It’s likely that one of the biggest decisions on your home-purchasing journey is what to do with your current piece of property. Do you sell it and put the proceeds toward moving on to the next chapter of your life? If so, you may have to choose between selling a house to a cash buyer or working through a realtor, and both of these approaches have their drawbacks and advantages.
If you’re wondering how to choose between selling for cash or going through a real estate agent, there are a few important considerations. The Red Door Guys explain some of these things below. We buy houses in Richmond, VA, so if you do decide you’d like a cash offer, you’ll want to give us a call!
Selling a House To a Cash Buyer vs. Hiring a Realtor: What’s the Difference?
If you’re new to the idea of selling your home, it’s understandable that you may not be clear on how a cash offer and a realtor differ. The main differences between these two home-selling approaches are explained below:
Working With a Realtor
When you work with a realtor, you partner with a professional to sell your home through the real estate market. The realtor ensures you don’t need to navigate the potential home sale complications yourself, including:
- Evaluating your property.
- Determining the market price for your home.
- Marketing your land and home online or on various platforms.
- Managing the paperwork.
One good aspect of working with a realtor is that you don’t have to invest in comparative market analysis – the professionals do this for you while you wait for a good offer. Still, working with realtors isn’t without disadvantages. For example,
- Realtors earn a portion of their commission from your sale.
- Realtors take time, which can be inconvenient if you’re in a rush or desire a quick sale.
- Realtors often ask their clients to take care of needed repairs before listing the home.
- Realtors might be able to get buyers quickly, but between closing costs and commissions, you stand to lose a good portion of that sale money.
Working With Cash Buyers
If you decide to forgo the traditional real estate route and choose a cash buyer instead, you get exactly what is advertised, a fair cash offer, no repairs needed, no fees, no hassle.
Working with cash buyers requires virtually no wait time. The emphasis is on speed and a smooth transaction, especially if you compare it to working with a realtor.
Are you thinking of working with a cash buyer? Why not give our team a call today to see if skipping the traditional real estate route is right for you.
Trust The Red Door Guys
Selling a house to a cash buyer vs using a realtor has quite a few advantages, particularly if you’re in a hurry, but it’s important to work with a cash buyer you can trust. Teams like The Red Door Guys make things simple and fast, offering cash prices, a quick turnaround, no commissions, no fees, and no ball-and-chain obligations holding you back!
Contact us at The Red Door Guys no matter what condition your house may be in: distressed, damaged, foreclosed, etc. So, get a cash offer today by calling The Red Door Guys at 804-395-7355!