Most people know they can sell their homes through a realtor. Realtors are seen as a reliable option for selling. Still, there's another reliable option that has many benefits: homebuyers. This is a newer method for selling a house, but it's just as serious and has many advantages. Discover here the pros and cons of each selling method.

 

 

What's A Realtor?

A Realtor is a real estate professional who is a member of the National Association of Realtors (NAR). The term "Realtor" is a registered trademark of the NAR. - Realtors are expected to adhere to a strict code of ethics and are held to higher standards than licensed real estate agents.

Realtors can help you buy or sell a home, find a property, list your home for sale, negotiate prices, etc. You can find a Realtor by searching for one in your area on the NAR website. With a realtor, you're not just working with a licensed professional; you're also working with a real estate expert who can provide valuable insights and resources.

 

Drawbacks Of Working With A Realtor

The main disadvantage of working with a Realtor is that they typically charge a commission, a percentage of the home's sale price. The seller pays this commission at closing, typically split between the buyer's and seller's agents.

While the commission can be negotiable, it is usually around 6% of the home's sale price, adding up to thousands of dollars. For example, if you're selling a $300,000 home, you can pay a $9,000 commission (3% to the buyer's agent and 3% to the listing agent).

 

What Are Home Buying Companies?

Home buying companies are businesses that buy houses directly from sellers. These companies typically make offers based on the property's market value, but they can often close quickly and without the need for repairs or renovations.

If you're considering selling your home to a home buying company, it's important to research and compare offers from multiple companies. You should also be aware that these companies typically don't charge a fee for their services, so you'll need to factor that into your decision.

 

Comparing Selling Time

If you're looking to sell your home quickly, working with a home buying company is typically the fastest option. These companies can often close on a property within a week or two, much faster than the traditional home selling process. This is because their cash offers are instant. Moreover, since it's cash, you won't suffer delays in getting your money.

Another reason selling to a home buyer is faster is that you can sell them your house as-is. This means that you don't have to make repairs or renovate before selling, which can further speed up the process. Overall, you can enjoy selling faster to a homebuyer.

 

Which Option Is Better For Los Angeles?

Most people in Los Angeles choose to sell their homes through realtors. However, if you're looking for a fast and hassle-free sale, working with cash home buyers in Los Angeles is better. Home buying companies can close on your property quickly and without the need for repairs or renovations. So, if you're looking to sell your LA home, home buyers are the way to go.