October 21, 2019

Sell your house direct to a cash buyer

Are you thinking about selling your house fast and wondering if you should use a realtor or sell direct to cash buyer? If you are flexible with time and your house doesn’t need repairs then you are probably best using a realtor to squeeze out top dollar. If your house needs repairs and you don’t want to fix it up or stage it for open houses then selling direct to an investor may be your best option. You see when you sell through a realtor you can probably find a home owner who is using bank financing who will pay the highest price. Just understand that even if you accept their offer, the bank will order valuations and property inspections. These can take awhile and can come back not approving the financing or demanding that you fix certain things from the inspection report before you do. So you either need to spend the money to fix those things, drop your price or put it back on the market with the stigma of having had a failed inspection report. Not to mention the fact that you will lose around 10% of the sale price to realtor commissions and closing costs.

If you have an older house that needs a few repairs you might be better off just selling the house direct to a local cash buyer. Sure they will want a discount for paying cash and buying in As Is condition but you will get your house sold fast without having to make repairs or clean up. Most cash buyers will let you leave anything you don’t want behind. They will usually pay the closing costs and since there are no realtor fees whatever price you agree in is the actual amount that you will pocket.

If you are thinking about selling your house direct to a cash buyer in Greater New Orleans then reach out to Home Buyer Louisiana to discuss how the process works. We are New Orleans based investors who buys houses for cash. We are always happy to talk to you about your situation and give you advice even if you don’t end up selling the house to us. Give us a call or fill in the online form if you would like to talk.

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We bought this dated house on the West Bank

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