When it comes to selling your Metro Detroit house, you have a number of options. You could work with an agent to list your house and wait for them to find a buyer, or you could list your house yourself and try to find a buyer independently. Alternatively, you could work with a real estate investor who will buy your house from you directly… and fast. Here are the key advantages of selling to an investor:
Speed
Selling to a traditional buyer involves a lengthy process. First, the agent has to find a buyer, which can take months. Then, the buyer usually needs to secure financing, which adds more time. In contrast, real estate investors are ready buyers who can close quickly—often in as little as a week or two, depending on the investor.
- Example: Imagine you need to relocate for a new job opportunity and you have to sell your house quickly. Listing with an agent could take months, but selling to an investor could get you the cash you need in just a couple of weeks.
A bonus of this speed is that you don’t have to continue paying bills and taxes on the property while waiting for a buyer. This can save you hundreds or even thousands of dollars in ongoing expenses.
- Example: While waiting for a traditional sale, you might pay $300 per month in property taxes, $150 in utilities, and $200 in maintenance. Over six months, that’s $3,900 in expenses you could save by selling to an investor quickly.
At 3D Property Solutions, we can often buy houses in Metro Detroit within 7 days. Click here to enter your information, and we can get back to you right away with more details.
No Repairs
Not every house is in pristine condition. When selling to a traditional buyer, you’ll likely have to pay out-of-pocket to fix up the property and clean it before buyers will even consider making an offer. Most investors, however, buy houses in as-is condition. This means you can save money and time (and hassle!) by skipping the repair and cleaning process.
- Example: If your house has an old roof and outdated kitchen, you might spend $20,000 or more on repairs to attract traditional buyers. An investor would buy the house as-is, allowing you to avoid these costs.
If the repairs are extensive, you won’t have to deal with contractors. The investor may ask for a small discount on the selling price since they are covering the repairs instead of you, but this is a small price to pay to sell quickly and without hassle.
No Guessing
When you sell to a traditional buyer, you’re guessing and hoping that they’ll pay you the asking price for the house. If you wait several months and they negotiate a lower price, it can be very frustrating. However, when you sell to an investor, you know exactly what the investor will pay right away. You don’t have to accept their offer, but it’s a great first step to help you decide how to move forward.
- Example: You list your house for $300,000, but after six months, the best offer you get is $280,000. With an investor, you get a firm offer up front, eliminating the uncertainty.
There are many ways to sell your house, and although selling to an investor might not be the right choice for everyone, it might be right for you. If you’re thinking about selling, you’re probably weighing your options and deciding how to sell and who you should sell to. Consider the key advantages of selling to an investor for a faster, easier, and more predictable sale.