year, there was a reported drop in new listings and supply of homes for sale due to the COVID-19 pandemic. It seems few people were willing to sell during this time
Several months later, the pandemic is still here, but the trend is changing as more houses are being listed. Sellers looking to move are going on with their plans. The demand for real estate property is still strong despite the adverse effects of COVID-19 on the economy. Therefore, if you are looking to sell your house amidst this pandemic, you can still get a good deal.
Listing property with a real estate agent has been the conventional way of selling a home. But is it the best way for a distressed seller to get a great deal during the COVID-19 pandemic? Not this time.
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Working with a real estate agent requires listing, which takes time.You’ll also have to pay commissions, do repairs before listing, and you’re never assured of a good price. Instead, why not sell your property to an investor? Selling your own home during COVID-19 has many benefits that will come in handy during these hard-economic times. Below are some of the benefits you will reap when you sell to an investor;
1. Get Paid In Cash
Unlike realtors, investors have ready cash to buy your home. As such, there are no delays that may result from late loan approvals, or appraisals, especially now that there’s an increase in financial restrictions due to the coronavirus.
Also, investors pay one lump-sum payment, which is more attractive as it enables you to buy a new home or make other plans.
2. Faster Closing
If you want to sell your home faster, transacting with an investor is the way to go. On average, an investor closes a deal in 7 days, compared to the 65 days it takes to sell through a real estate agent. This is due to the few bureaucracies involved in transacting with an investor. Usually, there’s a ready buyer, so there is no need for listing, no appraised values, and you won’t have to deal with third parties. Bypassing all these steps significantly reduces the time taken to complete the transaction.
3. No Commission Fees
When you sell your home through a realtor, you cut the amount of money that goes into your pocket. On average, realtors charge a 6% commission of the total sale of your home. Now imagine if your house is worth $250,000. That means you’re parting with a whopping $15,000.
You can save thousands of dollars in agent fees by dealing with an investor. Whatever amount you agree with the investor is what you receive in full. No deductions or hidden fees.
4. You Sell ‘As Is’
If you’re looking to improve your chances of selling a house faster through a realtor, then you must repair it. This will cost you lots of money, and it’s not a guarantee that you will close the deal soon. With the hit on the economy due to COVID-19, not everyone can spare thousands of dollars to repair a house only for it to remain on listing for several months.
Selling to an investor can save you this stress. You can sell your house to investors ‘as is’. This means it’s the responsibility of the investor to repair the house once they purchase it. So, you won’t incur a single cent on repairs.
Selling Your Home Amidst the Pandemic?
Indeed, COVID-19 has made the economic situation of most people worse, but that doesn’t mean you should sell your home at a bargain. You deserve to get the best price for your property. Get in touch today, and we’ll give you the best deal for your home during this pandemic.