How Does Will Buys Houses Compare To Selling With A Realtor

Will Buys Houses and selling with a realtor are two different options when it comes to selling a house, and each has its own advantages and disadvantages.

When selling with an investor, cash buyer, or a realtor, it boils down to 3 main components. The property condition, the speed at which the seller needs the sale proceeds, and health concerns. A good investor has more flexibility than a realtor.

When it comes to selling a property, there are several factors to consider. Still, the property’s condition, the seller’s timeline, and any health concerns can often be the most critical. While selling with a realtor can be a reliable and traditional option, a skilled investor cash buyer can offer sellers a level of flexibility that may not be possible with a realtor. In this article, we’ll explore why the property’s condition, speed of sale, and health concerns can significantly impact the selling process and how working with an investor cash buyer can be a smart choice for sellers looking for more options and creative solutions.

What Are The Main Options When Selling A House?

Selling with a realtor typically involves listing the property on the Multiple Listing Service (MLS) and having the realtor market the property to potential buyers. The realtor will handle the negotiations and paperwork and typically charges a commission fee of around 6% of the sale price.

On the other hand, Will Buys Houses is a cash buyer and real estate investor who purchases properties directly from sellers without the need for listing on the MLS. This can be advantageous for sellers who need to sell their house quickly, as Will Buys Houses can close the sale within a matter of days if need be.

Additionally, Will Buys Houses can offer more flexible and creative solutions to sellers, which means they fit each seller’s needs.

While selling with a realtor may result in a higher sale price for the property, it can also take longer to sell and result in additional fees and commissions. Will Buys Houses may offer a lower price, but the quick and hassle-free sale may be worth it for some sellers.

Let us dig a little deeper to see what that entails.

What Are Some Of The Pros & Cons Of Cash Buyer Vs. Realtor

When most people think of selling their home, they think realtor. So, let’s start there and see the most common pros and cons of selling with a realtor.

Selling with a Realtor The Pros

1. Access to the MLS and professional marketing – this means a bigger audience for your home.
2. Professional guidance and negotiation – a well experienced realtor is worth their weight in gold, knowing the market and having negotiating skills for you.
3. Potential for a higher sale price – based on the MLS access, more potential customers means a possible greater amount of buyers willing to pay higher amounts.

Realtor Cons To Keep in Mind

1. Potential for a longer selling process – Even if it sold the first day listed, it typically takes 30 to 60 days until closing.
2. Commission fees and closing costs – when selling via a realtor, they have rules to follow and normal procedures for how things are done. Fees can run 10% for commission fees, transfer tax, and seller assistance. Plus, past due property taxes.
3. Limited flexibility in terms of sale terms – based on rules and standard accepted procedures, realtors do not have the same range of terms of sale.

Will Buys Houses, Pros Of Working With A Cash Buyer Investor

1. Fast and hassle-free sale process – no matter what it is based on your needs. 3-day closing date, or 94 days until closing, as an example. It’s about what suits you best.
2. Cash offers and flexible terms – Investors typically work each house deal to benefit the seller. What do you need as the seller? Then we work backward into the property.
3. No commission fees or closing costs – I know I do, and most all good investors cover the closing cost. The idea here is to give you a check for the offer price.

Cons Related To A Cash Buyer Like Will Buys Houses

1. Potentially lower sale price – sale prices are usually lower because the other fees are taken out. Plus, as an investor, it is an investment, so there needs to be a little wiggle room for surprises. I strive to make sure you receive a check at closing for the offer price.
2. Limited opportunity for negotiation – While the terms are very flexible to fit the situation, an investor knows the numbers, and it is this price, this way, to make the deal work, as an example.
3. It may not be a good fit for certain properties or situations – This basically means if you do not need to close quickly, the home needs repairs or updating and possible health concerns that need to limit showings, it is probably better to use a realtor.

Major Factors To Consider When Selling Your Home Or Property

Selling a home or property can be a complex and emotional process. From determining the right price to preparing the property for sale, there are several factors that sellers need to consider in order to achieve a successful sale. In this article, we’ll explore some of the major factors that sellers should keep in mind when selling their home or property, providing valuable insights and guidance to help them navigate the process with confidence.

Timeframe, What to think about prior to listing

1. The urgency to sell – when do you need the money? If less than 45 days, you are taking a risk listing with a realtor. Most people buy with a mortgage, and the hoops to jump through on mortgage applications are time-consuming.
2. Availability to show the property – If you are unable to have the flexibility to leave and allow showings, potential buyers and the resulting inspections will be challenging.

Property Condition, Is It Really Important For A Sale?

1. Repairs and renovations needed – buyers want a move-in ready home. They don’t really even want to paint their preferred colors, let alone holes, leaks, flooring, or updating to current trends.
2. Staging and presentation – Sometimes, to get top dollar, you have to stage. Still, in any case, the presentation should always be clean and tidy. It’s amazing how things are unnoticed until you move furniture or a picture to notice dirt or wear patterns.

Market Conditions Are Very Important To A Realtor; What About An Investor?

1. Supply and demand in the local market – A realtor relies on this to help set a listing price. An investor buyer knows and builds it into their offer. A realtor could be wrong in adding sell time and price adjustments while the cash buyer made his offer and shouldn’t need to adjust it.
2. Seasonality and market trends – are highly related to the above, but a good local realtor knows the local trends. So does a cash buyer investor.

House Sale Example; Realtor Vs. Will Buys Houses

Here are quick examples of a seller who chose to sell with a realtor and a seller who chose to sell to Will Buys Houses based on a $100,000 property:

Example of a seller who chose to sell with a realtor:

• Listing Price: $100,000
• Commission fee: 6% of sale price ($6,000)
• Transfer tax: 1% of sale price ($1,000)
• Buyer assist: 2% of sale price ($2,000)
• Prorated property tax: $2,400 ($1,200 paid by the seller)
• Inspection needed repairs: $1,800 (furnace part, window locks, and stair railings)
• Net proceeds: $88,000

In this example, the seller listed their property for $100,000 with a realtor, but after paying commission fees, transfer tax, buyer assistance, repairs, and prorated property taxes, their net proceeds were $88,000. Plus, this sale closed 45 days after acceptance of the $100k offer.

Example of a seller who chose to sell to Will Buys Houses :

This was the same house with a current market value of $100,000

• Offer price: $75,000
• No commission fees or transfer taxes
• No buyer assistance or prorated property tax
• Net proceeds: $75,000

In this example, the seller received an offer from Will Buys Houses for $75,000, with no commission fees or transfer taxes, buyer assistance, or prorated property taxes. Although the offer was lower than the listing price with a realtor, the net proceeds were the same as the sale price, resulting in a quicker and hassle-free sale for the seller. This deal closed and settled 2 weeks (14 days) after accepting Will’s offer.

It could be said that selling through a realtor netted the seller $13k more. It also could be said that Will saved the seller a month’s worth of time, headache, and worry.

Note that these numbers are for illustrative purposes only and that actual sale prices and costs may vary depending on the location, condition of the property, repairs needed, and other factors.

How Do You Visualize The Above Examples

It should be noted that this house only needed a few repairs to get a mortgage approved for the buyer. The house was not horribly outdated either. If the house needed more work or an outdated bath or kitchen, it might have yet to get approved and be back on the market.

It is not rocket science; however, there are many variables to possible selling. Therefore, a heads-up on the outcomes related to the realtor cash investor buyer could be great.

That is why I am offering a FREE Property Evaluation so you can get an estimate of what your property is worth in the eyes of an investor, like myself, and a realtor estimated listing price.

Plus, you will get estimated timelines to close as well. To get started on a FREE Evaluation, Click Here.

Conclusion

Selling a home or property can be an emotional and stressful experience. Still, with the right support and guidance, it can be positive and rewarding. Whether you choose to work with a realtor or a cash buyer like Will Buys Houses, it’s essential to prioritize your individual needs and goals throughout the selling process.

Ultimately, the decision to sell your home or property should be a personal one based on your unique circumstances, priorities, and goals. By weighing the pros and cons of each selling method, you can make an informed decision that meets your needs and helps you move on to the next chapter of your life.

No matter which path you choose, remember that the process of selling your home or property is a journey, not just a transaction. It’s an opportunity to reflect on the memories and experiences that have shaped your life and to create new ones in the future. With patience, perseverance, and the support of your loved ones, you can make this journey a positive and meaningful one.