Selling your home in Las Vegas can feel like a stressful and daunting process, especially if you’re not familiar with the intricacies in your real estate market. With so many options available, it can be difficult to know which course of action when selling a house is best. One option that many homeowners are turning too is selling directly to a cash buyer rather than working with a real estate agent. In some cases removing the middleman will help you to save time, money, and hassle.
Below are four ways on why selling your house to a direct buyer can simplify the home-selling process.
1. No Need to Make Repairs / No Cleaning
When you sell your Las Vegas property to a direct home buyer, you don’t have to worry about making any repairs or upgrades to your house before selling it. You don’t have to worry about cleaning your house before you sell either! This is because direct buyers are typically looking for homes that need work and/or need to be cleaned, and are willing to take on the necessary repairs themselves in an effort to get a better deal as that’s how they make a living through real estate. This can be a huge relief for homeowners who don’t have the time, money, or expertise to make the necessary home improvements.
Gr8housebuyers® is able to make cost-effective repairs to homes, and we have systems and processes in place to allow us to offer you more money for your home! Most of our acquisitions transpires in-house which saves the home owner more money on a distressed property when they sale.
On the other hand, when you work with a real estate agent in the Las Vegas area, they may advise you to make repairs, clean the house, stage the property, get professional and expensive pictures, get an appraisal and home inspection done, and also ask to upgrade your house before they list it on the market. This can be a major inconvenience, as it can delay the selling process and cost you a significant amount of money based on the season and timing of the real estate market. Some homeowners become frustrated with spending money on a property that they intend to sell, especially without any guarantee of a return.
2. Experience a Faster Closing Process When Working With a Direct Home Buyer
Another benefit of selling your home to a direct buyer in Las Vegas is the faster and smoother closing process you will likely experience. When you work with a direct buyer, you can often close on the sale of your home within a matter of weeks rather than months. This is because there are fewer parties involved in the transaction, which means there is less paperwork, less hurdles, and fewer delays.
When you work with Gr8housebuyers®, you can take solace in knowing that we do not require standard bank financing to close a deal, and we do our own underwriting on the transaction. We are able to buy and close right away as we have funds readily available for any viable investment.
In contrast, when you work with a real estate agent, the closing process can take several months. This is because the agent must market your home (some may have open houses, which may be an inconvenience, and can be a waste of time depending on the product), there is more paperwork involved, they have to find potential buyers, and negotiate with them on your behalf, etc. This can be a time-consuming process, and there is always the risk that the buyer will back out of the deal at the last minute.
Of course, there are exceptions to every rule, and you may experience a rare direct sale on the MLS, but overall, you can expect things to take much longer and be less convenient when working with a Las Vegas real estate agent and a traditional buyer.
3. No Real Estate Commissions or Fees
Typically, when you sell your home to a direct home buyer like Gr8housebuyers in Las Vegas, you don’t have to pay any commissions or fees. This can save you a significant amount of money, as real estate agents typically charge a commission of 5-6% of the sale price. This can add up to thousands of dollars, which can be a major financial burden for many homeowners who are expecting to receive more money from the sale of their homes.
In addition, when you work with a real estate agent, you may also have to pay other fees, such as marketing costs, staging costs, home inspections and appraisals, cleaning, holding costs, broker fees, other concessions, and closing costs. All these fees can also add up quickly and can significantly reduce the amount of money you receive from the sale of your home. So it’s very important to do the math and compare all your options when selling a house. You don’t want to have an unexpected loss when selling a house and it’s all said and done.
4. More Control Over the Sale Of Your House
When you sell your house to a direct buyer like Gr8housebuyers, you’ll be able to have more control over the home sale. This is because you are dealing directly with the buyer rather than through a third party. This means that you can likely work with the home buyer on the terms of the sale that you find suitable, such as the closing date or timeline, and the sale price. You can even ask about additional programs that help with moving arrangements, cash advances, etc.
When you work with a Las Vegas area real estate agent, the agent will likely have preferences on vendors and agents to work with. This can be a disadvantage if you have specific requirements or preferences that you want to be met in the sale of your home.
Selling your home to a direct buyer can simplify the home-selling process in several ways. You don’t have to make repairs, the closing process is faster, you won’t have to pay any commissions, no closing costs or other fess, and you have more control over the sale of your house.
If you’re considering selling your house in Las Vegas or the surrounding areas, it’s worth considering this option as a way to simplify the home selling process and save money!