Are you ready to sell your house? If that’s the case you would be asking around about people who buy houses, and depending on who you ask the answer will be different. You have a range of options when you’re selling a house and things can get confusing for new sellers.
Let’s get one thing cleared, there is no single “right” way to sell a house. You have the option to sell your house on the market through a real estate agent or as FSBO, or sell it off market to companies that buy houses like iBuyers and “we buy houses” companies. All of these different options have their own pros and cons and are suitable for different types of sellers.
Selling to We Buy Houses Companies
When you think of people who buy houses, “we buy houses for cash” companies are probably the closest to that criteria. These are cash investors that buy houses off market and are a better option if you want a quick home sale.
We buy houses companies are mostly house flippers and often market themselves as “we buy houses any condition”, making them a very lucrative option for sellers looking to get rid of their damaged houses. Cash buyers can provide a convenient and quick way to sell a property as they don’t have to deal with mortgages and loan appraisals. If you need to sell a home for quick cash then “we buy houses” companies, such as John Medina Buys Houses, can offer you quick cash for your house in a matter of days.
Choose This Option If:
- You want to sell your house as quickly as possible.
- You want cash for your house.
- You have a damaged property and want to sell as-is.
- You don’t want a more hands-on approach in the selling process.
- You want to sell a rental property with tenants under contract.
- You’re under the threat of foreclosure and want to sell.
Don’t Choose This Option If:
- You want to get the maximum possible price on your house.
- You can afford to wait months for the listing process.
- You want to maximize profits by spending time and effort on repairs.
Selling to iBuyers
A second, somewhat more unorthodox, option for you to sell your house for cash is to sell to an iBuyer. iBuyers, short for instant buyers, are a new breed of cash home investors that are steadily gaining popularity due to their instant cash for home offers.
Among companies that buy houses, iBuyers are different because they don’t see the value of your house like other investors, rather they use complex computer algorithms and calculation softwares to determine the value of your home. However, these iBuyers are very new in the real estate business, so accessibility is not always given.
Choose This Option If:
- You want a quick home sale.
- You want the sale process to be convenient.
- Your state has access to an iBuyer.
Don’t Choose This Option If:
- You want to sell a damaged house as-is.
- You want to get the highest price.
- You have no time constraints to sell a house..
Selling On Market Through an Agent
While selling your house off the market for cash can be very quick and convenient, it does not always fetch you a better price. But fret not, you always have the option to sell your house on the market for a higher price. One of the most efficient ways to do that is through an experienced real estate agent.
Real estate agents can guide you through the whole selling process, helping you stage the house and listing it. They also know how to price the house and they can negotiate better. But it all comes with a price tag so be prepared for a 5-6% cut as the agent’s fee.
Choose This Option If:
- You want to maximize profits on the house sale.
- You can spare some cash for necessary repairs.
- You can keep up with potential buyers visiting the property.
- You can spare a percentage of the sale price for the agent’s commission.
Don’t Choose This Option If:
- You are in a rush to sell the house.
- You don’t have spare cash for potential repairs.
- You want a more relaxed selling experience.
Selling the House as FSBO
If you want a more hands-on approach or just want to save on the agent’s commission, selling a home as FSBO on listing is also a possibility. The process of selling a house by putting it as for sale by owner is almost the same as selling through an agent, minus the agent part. In an FSBO, you’ll have to do the cleaning, repairing, pricing, listing and negotiating all by yourself, hence it is not recommended unless you are already experienced in home sales.
FSBO is mostly recommended if you already have a buyer lined up for purchase.
Choose This Option If:
- You don’t want to pay the agent’s fee.
- Someone in your acquaintance is ready to buy the house from you.
- You want a complete hands-on approach.
Don’t Choose This Option If:
- You have no prior experience in real estate.
- You want to sell quickly.
Among all these different options, “we buy houses” companies are becoming increasingly popular as they provide a hassle-free alternative, albeit with a price difference. Still, if you are cash strapped or in urgent need to sell, they provide the ideal way to do so.
John Medina Buys Houses is a cash home buyer company in California where we buy houses fast for cash, and when we say fast we mean it. With us you are guaranteed to have your cash within just 14 days of getting your cash offer from us. With a BBB rating of A+ and all those 5 star reviews on Google, you can be rest assured that you are dealing with a legitimate business.
We offer all of our clients free cash offers without any obligation to follow through, so go ahead on our website and get your free cash offer on your house today!
