Looking For Home Buyers In Detroit? Which option is best for you.
We Analyze The 3 Ways To Sell Your Home In Detroit
If you own a home and are thinking about selling to home buyers in Detroit, you have several selling options available to you. If you have been thinking about selling, you might be weighing your options right now and maybe deciding how to sell and who you should sell to. In this blog post, you can learn the key advantages of selling to an investor over a traditional buyer in Detroit and we have looked at 3 advantages specifically and break them down to help you determine which way is best for you.
For most people, owning a home is the largest purchase of their lives. So there is no surprise that the process of buying a home or selling a home can be extremely complex.
Over the years, three home-selling options have developed to allow homeowners like you to sell to home buyers in Detroit. As you think about selling your home, you need to decide which way to sell is best for you, given your goals and timeline to sell.
Home-Selling Method #1: Sell Through A Real Estate
This is the traditional way to sell your home, so it will often be the most common. In this home-selling method, the homeowner chooses a real estate agent who will list the house.
The agent acts as a “middleman,” showing prospective homebuyers in Detroit through your house until one of those buyers decides to buy. An offer will be made by the buyer, the agent will negotiate on your behalf, and then they will come to closing.
The timeline on this selling method can take months (the average is 3-6 months). Sellers who choose this method prefer to gamble on the timeline to do less work (the agent does the work) and with the hopes of selling at the market price. However, sellers who use this method will often need to spend money up-front to repair their house first, and then spend money after the sale on agent fees and commissions.
Home-Selling Method #2: Sell On Your Own
This method of selling has grown up in response to a desire to save money on agent commissions. The process is very similar to the above method of selling, but everything mentioned above is done by the homeowner and not by an agent.
The homeowner lists their house, shows it to prospective buyers, negotiates with the buyer, and closes the deal.
There are a lot of similarities – the timeline is usually the same and the homeowner will still have to pay up-front for repairs on their house to make it sellable. Sellers who choose this method often do not mind all of the extra work involved in showing their house; they usually choose this method to save money on commissions.
Home-Selling Method #3: Sell Direct To Home Buyers In Detroit
This method of selling is gaining popularity as homeowners look for a third way to sell. This process is very different – including being faster, easier, and will not cost the homeowner anything (so there is no surprise that this method is gaining popularity).
Rather than listing and showing the house or negotiating, the homeowner simply sells their house directly to professional home buyers in Detroit with cash and ready to buy the house as-is right now.
Speed – the buyer has money and is ready to buy; Ease – there is no expense or effort to repair the house before being sold, and there is no cost to the homeowner – professional home buyers (like what we do here at Amaze Properties LLC) usually pay closing costs and fees.
As mentioned before, when it comes to selling your Detroit house, you have several options. You could work with an agent to list your house and they can try to find a buyer. Or you could list your house yourself and try to find a buyer. Or, you could work with cash home buyers in Detroit who will buy your house from you directly… and fast. Here we deep dive into some of the advantages of selling to an investor that we listed above…
Key Advantages Of Selling To An Investor Over Traditional Home Buyers In Detroit: Speed
To sell to traditional home buyers in Detroit, that buyer has to be found by the agent… which is a process that can take months. Fortunately, you will not have to wait that long. When you sell to a real estate investor, they can close fast – often in as little as a week or two (it varies, depending on the investor). Since they are the buyers, and you will not need to search… you already know who they are so you can sell quickly!
And a bonus of this: there is no need to pay bills and taxes on that property while you wait for a buyer to be found. This can save you hundreds or even thousands of dollars in ongoing bills.
Key Advantages Of Selling To An Investor Over Traditional Home Buyers In Detroit: No Repairs
Not every house is in pristine condition, which is okay, it happens. But when you sell to traditional home buyers in Detroit, you may very likely have to pay out-of-pocket to fix up the property and clean it before a traditional buyer will even look at your house. But most investors buy houses in as-is condition, which means you can save money and time (and hassle!) by skipping the repair and cleaning.
And if the repairs are really extensive, there is no need to deal with a contractor, either. Yes, 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 all the hassle.
Key Advantages Of Selling To An Investor Over Traditional Home Buyer In Detroit: No Guessing
This is perhaps the biggest problem of them all: When you sell to traditional home buyers in Detroit, you may have to guess and hope that they are going to pay you the asking price for the house… and if you wait several months and they negotiate a lower price, well, this isn’t ideal. But when you sell to cash home buyers in Detroit, you know exactly what the investor will pay right away. There’s no need to accept the offer but at least it would be a great first step to help you decide how to move forward.
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.