When you think “I have to sell my house in Dayton,” what are the recognized ways of going about this? The popular approach is to repair the house, put it in good order, and hire a recognized local realtor to handle the details. A less popular approach, but one that many people do take, is to sell the house themselves. These people will save having to pay real estate commissions to their agent and the buyer’s agent, but the process is complex. The third way is to sell your house to an investor who is ready to buy the house, “as is,” for cash.
Statistically, 20 percent of residential properties are sold to cash buyers. Of these, 75 percent were sold to real estate investors. There are real benefits to selling your home to a cash buyer:
Avoid Contingency Clauses
House sale contracts are rife with contingency clauses, otherwise known as “back-out” clauses. These clauses help the buyer. They most certainly do not help you, the seller. When you sell the house to a cash buyer, this obstacle to the sale is eliminated.
No Financing
A conventional home sale can get bogged down with the involvement of banks and mortgage companies. These institutions have no interest in your time issues. Cash purchases close quickly. There is no reason for lenders to become involved.
Speed
When you contact a property investor, they ask questions about the house, and they make an offer. It is up to you whether to accept the offer or not. If you do, the entire transaction can close in a week. This is a very attractive option when you have accepted out-of-state employment, or you are dealing with a sudden change in your circumstances.
