Cash Home Buyers Vs Real Estate Agents: What’s The Difference

by Jun 30, 2021

How can I sell my home fast in Detroit, MI? You may be asking yourself this question if you’re ready to move onto the next stage of your life or if you just need some quick cash and don’t want the additional responsibilities. There are two ways to get your property sold quickly in this market – reach out to a cash home buyer or a real estate agent. Here are the primary differences between the two and their benefits to sellers.

Cash Home Buyers

Selling your property to a cash home buyer in Detroit can be a simple way to close the deal right away. There are plenty of individual investors and reputable companies who will make you an offer on the spot if you have the type of property they are looking for. This can be a smart option for those who are looking to close quickly, especially if the home needs some work, and you don’t have the time or the money to do it yourself.

It can often be cheaper and more cost-effective to sell a house for cash in Detroit if it needs to be renovated to get it up to market standards. Doing the renovations yourself can be costly and time-consuming, especially if you don’t have the expertise to know what needs to be updated. A cash home buyer in Detroit is also a good option if you need the cash to catch up on the mortgage or you have other liens that need to be paid off.

The downside of going with a cash buyer is that they may put in a lower offer than a regular homeowner, especially if there is work that needs to be done. This is because most cash homebuyers aren’t purchasing the property to live in they are typically going to use it for an investment strategy such as flipping it, wholesaling it, or renting it out.

But a cash buyer can also save you money on closing costs or time spent marketing your property and paying any carrying costs. So, you’ll have to look at the numbers and weigh the pros and cons if you are still on the fence.

Real Estate Agents

Real estate agents bring knowledge and expertise that most average homeowners don’t have. They also have professional connections, access to important databases, and the ability to devote their time to get your property sold.

Hiring real estate is a smart decision if your home is in decent condition and you want to get it sold for the highest value possible. A good real estate agent will know how to price the home to get you a decent offer in a reasonable amount of time. If you’re not sure how to price your home, a real estate agent can help you run comps and suggest a price that is based on fact and not emotion. To determine a smart asking price, you’ll have to consider the size of your property, the condition it’s in, and its desirable features. A quality realtor can help you answer those questions honestly and compare them to similar properties in the area to determine an accurate price point.

The downside of using a real estate agent is the commission and other closing costs. But the experience and resources they bring to the table can often save you money and headaches in the long run. Plus, hiring a real estate agent often requires you to do more work to attract the right buyer. This includes tasks like renovations, repairs, or staging the property. So, if you’re looking to sell the property as soon as possible, hiring a real estate agent may not be the best solution.

Anyone looking to sell my house fast in Detroit should first consider a cash buyer. A cash home buyer in Detroit is often the easiest, most cost effective way to handle the sale process. Select Home Solution is a reputable real estate company that will gladly work with any buyers looking to sell a home for cash in Detroit. They offer fast, hassle-free transactions and will be able to give you an offer on the spot if they are interested in your property. Get in touch with them today if you are interested in selling your home in Detroit as quickly as possible.

WE BUY HOUSES FAST FOR CASH

Enter your information below to received your fast cash offer!

  • Hidden
  • Hidden
  • This field is for validation purposes and should be left unchanged.

Recent Blog Post

Need To Sell Your Inherited Property? Cash Home Buyers Can Help

Need To Sell Your Inherited Property? Cash Home Buyers Can Help

It can be a major financial windfall to inherit valuable property such as a home, securities, bank accounts, and retirement accounts from a deceased relative. When selling an inherited property in Warren, MI, such as a home, you may need to follow a complicated and...

What is the Fair Market Value of my Home?

What is the Fair Market Value of my Home?

Do you live in Macomb County MI? No one will argue that 2020 was a turbulent year for real estate due to the pandemic. Real Estate was deemed essential, but homeowners were skeptical about listing their property and virtual showings became more popular. Inventory was...

What You Can Do With Your Warren Home While Facing Foreclosure

What You Can Do With Your Warren Home While Facing Foreclosure

For a lot of Americans, foreclosure is an unfortunate reality: more often than not, homeowners either file for bankruptcy or lag behind mortgage payments because of factors out of their control. That being said, when foreclosure starts becoming more and more likely,...