With all of the different services available, today’s competitive real estate market has become less daunting and overwhelming. You have your real estate agents who can guide you through the entire process. But you also have your cash home buyers who buy directly with their own money.
So if you’re looking to sell your Lexington, KY house fast, what would be the smart choice? Do you hire an agent or do you sell your house to a cash home buyer?
To help you answer these questions, we’ve compiled a simple and easy guide on the differences between real estate agents and cash home buyers. Read on below to find out more:
What is the difference between a real estate agent and a cash home buyer?
Both of these services lead to the same outcome—you get to sell your house. But what is the difference between the two? Here are some profiles that give you a short summary of the services they provide:
Real estate agent
These are licensed professionals who know the ins and outs of the the real estate market. They help buyers who are looking for homes that fit their budget and sellers who have available property. In addition, agents are also in involved in the negotiations, inspections, and staging of the property.
Cash home buyer
These are the companies that purchase properties directly from the sellers. They pay using their own cash money to expedite the process. As a result, cash buyers do not require any inspections, repairs, or lenders—they buy houses in any condition.
What are the pros and cons of getting a real estate agent to sell your Lexington, KY home?
While there is some comfort in having a professional real estate agent handle the processes and paperwork, there are also some downsides to it. Here is a quick rundown of the pros and cons of hiring an agent:
PROS
- Can negotiate for the highest possible offer.
- Will oversee the inspections, repairs and staging for you.
- Can find real estate investors who can preserve and remodel the property.
CONS
- Will cost more due to the inspections, repairs, and staging on top of the 6% commission.
- Can take around 60-90 days to close the deal.
- Can’t completely guarantee a solid deal due to the unstable market and the inspections.
Overall, hiring a real estate agent can lead to a good payoff. However, there are also certain factors that you need to be mindful of. If time and resources are not as readily available to you, you can also consider the other option. It all depends on your situation and your immediate needs
How do I know if I should sell my Lexington, KY house to a cash home buyer?
If you’re still wondering whether you should hire a real estate agent or sell to a cash home buyer for your Lexington, KY property, look no further. Here are some questions that you can ask yourself so you can better assess your situation:
Is the house in poor condition?
A well-maintained property could definitely receive a higher offer in the hands of a professional real estate agent. However, well-lived houses that have suffered from some wear and tear would have a different story. These types of houses would go through months of repairs and cost hundreds of dollars. A cash home buyer would purchase your property in any condition.
Do you have time to spare?
Repairs, inspections, and stagings all take time. On top of that, some contracts fail during the negotiation or inspection process. This would all lead to a closed deal that would take months. If time is of the essence, you can close in seven days with a cash home buyer.
Need to learn more?
There’s no need to get stuck in a never-ending debate between these two options. The best people for your Lexington, KY property would be employed at a cash home buying company. And there’s no need to look further.
Sell your house fast with Rylo Homes! We are a no-nonsense cash home buyer that can buy your property in any condition within a week!
Skip the inspections, repairs, and commissions with Rylo Homes! Avail of our fair cash offer by giving us a call or answering the quick and easy form on our site. Get started with us!
