How Do I Sell My House Fast in Greenville, SC?
Greenville, SC, is one of the fastest growing locations in the country right now. A strong economic outlook and a promising job market are factors that have attracted lots of people from all over the country. Needless to say, that’s welcome news for real estate investors who have been banking on the influx of people into what is considered one of the most desirable metro areas in the country.
If you’re a homeowner, you may think that the chance to cash in rising real estate prices has long passed you by. Nevertheless, recent market forecasts show that Greenville, SC, still shows signs of some significant upside potential for the next year or so.
This leaves you with a difficult dilemma: should you list your property with a real estate agent or should you sell your house for cash to an iBuyer? While these may be the most popular choices these days, how they affect your immediate needs and your bottom line are drastically different.
Let’s take a look at how both options affect you so you can decide what’s best for your situation.
LISTING WITH A TOP AGENT
Selling your home via a real estate agent is the traditional way of selling real estate property. They will list your home for sale and will negotiate a fair market price for your home. Once sold, they real estate agent will get a percent of the proceeds and you’re pretty much done.
Sound simple? Not so fast!
Before your home is even listed on a newsletter or shown online, it’s got to look as magazine-worthy as possible. This entails getting repairs and restoration work done on the house. Whether you pay now or deduct the costs from your sales proceeds later, fixing up your house may take months before it’s picture-ready for your real estate agent to even begin showing your home!
Then once your home is show room ready the work really begins. Open houses, prospective buyer demands and weeks or months of uncertainly will consume most of your time.
SELLING TO AN iBUYER
“iBuyers,” are the newest rage to the real estate investment sector. These real-estate companies buy homes directly from homeowners using a sophisticated algorithm coupled with advanced technology known as AI (artificial intelligence) These proprietary real estate valuation models are used to make instant offers on houses to homeowners.
With a massive influx of cash from investors, these “iBuyers” such as Zillow Offers, Offerpad, and Opendoor are expanding into new markets on a monthly basis. Jeff Andrews had this to say in a recent article published in Curbed, “With glossy marketing, aggressive PR campaigns, and billions in VC cash to burn, iBuyers have been expanding steadily. Since launching in 2014, Opendoor has spread to 20 major real estate markets in the United States,” said Jeff Andrews in this article published in March 2019 in Curbed.
Sure this all sounds good at first, however, none of this comes without a cost. According to Opendoor, the average service fees charge paid by customers in Sept 2019 was 7.1%. These service fees varies for each property and can range from 6-14%.
iBuyers will require an inspection after their initial offer to verify that the property is indeed in good condition. If repairs are needed, they will either deduct the estimated costs from your net proceeds or require you to make the repairs.
SELLING TO LOCAL CASH HOME BUYERS
When you work with a cash home buyer in Greenville the difference in the speed and the convenience of the transaction is sometimes mind-boggling. It almost sounds like its too good to be true.
Yet, more and more people are ditching the old real estate agent method and working directly with cash home buyers to sell their house and move on with their plans while being flush with cash in their pockets.
Local cash home buyers are real estate investors who typically offer instant-cash offers once they have taken a look at the property. By doing this, the offer you initially receive from them will not change as in the case of iBuyers. In fact, local cash buyers will make a cash offer for your home as-is!
Homeowners who are looking to make a quick sale of their house can save lots of time and headaches by selling directly to a cash home buyer. Selling to your local cash home buyer enables you to skip the months-long process and mountains of paperwork that are traditionally the hallmark of working with real estate agents.
If you need to get a fair cash offer for your home and have little to no time to waste, then the option to work with a local Greenville cash home buyer such as CashOfferOnHouse.com is as compelling as it gets.
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