Selling Your Home Through a Cash Investor vs. Listing It



There are many ways you can sell your home: through a real estate agent, by owner, to a cash investor, or by auction. That’s barely the icing on the cake! At The BC Team, we have experienced and energetic real estate agents who are well versed in every possible way to sell a home. That’s why today, we’d like to go through the differences of selling to a cash investor or listing your home through an agent.


What Does a Cash Investor Do?

A cash investor is someone who buys property for cash. We have a Cash For Homes service which means our cash investors buy your home with cash. We have decades of experience evaluating properties to make sure you are getting a fair offer for your home.


However, not all cash investors are the same. While we can’t speak for everyone, we can speak for ourselves. Our cash investors provide a free offer for your home within 24 hours! We also work with your schedule, so we can close whenever you want.


With us, it’s as simple as giving us a call at 480-418-5768.


Who are Cash Investors?

A professional cash investor is either an individual or a company that buys properties as part of an investment strategy. The BC Team does this with the current homeowner in mind. Meaning we care more about working with you than creating a quick investment for us.


Common Reasons To Sell To An Investor

While most people sell their home the traditional way, there are a few scenarios where selling to an investor might make the most sense. Here are a few of the common ones we’ve seen.


Inherited home

You’ve inherited a property from a family member, but you don’t plan on living in the home. You also don’t want it to sit empty or to manage tenants if you rent it out. Selling your home to a cash investor is a quick and easy way to sell the house, without having to worry about spending months on renovations or trying to manage a sale.


Foreclosure

If you’re behind on payments and need to sell quickly, an investor might be your best option.


Disrepair

If your home requires a lot of updating or repair work to be attractive to traditional buyers, it may be appealing to sell your home as-is to an investor. At the BC Team, we buy homes in all conditions, even if it’s a state of disrepair. We’ll give you a fair offer on it too!


Pros of Selling to an Investor

Selling to a cash investor has a lot of benefits that traditional listings don’t. For one, you don’t need to repair or renovate the home before you sell it. It’s an as-is purchase, so don’t worry about replacing the roof or updating the kitchen.


Quick Escrow Period

Unlike in a traditional sale, where a buyer will require a 45-day escrow period to allow enough time for inspections, appraisals and mortgage approval contingencies, a cash investor can close in less than a month — and sometimes even faster! At the BC Team, we work with your schedule, which means we close when you’re ready to. It could be within a week, or it could be in six months — whatever you need, we’ll make it happen.


Simplified and Cheaper Process

Selling to an investor is simple and more affordable than listing your home. On top of avoiding repair costs, you won’t have to pay agent fees, holding fees, closing fees (The BC Team covers those!), and other costs associated with a home sitting unsold such as mortgages and taxes.


We also handle all of the paperwork at the BC Team. We pride ourselves in our process because of how easy it is for sellers. We always keep the sellers in mind. All you need to do is give us a call and we’ll handle the rest.


All Cash Offers

No matter how you sell your home, you’ll likely get a cash offer or two. That means there is no danger of hearing an investor’s offer — it’s just another offer on top of what you may already have.


Paying in cash also reduces your risk as the seller. Since it is a cash offer, you won’t need to deal with the uncertainty that comes with a buyer applying for a mortgage.


Flexible Timeline

We mentioned this earlier, but it is a big benefit when you call us. We don’t force you to move out of your home until you’re ready to move out. Listing your home doesn’t give you this freedom. When you list, you’re working on the buyer’s schedule, not yours. You will have a closing date that you will have to adhere to.


With us, you set your own closing date. If it works for you, it works for us.


What is Listing a Home?

You’re probably more familiar with the process of listing your home than you are the idea of selling it to a cash investor. We don’t blame you — listing with a real estate agent is the most traditional way to sell a home. However, that doesn’t always mean it’s right for your situation.


When you list a home, you’ll be in charge of the state of the home, as well as any paperwork and fees that occur during the process. You also won’t have much power to pick when you close on the deal. That means you’ll have to move out based on the buyer’s needs, not your own.


Traditional listings do give you the chance to compete, however. You’ll have multiple buyers putting in their offers for your home and you’ll get to pick who you sell it to. You can also negotiate with specific buyers so their offers and demands match more with your needs.


However, you don’t get all of the benefits that come with selling to a cash investor. You’ll likely need to repair or renovate parts of your home, pay a real estate agent and listing fees, wait the average 45 days for escrow, move out quickly, and you’ll likely have to worry about the buyer being approved for a mortgage.


Who Are the Buyers?

The buyers are likely families or people just like you. That’s a huge pro of listing your home — you know that you’re selling it to the person who will live in it.


The potential buyer will make an offer that they think is fair based on their budget, their perceived value of your home, and advice from their real estate agent.


According to the Zillow Group Consumer Housing Trends Report 2018, the typical home buyer is:

  • 41 years old

  • College-educated

  • Middle-class income

  • Looking for a single-family home

Do What is Right For You

We won’t push you toward listing or selling to a cash investor. You need to do what is right for you, your family, and your home. At the end of the day, that is what is most important.


If you do decide that you want to try selling to a cash investor, give us a call. We’ll be happy to help.


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