We buy houses in Fullerton California. Will you list it with an agent if you want to sell your house in CA, or should you sell it directly to a real estate investor? The best answer to this is… it depends. The situation of everybody is unique, which is what determines the best option. As homebuyers in CA, let’s look at some of the pros and cons of a direct sale to a real estate investor vs. listing in Fullerton.
Direct Sale To A Real Estate Investor vs. Listing In Fullerton CA
Listing With An Agent In Fullerton
The most popular way of selling a home is through the conventional way of working with a real estate agent. Agents are skilled in the process, are experienced with the market, and have access to the MLS. They will target a huge potential buyers market, deal with marketing, and help you get the best price.
The primary downside of using an agent is that you will lose money in paying the commission of the agent and that it may take a long time for the process. Since most agents limit their marketing efforts to traditional marketing, it could take six months to a year to sell your house. You will also have to undergo multiple showings, and there is always a risk that a deal will fall through due to a buyer being unable to secure financing.
While charging the commission of an agent out of the selling price, sellers often end up having to pay part or all of the closing costs to close a deal. The upshot is that the selling price is not the amount of money that you actually get.
A Direct Sale To A Real Estate Investor In CA
For many people who consider listing vs. direct selling to a Fullerton real estate investor, the latter is often the best option. The main advantages of selling directly to an investor in real estate are the usual cash payment and quick closing, sometimes as little as a week. Also, most investors will pay 100% of the closing costs, and you will not have to pay agents any commissions.
If choosing between listing vs. direct selling to a Fullerton real estate investor, keep in mind that investors purchase homes to make a profit, either by flipping or renovating and renting. And that means their target is to buy discounted houses to realize an ROI. So when you sell directly to a buyer, the selling price is likely to be lower than what you would get when you list with an agent.
Carrying Costs When Selling A House In California
Another thing to keep in mind when listing with an agent in Fullerton is the carrying costs. These are the expenses of owning and keeping a home and trying to sell it –such as HOA dues, mortgage payments, property taxes, utilities, insurance, etc.
Therefore, even if you can get a better selling price by going through an agent, the whole process can take so long (in some cases up to a year) that these carrying costs will eat up your profit. And although selling to an investor can mean a lower selling price, because it’s much quicker, you can end up walking away with more money in your pocket.
Sell My House In Fullerton CA
There are both pros and cons when it comes to listing vs. direct selling to a Fullerton real estate investor, and the best option depends on your unique situation and needs. But, if you’re new to selling real estate, making that decision may be difficult. If you think you need to sell your home, call Premier Property Buyers. We are your local California home buyers who offer cash for houses in Fullerton and we can help you.