Getting the Most Money for Your Home in Southern California.
“My home is going to be foreclosed and I must sell it fast. Who will get me the most money? A realtor or a company that buys properties for cash?”
In the current market being able to sell a home quickly for the most money is a concern among homeowners about to list a home. So which can get you the most money: a realtor or a cash for homes company?
The biggest difference we found between a real estate agency and a cash for homes company was time. Can you wait six months or a year or more, or do you need to avoid foreclosure?
Up front costs are another difference. Before a realtor lists a home, a list of repairs usually needs to be addressed. Repairs help attract buyers.
And when you have a realtor sell your home you’re still responsible for the mortgage, taxes, insurance, etc. The longer your house is listed the more you pay out of pocket. Can you cover the cost of repairs? If so, then a realtor could be the option for you.
If your home is near foreclosure, or you’re behind on payments, time may not be an option. In these cases, a fast cash for homes company may be a good option for you because they buy properties as is and very quickly. With a realtor, it could take up to two months to receive money from the sale. With a cash for homes company, it usually takes a month or less.
There are additional costs when using a realtor. These include
inspections, transfer tax, title insurance, homeowner’s warranty policy, septic pumping, other certifications/disclosures, escrow fees, and the realtor’s commission. The cash for homes companies we researched paid those expenses.
In the end a cash for homes company and a realtor offer two completely unique services that can help people in different situations. If you have time to wait, more money might be made using a realtor. But if you want sell immediately a fast cash for homes company might be the perfect solution. A word of caution though, do your research and make sure the agency is reputable. Choose a local company and get referrals.
