There are lots of ways to sell a house in Sacramento, but sometimes understanding the difference between each is absolutely essential. One sticking point for many people is the difference between selling your home through a real estate agent and selling to a cash buyer. So what really is the difference between the two and which is right for you? Keep reading to learn more.
Definitions
To start learning about the difference between the two, you have to understand what a real estate agent and a cash buyer is. A real estate agent is someone who is hired to help sell a home, and their income relies on their ability to close on that home sale to another buyer. A cash buyer, though, is just like it sounds. This is an individual or a company willing to offer you cash for your home and complete the sale immediately. Which is right for you? You may want to take a look at the benefits and drawbacks of both.
The Pros and Cons of Working with Real Estate Agents
So, what’s good and bad about working with real estate agents? One serious benefit is that agents can help sell your home for more money than you might get with a cash buyer. There’s a drawback there, though. A portion of that profit will also have to go into their salary, their broker’s salary, and the home inspection. While that price may look great on paper, you won’t get to keep all of it.
Another benefit is that an agent will handle all of the paperwork, list your house almost everywhere to increase the chances of finding a buyer, and help you stage and show the house. That, too, though, can come with a drawback. If anything needs to be fixed, you’ll have to repair it before you can list it with the agent. Moreover, even with an agent listing your home absolutely everywhere, the house can sit on the market for longer than you’d like, too- which can be an issue if you have pressing matters a long way away and need the money from the sale urgently.
The Pros and Cons of Working with Cash Buyers
Are cash buyers better? As with real estate agents, there are both pros and cons to dealing with a cash buyer. Cash buyers can close on your home quickly, and give you money as soon as you need it. There’s no agent fees, you don’t have to pay for staging and showing, and your money won’t go into anyone’s salary but your own. Oftentimes, you only need to make minimal repairs, and sometimes the house inspection can even be waived. Those are some real benefits.