Hiring Real Estate Agent vs. Sell to Investor - Pros & Cons to Know About

When you decide to sell your home, you may be in a dilemma about whether to hire a top realtors in San Antonio or sell it to an investor. If you get an all-cash offer on your house, do not think that you have got an ideal proposal. Before you sign that purchase agreement, you need to think twice. Investors are not always the gifts they seem to be.

Some individuals or families who are in hunt of houses or looking for a place to settle in. Some might even be looking for their forever place to live and raise their children. But, such people cannot be called investors.

Who are investors then? People or companies who wish to purchase your house for making money are known as investors. In this case, negotiations go differently than with someone who plans to live on your property. However, the intention of the investor should be a sufficient reason for you to pause and think twice before making a decision.

Advantages

• As-is purchase:

The investor does not plan to live in your property and they do not care about the condition of your house. They are not interested in checking whether the kitchen cabinets are up to date or if the toilets are new. Many investors are looking for older homes that they can fix and flip or may turn into multi-family buildings.

• Quick offer closing

Since investors make an all-cash offer for a house or sale in San Antonio, TX. your property will be sold immediately as soon as both parties agree on the sale conditions. The average sale time for your house with an all-cash offer is two weeks. If you sell your house to a buyer in need of a mortgage, the average sale time can be 2 months.

• Flexible purchase agreements

If you wish to step out of the “real estate game” totally or if your home is underwater, selling your property to an investor can be the way to go. Some investors agree to take over your existing mortgage and some even rent you the house back. This is what we call a sale-leaseback transaction in real estate.

Disadvantages

• You do not know who will be purchasing your property

Legally, investors are not required to reveal their identity when purchasing your house. It may be anyone - a landlord involved in shady rental practices or a developer who wants to utilize your space by turning it into apartments.

Investors are constantly in the hunt for buying properties that are sold below their market value. They want to steal the deal by making bargain purchases. Since they are not obliged to tell you what they will be doing with your property, you may not know your property’s true market value.

• The cash buyer may be a scam

A few common incidents have occurred where someone poses themself as a foreign or an out-of-town buyer. They may contact you and say that the investor wants to close it right away. The investors are not interested in viewing the property as they just want to buy it. The investor may give you a false cashier’s check. They even have an unrepresented seller sign the purchase agreement. Before you know it, you will have been conned and swindled out of money. To prevent this from happening, you must hire a trusted San Antonio realtor who is familiar with selling houses to investors.

Real Estate Agent

Advantages

• Higher selling price

When you work with top realtors in San Antonio, there are high chances that you receive a higher sale price on your property than if you would, if you sold your house directly. Real estate agents have a wider network in the real estate market and work towards getting the best deal for your property. They will assist you in every walk of selling your house right from listing it in the market to finding potential buyers to closing the offer.

You can run your numbers and see the returns after you have figured out agents’ commission, repair requirements, and other costs.

• Real estate agents pay significant attention to details

When you work with a professional San Antonio Realtor, they will take care of everything from start to finish. This includes the paperwork, marketing, property showings, and everything else. This is very helpful when you are all in for a traditional listing and have no knowledge of handling these things.

If you were opting for the FSBO route, you will have to take care of everything on your own. But, when you hire top realtors in San Antonio, you can sit back and relax. You need not handle anything and your agent will take care of everything.

Disadvantages

• Cleanings and Home viewings

Listing your house on Multiple Listing Services required it to be cleaned thoroughly before any professional home pictures are taken and put up. For some people, cleaning is not a fun activity especially if they haven’t deep cleaned their house in months! In some cases, you may have to hire professional cleaning companies or even rent equipment like carpets or sidewalks.

Also, in the case of home viewings, people walking in and out of your space can be disturbing. It will also interrupt your day-to-day life as you may have to leave whenever potential buyers come for property viewings.

• Extended Selling time

There is no specified time frame as to when your house will sell when you are working with an agent. If your agent is good enough, your house can sell pretty quickly. If your house sits on the market for a while, it will leave you with costs like insurance, property taxes, utility bills, and even mortgage.

The Bottom line

Now that you have read the pros and cons of both the parties, agree to it or not, your real estate agent is your ally. There are a lot of benefits to hiring a real estate agent. When you work with top realtors in San Antonio, they will assist you from the beginning till the end right from when your property will sell. They will also help you when you are on the hunt of buying a new house. This is an added benefit of why a real estate agent should be your choice.

There are a lot of reasons why we love San Antonio! If you want to buy or sell your property here, get in touch with top realtors in San Antonio today!