Selling a house is undoubtedly a time-consuming and stressful experience. The process of selling property becomes even more difficult for people who have never done it before and have little or no knowledge about the home selling process. This confusion and stress leads many people to ask one simple question: “Who can by my house?” Luckily, Pittsburgh homeowners have many options when it comes to selling their property. Keep reading below to find out more, including how to sell your house to a cash buyer, which saves you both time and money!
Who can Buy My House?
The most obvious choice for homeowners who want to sell their house is to work with a professional real estate agent. Agents specialize in listing properties in a way that helps to attract the most number of buyers. Since this is a fairly common approach, we won’t spend much time talking about it in this blog post.
Related Article: How to find the best real estate agent in Pittsburgh.
Another option some sellers pursue is listing the house “For Sale By Owner”, allowing them to find a buyer directly without the help of an agent. This is an attractive option for do-it-yourselfers, because there are a significant number of benefits that go along with this strategy and a wide range of online resources available that can help homeowners do this. Finally, some homeowners prefer to sell their property to a real estate investor who can pay cash for their house. Keep reading to learn more about the advantages of this approach and why it might be best for your situation.
The Benefits of Selling a House to a Cash Buyer
Quite simply, the process of selling a property to a cash buyer can save you a lot of time and money. Receiving cash is the best way for homeowners to sell their property fast. This is because when you sell your property the traditional way (i.e. with a real estate agent), you pay fees and commissions up to 6% of the sales price of your home. Also, traditional buyers (i.e. buyers who need to obtain a mortgage) typically take at least 45-60 days to close. When selling to a cash buyer, there are no fees or commissions, and the process can be completed in as little as two weeks.
Another benefit is that real estate investors buy properties in “as-is” condition, meaning you don’t have to make costly repairs before listing it with a real estate agent. The investor takes care of all problems and repairs so that you don’t have to worry about a buyer asking for a credit at closing due to an issue that came up during the home inspection process. If you think you’re a good candidate for selling your property to a real estate investor, you should familiarize yourself with how it really works.
Steps to Take When Selling Your House to a Real Estate Investor
First and foremost, you should find a reputable cash buyer. Sellers should ask potential cash buyers several questions before making a final choice:
- What type of properties do you buy?
- Do you pay fair prices for properties?
- How do you determine the price to offer on my house?
- Are there fees I have to pay?
- How are you different from a real estate agent?
Once you find an investor who can answer these questions, you may ask them to evaluate your house in person. This usually takes about 30-60 minutes depending on the size and condition of the house. After that, the investor should be able to make an offer within 24 – 48 hours. If you accept the offer, the real estate investor will prepare all of the necessary documents required for closing. The last step is to decide on a closing date.
If you want to work with an experienced, reputable real estate investor in Pittsburgh, consider contacting McIntosh Management, LP today. We are proud Pittsburgh residents and have been investing in Pittsburgh real estate for the past 8 years. Contact us today if you need to sell your house – we love talking to fellow Pittsburgh homeowners!