At some point in our lives, we may find ourselves needing to sell our house quickly. Whether it’s due to a job relocation, financial difficulties, or personal reasons, the urgency to sell can be overwhelming. If you’re in this situation and wondering about the timeline for selling your house with an agent versus an investor, then this article is here to help.
When selling with an agent, you’re essentially entrusting them to represent you in the sale of your property. The agent’s role is to find potential buyers and showcase your property to them. This process can take weeks or even months as the agent may require you to fix up your house to ensure it’s in a presentable condition. Once the house is listed, the agent needs to find interested buyers and convince them to make an offer, which can take anywhere from three to twelve months.
On the other hand, selling to an investor means you’re working directly with the buyer, and they’re likely to purchase your property in its current condition without requiring any fixes or renovations. Since the investor is the buyer, there’s no need for showings or negotiations with third parties. As a result, the process can be much faster, with some investors capable of closing the deal within a week or two.
Ultimately, the decision to sell your house through an agent or an investor depends on your specific needs and priorities. If you’re looking to sell quickly and don’t want to spend time and money fixing up your property, an investor may be the way to go. However, if you’re willing to wait and want to maximize the sale price of your property, working with an agent may be a better fit.
How Long Does It Take To Sell My House With An Agent Vs An Investor?
The Agent…
An agent needs to show your house to prospective buyers and try to convince them to buy. Therefore, they’ll want your house to be in pristine condition, and then they need to find as many prospective buyers as they can to show your house to.
Therefore, it can take weeks or months for you to fix up your house before an agent feels that it’s ready to list. And once the agent lists it, it can take months for the agent to find buyers to show your house to, and for one of those buyers to make an offer (on average, it can take 3-6 months… sometimes as long as 12 months for this to happen). And what people don’t realize is: if the buyer can’t get financing or gets cold feet in the deal then they can back out and you go through the process again.
Therefore, it can take months to sell your house through an agent – it all depends on how quickly you can get your house in “showroom condition” and how quickly they can find a buyer and whether the buyer goes through with the purchase.
How Long Does It Take To Sell My House With An Agent Vs An Investor?
The Investor…
One of the most surprising aspects of selling your house to an investor is how fast the process can be. Some investors are able to purchase a property in as little as 7-10 days, which can be a stark contrast to the months it can take when working with an agent.
One reason for the quick turnaround time is that the investor is the buyer, eliminating the need for showings and negotiations with third parties. Additionally, many investors, including Sota Home Buyers, buy houses in any condition, so there is no need to spend time and money fixing up the property before selling.
When deciding whether to sell through an agent or an investor, it ultimately comes down to your priorities. If speed is critical and you need to sell your house as quickly as possible, an investor may be the better choice for you. However, if you’re willing to wait and want to maximize the sale price of your property, an agent may be a better fit.
Ultimately, the decision to sell through an agent or to an investor is a personal one that depends on your unique circumstances and priorities.