Deciding whether to sell your house the “traditional route” versus accepting a “net offer” from a cash buyer (also called an iBuyer) can be a hard choice to make. It makes it even more difficult if you don’t understand the pros and cons of those choices. To make life a little easier we have a quick comprehensive look at the major differences to help you decide what makes the most sense for the sale of your home.
When selling your home traditionally there are a few factors you need to look at: how much will you need to invest in repairs, how much will fees and commissions cost, how long will it take to sell your home, etc.
It is important to know that your realtor will earn a 6 percent commission. You will also have to shell out some cash for formal inspection costs, as well as closing costs which vary between 1-2 percent, and then pay for any concessions that you may need to make for the buyer of your home in order to get your asking price. On average you are looking at between 10-12 percent off the top of whatever your house is listed for. Another thing to consider when selling traditionally is the amount of time your house could be on the market is fairly unpredictable leaving you at the mercy of a rather open ended timeline, if your house even sells.
Alternatively, there are many iBuyers such as Zillow, Opendoor, and yes – The investor Hub, who will offer you cash for your home, as is, and at fair market value. The difference, however, between The Investor Hub and other companies is that the price we offer you is the net amount you will receive. Other companies may make a cash offer but because it’s automated that amount usually decreases after a home inspection i.e. the amount that other ibuyers offer you is not the net offer you will receive for your home.
The Investor Hub makes an offer that will be exactly what you pocket. With us, there are no commissions, no concessions or repair costs, and no formal inspections. Therefore the net price doesn’t fluctuate or decrease.
The Investor Hub works on YOUR timeline. You choose your close of escrow date and can get your cash in as little as 10 days. Choosing The Investor Hub will give you more money in your pocket, less stress, and the advantage to start the next exciting chapter in your life!